Non-Financial Report / Introduction
With this separate Non-Financial Report (NFR), Aurubis fulfills its obligation to disclose non-financial information for fiscal year 2017/18 pursuant to Sections 315b and 315c in conjunction with Sections 289c to 289e of the German Commercial Code (HGB).
At Aurubis, sustainability is a significant part of our conduct and therefore plays a key role in our activities. 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 our environment, as we are aware of the limits of natural resources and want to keep negative impacts from our business activities to a minimum.
When introducing our company Vision in 2017, we established the objective of developing Aurubis from a copper producer to a multi-metal group by 2025. The Vision is summarized with the phrases “Passion for metallurgy. Metals for progress. Together with you.” To advance this transformation process, we revised our Group strategy in the same year. It comprises three areas: Growth, Efficiency, and Responsibility. Sustainability is an integral component of the Group strategy, which illustrates the high priority placed on responsible corporate governance at Aurubis.
We aim to enhance our sustainability achievements continuously, beyond the legal requirements. One contribution to this goal is the implementation of the Aurubis Sustainability Strategy, which outlines the action areas for the coming years.
We make our sustainability achievements transparent in a variety of ways. These include participation in sustainability rankings, active dialogue with the related agencies, involvement in the CDP (formerly the Carbon Disclosure Project), and the voluntary reporting of the past several years. This reporting is oriented to the reporting standard of the Global Reporting Initiative (GRI), as well as the Mining and Metals Sector Disclosures. In this separate Non-Financial Report, we use the GRI Sustainability Reporting Standards as a guide in describing the concepts and selected KPIs. We plan to continue our comprehensive reporting in accordance with GRI for 2019.
We communicate regularly with our key stakeholders about sustainability-related topics. We believe it is important to maintain a dialogue with employees, customers, suppliers, politics and society, capital market participants, the media, non-governmental organizations, and the scientific community.
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 applies to the entire Group. Consequently, the action areas and measures are relevant for the Group and for Aurubis AG. The key indicators mentioned in this report are recorded at Aurubis in the individual departments, consolidated at Group level, and ultimately evaluated. When the following report mentions copper production, this refers to primary and secondary copper production at the Hamburg, Lünen, Olen, and Pirdop sites. Significant differences between Aurubis AG KPIs and Group KPIs are explained.
The main external factors influencing business development are described in the Risk and Opportunity Report of the Combined Management Report. Risks related to non-financial aspects beyond the company boundaries are also mentioned there. Risks were assessed in accordance with the German CSR Directive Implementation Act (CSR-RUG). In the process, no non-financial risks were identified that were very likely to cause serious negative impacts on employee and environmental matters, on respect for human rights, on the prevention of corruption and bribery, and on social matters according to Section 289c (3) of the German Commercial Code (HGB). Nevertheless, it is important to us to handle non-financial risks even if they are evaluated as non-material according to the strict definition of the CSR Directive Implementation Act. We have developed and implemented related management approaches to address these non-financial risks.