Elkem achieves A- ratings from CDP on climate and forests

Oslo, Norway – Elkem has been awarded double A- scores from CDP for the company’s efforts on climate and forests. The company also achieved a B score on water security.
To earn an A score from CDP, organizations must show environmental leadership. Companies that score a B have addressed the environmental impacts of their business and ensure good environmental management.
“These high scores from CDP on both climate, forests and water security serve as strong confirmations of Elkem’s position as one of the world’s leading companies in advanced material solutions shaping a better and more sustainable future. We recognise that environmental issues are interconnected, and believe that companies such as ours must go further and faster to manage them together. But while we take pride in good results, true leaders are always focused on improvement. We recently detailed our strategy for dual-play growth and green leadership and will continue to step up our efforts as we position for the future,” says Helge Aasen, CEO of Elkem.
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. It is widely recognised as the global benchmark for corporate environmental transparency. Elkem has previously been rated by CDP on climate and water security, while this is the company’s first CDP rating on forests.
Dexter Galvin, Global Director of Corporations & Supply Chains at CDP, said: “In a year of ever-increasing environmental concerns around the world, the need for transformational, urgent and collaborative change is more critical than ever. Environmental disclosure is the first vital step towards a net-zero and nature-positive future, so A List companies should be commended for the level of transparency in their CDP responses. But we cannot ignore that these companies are in the minority. Most are still not managing all environmental issues holistically, and far too many are remaining complacent or failing to respond at all. Companies must step up to the challenge as CDP continues to lift the bar for what qualifies as environmental leadership, and since there is no route to 1.5°C without nature, they must speed and scale up their progress in addressing deforestation and water impacts, dependencies and risks, too.”