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AURUBIS AG

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Aurubis : Non-Financial Report 2020/21

12/03/2021 | 04:32am EST

44 Sustainability

Sustainability

Non-Financial Report

Aurubis will expand its industry leadership in sustainability by implementing its 2030 sustainability targets.

Health and safety

Future-oriented

Energy and climate

employer

Environmental

Training and education

protection

Social engagement

People Environment

Economy

Metalsfor Progress:

Driving Sustainable Growth

Governance and ethics

Recycling solutions

Responsible supply

chain

Aurubis Annual Report 2020/21

Sustainability 45

Introduction

Aurubis Sustainability Strategy

Sustainability is a significant part of the Aurubis Group's conduct, enshrined in our company strategy, and therefore key to our business activities. We pursue the company's mission of responsibly transforming raw materials into value - to provide metals for an innovative world. A responsible approach

to employees, suppliers, customers, and neighbors is a matter of course for us, whether in direct business operations or in the surrounding areas. The same applies to the environment, as we are aware of the limits of natural resources.

With this Non-Financial Report (NFR), Aurubis fulfills its obligation to disclose non-financial information for fiscal year 2020/21 pursuant to Sections 315b and 315c in conjunction with Sections 289b to 289e of the German Commercial Code (HGB). We use the Sustainability Reporting Standards of the Global Reporting Initiative (GRI) Glossary, page 212 as a guide in describing the concepts and selected KPIs.

The main external factors influencing business development are described in the ­Risk and Opportunity Report of the Combined Management Report, pages 116-126.Risks related to non-financialaspects beyond the company boundaries are also mentioned there. Non-financialrisks were assessed in accordance with Section 289c (3) of the German Commercial Code (HGB). In the process, no non-financialrisks were identified that were very likely to cause a serious negative impact on employee and environmental matters, on respect for human rights, on the prevention of corruption and bribery, or on social matters.

The previous company strategy was updated in fiscal year 2020/21. "Metals for Progress: Driving Sustainable Growth" was adopted as a result. The key elements of the strategy are securing and strengthening the core business, pursuing growth options, and expanding industry leadership in sustainability. With the development of the company strategy, our sustainability aspirations will be integrated even more strongly in all areas and activities of the company.

The key element "expanding industry leadership in sustainability" includes the focus areas of people, the environment, and the economy, with our nine sustainability action areas Aspects relevant for Aurubis, page 47. For each action area, new or continuing targets were defined for 2030. The existing Sustainability Strategy, with its 2018-2023targets, is assimilated as a milestone into the new Group strategy for 2030 Aurubis' 2030 sustainability targets, page 46. The results of the current materiality analysis

Glossary, page 214 were also incorporated in the strategy update Aspects relevant for Aurubis, page 47. On this basis, we identified an

additional action area: "Governance and ethics." This encompasses the topics of compliance and human rights, for example, which we consider material aspects. The action area "Growth and innovation" is no longer included, as this is represented in the company strategy's key element "pursuing growth options." The updated strategy, including the sustainability approach, was adopted by the Executive Board and Supervisory Board.

The individual measures and targets of the Sustainability Strategy 2018-2023 and the status of implementation are featured in this report at the end of the description of each action area.

Annual Report 2020/21 Aurubis

46 Sustainability

Aurubis' 2030 sustainability targets

Action area

Ambition

2030 targets

2022/23 milestones

 Economy

Governance and

We uphold the principles of

ethics

­responsible corporate governance.

Recycling solutions

We offer comprehensive value chain

50 % recycled content in

solutions­

for the circular economy.

copper cathodes

Responsible

We minimize negative impacts on

No suppliers with

supply chain

people and the environment in our

a very high risk

supply chains.

  • Human rights, environmental protection, and safety clauses in 100 % of long-term contracts for primary raw materials
  • Continued rollout of Aurubis Business Partner Screening

Environment

Energy and climate

We will be carbon-neutral

-50% absolute Scope 1 and Scope 2

» ISO 50001 at all production sites

well before 2050.

emissions (base year 2018)

-24% Scope 3 emissions per t of

copper cathodes (base year 2018)

Environmental

We produce with the smallest

-15% specific dust emissions

» ISO 14001 at all production sites

protection

environmental footprint

in g/t of multimetal copper equivalent

» Reducing specific metal

in our sector.

