Commitments

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AMG considers the subject of Environmental, Social, and Governance (“ESG”) as a core organizational value and is not limited by simply being compliant with regulations and best practices, but by demonstrating its commitment to ESG value everyday in what we do and how we do it.

2030

Commitment

Our long-term direct Scope 1 and Scope 2 CO₂ reduction targets are twofold:

AMG Commits to reduce its direct CO₂ emissions by 20% from a baseline of 2019 (i.e., pre COVID) adjusted for the startup of our Zanesville facility. This is a total reduction of 125,000 tons of CO₂.

AMG commits through its ECO₂RP concept, to increase its enabled CO₂ reduction by 10% per annum from 2021 levels through 2030. Substantive contributions will come from what we refer to as “Circular Economy” projects.

AMG is a global leader in “critical” materials which are essential building blocks for containing and eventually reversing the growth of atmospheric CO₂ levels.

AMG considers the subject of Environmental, Social, and Governance (“ESG”) as a core organizational value and is not limited by simply being compliant with regulations and best practices, but by demonstrating its commitment to ESG value everyday in what we do and how we do it. AMG is a global leader in “critical” materials which are essential building blocks for containing and eventually reversing the growth of atmospheric CO₂ levels.

AMG was built around a series of acquisitions of companies with global leadership in critical materials. The primary strategic driver for these acquisitions was the recognition that major demand shifts would cause increasing criticality for specific materials. These demand shifts are primarily triggered by a wave of new technology applications for clean energy, energy savings, energy storage, and energy transformation. Clean energy and energy savings are essential to meet global climate targets. These targets, expressed in terms of CO₂ levels and timeframes for carbon neutrality, have established a powerful, global, long-term framework for political and industrial decisions. AMG’s substantive contribution to the enablement of our customers in their efforts to significantly reduce atmospheric CO₂ levels was always known to be a significant driver in the reduction of anthropogenic CO₂ levels. Recently, AMG engaged a third-party sustainability consultant to quantify the CO₂ reduction in terms of annual metric tons using Life Cycle Analysis (“LCA”) which then became the basis of our ECO₂RP concept. ECO₂RP has shown us that its enabled CO₂ reduction is much larger than the direct CO₂ reduction caused by our own operations.

The majority of our critical material products are enabling customers to reduce CO₂ at a multiple of their direct CO₂ emissions due to the production of these products. The LCA’s have provided ample proof of that concept. If AMG had not existed, the global CO₂ emissions in 2023 would have been higher by 110.0 million tons (110.3 million tons enabled CO₂ reduction adjusted for 0.3 million direct CO₂ emissions).