Carbon Disclosure Project awards RHI Magnesita with B rating

RHI Magnesita, the leading global supplier of refractory products, systems and solutions, was honoured to receive a B for addressing climate risk and tackling carbon emissions in the newly released Carbon Disclosure project (CDP) ratings. This global environmental disclosure system is widely recognised as the gold standard of corporate environmental transparency. CDP scoring ranges from D- to A. RHI Magnesita’s Management Level rating is the highest in the global refractory industry. Building on a C rating (Awareness Level) in 2019, the company has improved rapidly.

“We are honoured by this recognition,” said Stefan Borgas, Chief Executive Officer. “As a technology leader, we are committed to driving the transformation of our business in all areas. Tackling carbon emissions and climate risk as well as identifying low-carbon opportunities are of utmost importance to us.”

Examples of RHI Magnesita’s commitment to address carbon emissions include:

• ANKRAL LC:
  Ankral LC is the company’s low-carbon series of refractory bricks with a 13% reduced carbon footprint that is independently verified.
• Reduction of emissions:
  RHI Magnesita’s commitment to reduce emissions by 15% by 2025 is the first target of its kind in the whole refractory industry.
• Recycling programme:
  RHI Magnesita’s recycling programme will include 10% secondary raw materials in refractories by 2025, that not only reduces carbon emissions but also enables the company to build a circular economy.
• Customer support:
  Supporting customers is central to RHI Magnesita. Therefore, working on tailor made solutions to reduce carbon emissions of its customers is of great importance to the company.
• Corporate Sustainability Committee:
  RHI Magnesita established a committee with the sole purpose to ensure and improve the company’s environmental performance. The Board oversees the work of this Committee.

About CDP
A record-breaking 9,600+ companies participated in the 2020 CDP climate questionnaire. This is 14% higher than last year and marks a 70% increase since the Paris Agreement was signed in 2015.  

In 2020, the CDP platform saw requests for company disclosures from more than 500 investors with over US$106 trillion in assets and more than 150 major purchasers accounting for US$4 trillion in procurement spend.

Company scores are based on data reported to the CDP’s annual climate change questionnaire. A detailed and independent methodology assesses companies on comprehensiveness of disclosure, awareness and management of climate risks and environmental leadership, including setting ambitious and meaningful targets.

Source and photo: http://rhimagnesita.com