02 NOV 2022

MYTILINEOS has achieved ASI Chain of Custody Standard Certification

Athens, Greece – 2 November 2022 – MYTILINEOS‘ Metallurgy Business Unit (Aluminium of Greece and Delfi Distomon) has been certified by the Aluminium Stewardship Initiative (ASI) for the Chain of Custody (CoC) Standard. This is the second ASI Certification for MYTILINEOS, as the Company achieved Performance Standard Certification in October 2021.

Mr. Dimitrios Stefanidis, General Manager of MYTILINEOS’ Metallurgy Business Unit stated: “We are very proud to achieve yet another prestigious ASI certification, this time in Chain of Custody, after this in Performance Standard. These certifications verify MYTILINEOS’ dedication to Sustainable Development and prove that the Metallurgy Business Unit is at the forefront of responsible material sourcing practices. MYTILINEOS is committed to become global benchmark for Green Metallurgy by reducing the absolute emissions of the Metallurgy Business Unit by 65% and, respectively, the relative emissions by 75% (as measured per ton of aluminium produced) by 2030”.   

MYTILINEOS has been established as one of the strongest international players in the Metallurgy sector. The Company owns the largest vertically integrated bauxite, alumina and aluminium production and trading unit in the European Union and combined with highly competitive production costs worldwide, it maintains its comparative advantage over global competition. Currently, the Metallurgy Business Unit employs directly nearly 1.200 people and has a consolidated turnover of app. €700 m. which represents 14.8% of the Company’s total turnover (Q3 2022).

The sustainable and yet dynamic growth of the Metallurgy Business Unit was recently acknowledged by Eurometaux (Europe’s metals association), as its members elected Chairman & CEO Evangelos Mytilineos, President of the union. This was the first time that a Greek company, takes on the Presidency of this critical European industry.

Fiona Solomon, Chief Executive Officer at ASI said, “We congratulate MYTILINEOS on achieving ASI CoC Certification for its headquarters and production operations from bauxite mining through to aluminium smelting and casting. The dual ASI Certification of MYTILINEOS’ own upstream value chain enables it to offer ASI Certified Aluminium products. But looking beyond the company’s integrated operations to examine external suppliers is also critical. MYTILINEOS’ responsible sourcing policy, alongside due diligence and risk evaluation procedures, are used to screen its critical suppliers and conduct risk assessments according to key ESG criteria, which, combined with ASI Certification, provides downstream customers the assurance of its responsible sourcing and production practices”.

ASI is a global, multi-stakeholder, non-profit standards setting and certification organization, that has developed an independent certification program to ensure that the principles of Sustainability, Corporate Social Responsibility, Governance and Human Rights are increasingly integrated into the production, use and recycling of aluminium. Major global aluminium / alumina producers, such as Rio Tinto, Alcoa Hydrο and Rusal, have joined this initiative and have been certified with a commitment to maximize the contribution of aluminium to a sustainable society.

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