Constellium releases its 2019 Business and Sustainability Report, sets its 2025 Greenhouse Gas Emissions target

PARIS, July 01, 2020 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) released today its 2019 Business and Sustainability Report, outlining the company’s progress against its sustainability goals. The company also announced its 2025 Greenhouse Gas Emissions target: reducing GHG emissions by 25% compared with a 2015 baseline.

“I am delighted by our significant progress. Achieving our Ecovadis Platinum ranking for corporate social responsibility practices and our ASI certifications are true testaments to our commitment to sustainability”, said Jean-Marc Germain, CEO of Constellium. “I am particularly proud of our achievements in improving our energy efficiency, which is at the heart of our efforts to limit our carbon footprint and reach our 2025 GHG target.”

Constellium also received a MSCI ESG rating of “AA” in 2020. MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.

The report highlights milestones Constellium achieved in 2019, including:

• Aluminium Stewardship Initiative (ASI): As a founding member of the Aluminium Stewardship Initiative, Constellium has promoted the adoption of ASI Standards across the aluminium value chain, which require that the industry operates under a demanding set of governance, environmental and social criteria. We received ASI Certifications for Singen’s casting and rolling operations in 2019. Our Neuf-Brisach facility in France was certified against ASI’s Performance Standard under provisional COVID conditions* in 2020.
   
• Energy Efficiency: Thanks to dedicated energy efficiency programs at our plants, we achieved a 2% improvement in energy efficiency from 2018 to 2019, with a 6.4% improvement against our 2015 benchmark - the equivalent of 100,000 metric tons of CO2 savings.
   
• Reducing Landfilled Waste: The quantity of production waste sent to landfill decreased by 7% as compared with 2018, preventing nearly 2,000 metric tons from ending up in landfill.
   
• Safety: Our recordable injuries rate decreased from 3.31 in 2016 to 2.40 in 2019. This was well below our target of 2.61 in 2019 and remains significantly lower than the industry average. However, we experienced one fatality, which led to the implementation of a new EHS initiative, focused on behavior.