(base year 2018)

emissions to water by 50 % in g/t

of copper output (Cu) (base year

-25% specific metal emissions to water

2012)

in g/t of multimetal copper equivalent

» Reducing specific dust emissions

(base year 2018)

by 15 % in g/t of Cu output (base

year 2012)

People

Health and safety

We prevent work-related accidents,

Vision Zero: LTIFR 0

» LTIFR ≤ 1.0

injuries, and illnesses.

» ISO 45001 certifications at all

production sites and slitting

centers

Future-oriented

We create a work environment for

100 % of the relevant employees

employer

close collaboration and promote

are trained on unconscious bias

diversity and commitment. We

passionately­

work for the progress

>40 %1 of employees take part in job

of the company and society.

rotation or job shadowing, with

diversity being promoted at the same

time

At least 75 %1 of the employees

surveyed participate­

in pulse checks

and feedback measures

Training and

We provide high-quality vocational

100 % fulfillment of the continuing

» 18 training hours per employee

education

training and invest in forward-looking

education allotment in hours

per year on average

qualifications­

for employees.

(continuing education allotment: 18

hours per year for each employee)

Social

We are a reliable partner locally and

engagement

internationally, one that makes a

long-term contribution to a livable

environment.

90 % long-term partners

» Developing impact monitoring to

(percentage of total budget)

evaluate projects supported

0.8 % of operating EBT (five-year

average)­

as annual budget for social

engagement, but at least € 2 million

1 Over the period FY 2021/22 to 2029/30.

Aurubis Annual Report 2020/21

Sustainability 47

Aspects relevant for Aurubis

When selecting the aspects for the Non-Financial Report, we were guided by both the main action areas of the company's ­Sustainability Strategy and the non-financial topics that are required to understand the business development, the business result, the company's position, and the impacts of our activities on these aspects.

To identify the relevant report content, we updated the materiality analysis Glossary, page 214 in the reporting year with the assistance of internal and external experts. This was based on a revised list of potentially material topics that included new and increasingly relevant sustainability aspects in our industry. The list of results was expanded to include two material topics, "Work in associations and political lobbying" and "Data protection and IT security." The Executive Board confirmed the results. The topics identified as material in this process are assigned to the action areas of the Aurubis Sustainability Strategy in the Non-FinancialReport. We present topics that have the same management approach in a consolidated format below. The new action area "Governance and ethics" is described in several chapters of the Non-FinancialReport table on the right as well as in the Corporate Governance section Corporate Governance Report, pages 18-43.

Interdisciplinary topics such as sustainable finance Glossary, page 214, which can't be directly assigned to a specific action area, were also identified as material. Aurubis supports the work of the EU Action Plan on Sustainable Finance at European level and the corresponding approaches at national level in Germany. These deal with the implementation of increasing reporting requirements and political issues such as the assessment of the non-ferrous metals sector regarding a classification of sustainable products or possible liability regulations for risks in the supply chain, for example. Because it affects several of our sustainability activities, such as climate protection, respect for human rights, and the circular economy, sustainable finance extends across multiple action areas of the Sustainability Strategy and therefore cannot be classified under individual matters outlined in Section 289c (3) of the German Commercial Code (HGB).

The materiality analysis indicated once again that the topic of social engagement has no direct impact on our business ­development but is of considerable importance for us and our stakeholders. That is why it is part of this report and labeled as such under the topic "Social matters."

Overview of material topics

Material

according

to German

Material

Page

Sustainability

Commer-

for

in

action areas

cial Code

Aurubis

NFR

Employee-

Future-oriented

related

employer

49

matters

Training and

education

52

Health and safety

53

Environmental

Energy and climate

56

matters

Environmental

protection

59

Recycling solutions

63

Social matters

Data protection and

IT security1

65

Work in associations

and political

lobbying1

65

Social engagement

66

Human rights

Human rights and

fair working

conditions1

68

Responsible supply

chain

68

Anti-

corruption

Anti-corruption1

70

1 Topics of the strategic action area "Governance and ethics."

Annual Report 2020/21 Aurubis

48 Sustainability

Sustainability management

From an organizational perspective, the Sustainability department is part of the Investor Relations, Corporate Communications & Sustainability division, the head of which reports directly to the Executive Board chairman, who in turn bears the overall responsibility for the issue of sustainability in the Aurubis Group.

