Outokumpu has for the first time been rated Prime company by oekom research AG,a German research company that evaluates share and bond issuers as sustainable investments.
Prime rating means that Outokumpu shares and bonds qualify for investments which take ecological and social consideration into account.Outokumpu's overall grade was B-.oekom research analyses in total some 3 000 large companies.In the metals and mining sector the total of 133 companies were screened,and only 12 were awarded oekom Prime status.
Mr Mika Seitovirta CEO said that"Sustainability is a corner stone of our business.Stainless steel is timeless and almost maintenance-free,100%recyclable and strong material that enables a more sustainable future.Outokumpu was included this year previously by Dow Jones Sustainability World Index and Carbon Disclosure Leadership Index.We are extremely pleased that oekom research AG has also recognised our unique track record in sustainability work."
Mr Tuomas Haikka VP Sustainability and Environment said that"We are proud to be among the 12 Prime companies in our sector.Outokumpu's key environmental strengths in rating were high recycled content of products and low carbon intensity combined to high energy efficiency.For social responsibility our long term safety program and responsible operation of the Kemi mine were separately highlighted.This result confirms that we have focused to right things."
As a rating agency,oekom research AG serves institutional investors and financial service providers.Its clients currently manage a total volume of EUR 140 billion of investments.
