On March 20, 2024, Constellium announced the release of its 2023 Sustainability Report. This report highlights Constellium's steadfast dedication to shaping a sustainable and circular future and showcases the company's initiatives in various areas of sustainability.
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"Constellium has continued to make strides in its sustainability journey despite a challenging environment and the continued impact of the energy crisis in Europe", said Jean-Marc Germain, CEO of Constellium.
"Our 2023 safety results remain among the best in any industry, and we are making good progress on our diversity and inclusion target to increase the representation of women in our company. While our greenhouse gas emissions intensity performance in 2023 was behind our expectations, we remain on track to achieve our targets by 2030 with many initiatives underway to improve energy efficiency, decarbonise our operations, and develop sustainable, light, and recyclable products. We use more and more recycled metal, contributing to our decarbonisation efforts."
Constellium's commitment to sustainability has consistently received recognition from third-party organisations, including a Platinum rating from Ecovadis, placing us in the top 1 per cent of 100,000 companies assessed worldwide, an AA rating from MSCI, and a B rating from the Carbon Disclosure Project (CDP) for Climate Change.
The report details Constellium's sustainability performance in 2023, including:
- Safety: We delivered best-in-class safety performance in 2023, with a recordable case rate of 1.95 per million hours worked vs. a target of 1.5 in 2025, a slight increase vs. our 2022 results of 1.85. Seven of our sites reached milestones of more than 1 million hours worked without a recordable case.
- Gender diversity: We continued to make good progress towards our 2025 target to increase the percentage of women in professional and management roles to 25 per cent, with 24 per cent of our professional and management roles held by women in 2023. This compares to 22 per cent in 2022 and a baseline of 21 per cent in 2021. Constellium's commitment to promoting a diverse and inclusive work environment was recognised by its inclusion in Forbes World's Top Companies for Women list in 2023.
- Recycling: In 2023, 42 per cent of our aluminium input came from recycled sources vs. 41 per cent in 2022. As we continue to increase our recycling capacity, including a new recycling centre in our facility in Neuf-Brisach, France, which we expect to start operating in the second half of 2024, we are on track to achieve our target of 50 per cent recycled input by 2030.
- Climate change: In 2023, the intensity of greenhouse gas (GHG) emissions increased despite improving energy efficiency. This increase is mostly due to changes in electricity grid mixes and the increased footprint of imported primary metal purchased by our European operations, which are both a consequence of the ongoing metal and energy crises. Our GHG emissions intensity remains among the best in the industry, and we remain confident we can reach our 30 per cent reduction targets in 2030. Despite this challenging environment, we continue our actions and initiatives to play our part in the fight against climate change, including participating in industry-wide initiatives such as the First Movers Coalition and leveraging innovative technologies and the potential use of clean hydrogen for the zero carbon casthouse of the future.
- Community engagement: Constellium is strengthening its support for communities through the ConstelliumCARES Fund, launched in 2023. This philanthropy fund aims to finance local, regional, and global projects with up to €1 million annually, contributing to our communities' well-being and mutual development.
Constellium's 2023 Sustainability Report details the company's initiatives and results and is organised and presented in accordance with the Global Reporting Initiative's (GRI) Sustainability Reporting Standards. An independent third party verified Constellium's non-financial performance statement included in the report*.
The full Constellium 2023 Sustainability Report is available for download on the company's website at: https://www.constellium.com/sustainability/policies-reports-and-certifications
* The verification assured our compliance with the provisions of the French Commercial Code (article R. 225-105) and the fairness of the information provided in our statement, such as key performance indicators and measures taken to address risks.
