As part of our wider social engagement we participate in several corporate responsibility forums, such as Global Compact Nordic Network, the UN Global Compact goals and World Steel Association’s Sustainable Development Charter. Outokumpu's sustainability performance is widely recognized. The ratings in the field of sustainable asset management and responsible investments find Outokumpu amongst the top companies, if not the best. We are also extremely proud of the recognition from our peers.

Indexes and ratings

Outokumpu is rated by several corporate responsibility indexes. Being rated by these research companies is a recognition of the fact that Outokumpu has succeeded in fulfilling certain criteria of having responsible operations. On the other hand, the independent indexes offer the chance to see which areas of corporate responsibility still have room for improvement.

Outokumpu is one of the top-scoring companies in the steel industry. Outokumpu is the 6th among all the steel companies in the SAM Corporate Sustainability Assessment (CSA) – the leading global benchmark in the growing field of Sustainability Investing and Corporate Sustainability. Outokumpu is also included in SAM Sustainability Yearbook 2020, indicating a position within the top 15% sustainability performers in the industry.

Outokumpu is rated by Ecovadis with  a gold recognition level. This excellent result includes Outokumpu among the top 5% performers evaluated by EcoVadis. In CDP's Climate ranking, Outokumpu received the grade C in 2019.

 

Initiatives

UN Global Compact

Outokumpu is a member of the UN Global Compact since 2009.

UN Sustainable Development Goals

Outokumpu contributes to several United Nations Sustainable Development Goals.

See more information on our contribution to the UNSDG.

Science Based Targets Initiative

Outokumpu signed the membership in the Science Based Targets Initiative in 2016. We developed and proposed a science-based reduction target on direct and indirect CO2 emissions intensity and included the upstream emissions in the reporting. The target was renewed in 2019.

Outokumpu forerunner in Leadership in Energy and Environmental Design (LEED) – Green building offers both environmental and economic opportunity. The United States Green Building Council (USGBC) is the developer of the LEED, Outokumpu has LEED documentation available and therefore designers selecting Outokumpu stainless steel can gain LEED points for the building. LEED recognizes buildings that achieve high-energy efficiency and use sustainable materials that meet documentation requirements. The sustainable characteristics of Outokumpu stainless steel, like high recycled content and long service life, are rewarded in this scheme. To further demonstrate our commitment to sustainable building, Outokumpu joined USGBC as a member in 2015.

International Stainless Steel Forum (ISSF)

During 2015 Outokumpu signed in worldsteel’s sustainability development charter. Worldsteel member companies and associations have committed to seven sustainability principles, as outlined in the worldsteel Sustainable Development Policy: environmental protection, safety and health, local communities, ethical standards, stakeholder engagement, disclosure and transparency, value for stakeholders.

ResponsibleSteel

Outokumpu joined the ResponsibleSteel initiative in 2019. ResponsibleSteel is a global multi-stakeholder standard and certification initiative for the steel industry. The initiative is developing an independent certification standard that helps the steel industry to communicate about carbon footprint and other sustainability aspects of their products and operations to customers and other stakeholders.