Elkem achieves top ratings from CDP on climate, forests and water

Elkem, one of the world's leading suppliers of silicon-based advanced materials, has been rated by CDP among the world’s top performing companies in environmental transparency and performance on climate (A- rating), forests (A) and water (A-). Only 30 companies globally scored on a similarly high level as Elkem in the category on forests.

CDP – the global environmental disclosure nonprofit – has scored over 21,000 companies based on information reported through its climate change, deforestation and water security questionnaires. By scoring companies from D- to A, CDP takes them on a journey starting from disclosure, to understanding what to measure and finally how to take tangible, measurable actions.

Disclosure is a critical tool for achieving net-zero targets and avoiding greenwashing, tracking progress towards the Paris Agreement goals – and providing robust data and recommendations for the Global Stocktake. A List companies are those with the most accurate picture of their environmental impacts and are best equipped to take climate and nature-positive actions to mitigate them.

Sherry Madera, CEO of CDP, said: “A heartfelt congratulations to this year’s A List. As CDP continually raises the bar for what represents environmental leadership, the work of all companies should be celebrated, but is never complete. We must see corporate ambition ramp up on climate and nature-positive action. This has never been more crucial.”

“These strong ratings from CDP serve as another strong confirmation of Elkem’s position as one of the world’s leading companies in the environmentally responsible manufacture of advanced materials which are critical for the green and digital transitions. They also serve as an inspiration to continue improving further,” says Elkem’s CEO, Helge Aasen.

“It is our belief that companies that act responsibly and create value by securing sustainable economic growth with a limited environmental footprint will be successful in the long term. For Elkem, sustainability is central to our business strategy. Our mission is to provide advanced material solutions shaping a better and more sustainable future, adding value to our stakeholders globally. We will continue these efforts as we position for dual-play growth and green leadership,” he adds.

About CDP scores
The full methodology for the CDP scores is transparent and available on CDP’s website at: https://www.cdp.net/en/companies/companies-scores

For further information, please contact:

Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.com

Maria Ekornes Myhre
Communications Manager
Tel: +47 994 12 707
Email: maria.ekornes.myhre@elkem.com

About CDP

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over $136 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 24,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization - and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.

About Elkem
Elkem is one of the world's leading providers of advanced silicon-based materials shaping a better and more sustainable future. The company develops silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health and personal care as well as smarter and more sustainable cities. With a strong track record since 1904, its global team of more than 7,300 people has a joint commitment to stakeholders: Delivering your potential. In 2022, Elkem achieved an operating income of NOK 45.9 billion and CDP ratings of A- on climate and forest. Elkem is listed on the Oslo Stock Exchange (ticker: ELK), where the company is also included in the ESG Index. www.elkem.com