Afarak Group SE 2024 AR2
The report highlights Afarak Group SE's financial and sustainability performance for the fiscal year 2024. Despite facing historically low stainless steel demand in Europe and sharp price declines in chrome ore, the company maintained a stable financial position, generating a positive EBITDA of EUR 2.6 million. This year marks the publication of Afarak's first sustainability report prepared in accordance with the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD). Key sustainability achievements include expanding the Life Cycle Assessment (LCA) to all major operating sites in Germany, South Africa, and Turkey, and initiating data collection for a comprehensive Climate Change Transition Plan. However, the company regrettably reported two workplace fatalities involving subcontractor workers at its South African mines, prompting rigorous investigations to reinforce its Zero Harm Policy.
Company: Afarak Group SE
Sector: Materials
Country: Finland
Year: 2024
Type: AR2
Pages: 156
Afarak Group SE
The Board Of Directors Report And The Annual Financial Statements
The report highlights Afarak Group SE's financial and sustainability performance for the fiscal year 2024. Despite facing historically low stainless steel demand in Europe and sharp price declines in chrome ore, the company maintained a stable financial position, generating a positive EBITDA of EUR 2.6 million. This year marks the publication of Afarak's first sustainability report prepared in accordance with the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD). Key sustainability achievements include expanding the Life Cycle Assessment (LCA) to all major operating sites in Germany, South Africa, and Turkey, and initiating data collection for a comprehensive Climate Change Transition Plan. However, the company regrettably reported two workplace fatalities involving subcontractor workers at its South African mines, prompting rigorous investigations to reinforce its Zero Harm Policy.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Workplace Fatalities
Employees