The Sustainability department serves as the interface between the departments relevant to the topic of sustainability and coordinates all of the related processes in the Group, serving as a contact for the sites. At the same time, it is also responsible for continuously reviewing and developing the sustainability targets and supporting the operational implementation of the measures with the relevant divisions. It reports current developments to the Supervisory Board (Audit Committee). Yet another focus area is supplier screening based on sustainability criteria. The department represents Aurubis' interests in sustainability issues as well. Moreover, it manages sustainability reporting and communication. It is the point of contact for ESG rating agencies Glossary, page 212.

To reflect the influence of sustainability on the company's success, the Aurubis Executive Board's variable compensation - in particular the annual bonus - takes various ESG performance criteria into account. Compensation Report of the Corporate Governance

Report, pages 28-43.

To be able to integrate the complex and dynamic sustainability developments into business activities even better in the future, initial concepts to realign the Aurubis sustainability organization were developed in the context of the strategy process. These are scheduled for implementation on January 1, 2022.

For many years, we have made our sustainability achievements transparent in a variety of ways. These include participation in sustainability rankings and ratings such as that of the CDP

Glossary, page 212 (a non-profit organization that advocates for climate reporting, among other things) as well as voluntary reporting. Our Sustainability Reports are guided by the GRI standards and are released every two years, with the next one covering fiscal year 2021/22. In the years without a Sustainability Report, the sustainability KPIs are updated and released separately in consolidated form in a KPI Update.

Aurubis Annual Report 2020/21

We communicate regularly with our key stakeholders about sustainability-related topics. We believe it is important to maintain an open and transparent dialogue with employees, customers, suppliers, politicians and society, capital market participants, the media, non-governmental organizations, and the scientific community.

Description of the business model and presentation of the Group structure

As an integrated group, Aurubis processes complex metal concentrates, scrap metals, organic and inorganic metal-bearingrecycling raw materials, and industrial residues into metals of the highest purity. In addition to our main metal, copper, our metal portfolio also includes gold, silver, lead, nickel, tin, zinc, minor metals such as tellurium and selenium, and platinum group metals. Sulfuric acid, iron silicate Glossary, page 213, and synthetic minerals round off the product portfolio. The company purchases the necessary feed materials, as it doesn't own any mines or stakes in mines Business model of the Group, pages 80-84.

Aurubis AG is the parent company of the Aurubis Group and is based in Hamburg, with production sites in Hamburg and Lünen. For us, sustainability and the related action areas and measures apply to all Group companies. The key indicators mentioned in this report are recorded at Aurubis in the individual departments, companies, and sites and consolidated at Group level. In addition to Aurubis AG, the scope of consolidation includes all of the fully consolidated subsidiaries (as at September 30, 2021). The Beerse (Belgium) and Berango (Spain) sites acquired in May 2020 and consolidated in their entirety starting in June 2020 were fully included in the environmental KPIs for 2020. The Fehrbellin site has belonged to the joint venture Cablo GmbH with the recycling company TSR Recycling GmbH & Co. KG since June 1, 2021. Aurubis holds a 40 % stake. The site is still fully consolidated in the environmental KPIs. All environmental and energy KPIs are reported for calendar year 2020, not fiscal year 2020/21.1 When the following report mentions copper production in the context of environmental KPIs, this refers to primary and secondary copper production at the Hamburg, Lünen, Olen, Pirdop, Beerse, and Berango sites. Significant differences between Aurubis AG KPIs and Group KPIs are explained.

1 The KPIs are used first and foremost for internal management purposes and reporting for governmental authorities, for which the calendar year is the given period under review. Parallel reporting of both calendar year and fiscal year figures could lead to confusion and ambiguity.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Aurubis AG published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 09:31:11 UTC.


ę Publicnow 2021
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