Acerinox ratifies the commitment to climate neutrality by 2050 announced by UNESID

The Group is committed to reinforcing its Sustainability department as a strategic element, with presence on the Senior Management Committee and reporting directly to the Chief Executive Officer

The Acerinox Group has ratified the commitment expressed yesterday by the Union of Steel Making Companies (UNESID in its Spanish acronym) to achieve climate neutrality by 2050, in keeping with the decision of the steelmakers’ association's Board which it announced to coincide with the start of the Climate Summit (COP25) in Madrid.

This endorsement forms part of the company’s sustainability initiatives as one of the essential principles of its activity. Acerinox’s environmental and sustainable endeavours have been acknowledged by various international organisations and associations.

With factories on four continents and sales in more than 80 countries, the Acerinox Group is a global example of balance between economic growth, care for the environment and social welfare.

The Acerinox Group strives to achieve the greatest profitability by means of improving its competitiveness and excellence in all its processes, but the way it obtains profits, the potential repercussions of its activity and its impact on the environment are issues that the company considers highly.

As a result of this, and with this objective, Oswald Wolfe has recently joined the Group’s senior management team as Director of Sustainability, Institutional Relationships and Communication, reporting directly to Chief Executive Officer, Bernardo Velázquez.

Wolfe, CEO of Bahru Stainless, the Acerinox Group factory in Malaysia, until a few months ago, has extensive international experience in the sector and profound knowledge of the processes, ideal for achieving environmental improvements at the plants and the integration of sustainable measures in all the company’s business areas so as to define and increase its future value and meet the demands of our stakeholders and society as a whole.

With the aim of developing economic, social and environmental sustainability, Acerinox will promote the reduction of emissions and the use of resources and place value on stainless steel as an example of the circular economy, given that it is a product with renowned profitability whose life cycle matches the four “Rs” on which this concept is based: Reduce, reuse, re-manufacture and recycle.

Stainless steel can be found in a wide range of products that we use in everyday life, and its applications are constantly increasing in number, thanks to its resistance to corrosion, its mechanical properties, its surface appearance, its ease of cleaning, the duration of the products manufactured with it as well as its ability to be recycled again and again without losing any of its properties, making it ideal for sustainable development and the circular economy.

Among the international awards that Acerinox has received in the matter of sustainability, there is the FTSE4Good, which places it in its global index of responsible companies in terms of the environment, sustainability and CSR policies, as well as the G4 version of the Global Reporting Initiative, following a review of the Acerinox Group’s 2018 Sustainability Report.