MASHINIi

ALTECH ADV.MAT.

AMA.XETRA | Manufacture of basic chemicals

Altech Advanced Materials AG, formerly known as Altech Chemicals Limited, is a specialty materials technology company. It focuses on the development of high purity alumina (HPA) production. The company is advancing the construction of its HPA plant in Johor, Malaysia, to produce 4,500 tonnes per ann...Show More

Ethical Profile

Mixed.

Altech Advanced Materials (AMA.XETRA) presents a mixed ethical profile. Its HPA production process reports 46% lower CO2 emissions and 41% lower energy use, recycling nearly 100% of hydrochloric acid. A subsidiary develops CERENERGY batteries with renewable energy and recycled nickel. However, annual mine-to-gate emissions are estimated at 29.7 ktCO₂, with 50% from the Malaysian grid. 7.1% of CAPEX funds fossil fuel equipment, and deforestation policy implementation is 60-70% verified. Whistleblower and anti-bribery policies are in place, with 'Good' governance noted by an independent assessment. Yet, transparency on fair labor, ethical sourcing, or community impacts at its Malaysian plant is largely unavailable, raising questions.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect-20
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-30
-100100
Respect for Cultures & Communities50
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

0

Altech Advanced Materials AG (AMA.XETRA) produces high purity alumina (HPA).

1
an ingredient for synthetic sapphire substrates used in LEDs, semiconductors, and scratch-resistant sapphire glass.
2
The provided articles discuss the general market for HPA.
3
and the potential health impacts (both positive and negative) of LED lighting, which is an application that uses HPA.
4
However, no article provides specific evidence directly linking AMA.XETRA's principal goods or services (HPA) to a net health effect, nor do they provide data on the company's revenue from products with negative health outcomes, user harm, pricing or accessibility of health products, reach to vulnerable populations, risk transparency related to health, or investment in health innovation. Furthermore, there is no information regarding the company's involvement in health externalities, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, mental health initiatives, pharmaceutical patents, nutrition, healthcare education, addiction mitigation, or clinical trial ethics. Therefore, all KPIs are omitted due to a lack of direct, specific evidence related to AMA.XETRA's activities and the 'Better Health for All' value.

Fair Money & Economic Opportunity

0

Altech Advanced Materials AG is a specialty materials technology company focused on high purity alumina production and battery materials.

1
The company does not offer lending, deposit, or other financial services to consumers.
2
Therefore, all Key Performance Indicators related to 'Fair Money & Economic Opportunity' are not applicable to its business model, resulting in a score of 0 for each KPI as per the rubric's definition for non-financial institutions.
3

Fair Pay & Worker Respect

-20

All employees are paid above the basic (living) wage.

1
The company's 12-month Total Recordable Injury Frequency Rate (TRIFR) for the site was 5.0, and the Lost Time Injury Frequency Rate (LTIFR) was 4.8.
2
During FY 2021, the company reported 140 employee leavers and 111 new starters, resulting in a voluntary turnover rate of approximately 55.6%.
3
No regulatory penalties were issued against the company for safety or health-related matters during the reporting period.
4
The Human Rights Policy affirms the right of employees and contractors to associate and bargain collectively, but no percentage of employees covered by collective bargaining agreements is provided.
5
Recruitment and remuneration are based on merit, qualifications, and experience, without discrimination over gender, but no pay equity ratio is available.
6
Workers' compensation insurance supported the costs of treatment and rehabilitation for six personnel injured during the year, but the overall percentage of the workforce with employer-funded health insurance is not specified.
7

Fair Trade & Ethical Sourcing

0

No specific, quantitative evidence related to fair trade certifications, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in supplier contracts, share of high-risk materials, or supplier diversity spend was found in the provided articles for AMA.XETRA.

1

Honest & Fair Business

0

The company has a whistleblower policy with multiple reporting channels, including a hotline, email to a Compliance Officer, an anonymous drop-box, and a third-party reporting platform, along with a non-retaliation commitment.

1
An anti-corruption policy, dated 01/01.09.2025, applies to all employees and third parties, adopts a zero-tolerance approach, requires accurate and transparent recording of financial transactions, limits cash transactions to US$10,000, and mandates annual anti-corruption training for all workers with additional targeted training for high-risk roles.
2
The company conducts at least two internal anti-corruption audits per year.
3
The company has not had any financial restatements in the past five years. Financial statements for Altech Advanced Materials AG were audited by MSW GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, and Altech's HPA project was formally assessed as 'green' by the independent Centre of International Climate and Environmental Research (CICERO).
4

Kind to Animals

0

No specific, concrete evidence regarding AMA.XETRA (ALTECH ADV.MAT) and its practices related to animal welfare, animal testing, animal-derived ingredients, or habitat conservation was found in the provided articles. The articles primarily discuss other companies (Merck Group/EMD Group, MBA, Altasciences, Caltech) or general industry trends and regulations concerning animal testing and alternatives, without mentioning AMA.XETRA.

No War, No Weapons

0

Altech Advanced Materials AG has a strategic agreement to exclusively supply its CERENERGY GridPacks, which are ceramic solid-state batteries, to the Western defense sector and NATO partners.

1
While this indicates involvement with the defense sector, the provided articles do not offer any quantitative data regarding the percentage of company revenue derived from this activity. Furthermore, there is no information on the scope of R&D investment in these dual-use technologies, the existence of ethical safeguards or screening processes for military applications, sales to embargoed regimes, peacebuilding investments, conflict divestment policies, board oversight of defense activities, export end-user certificates, lobbying efforts, humanitarian procurement compliance, human rights due diligence, Arms Trade Treaty compliance, AI military safeguards, UN Guiding Principles alignment, or any other specific metrics related to the 'No War, No Weapons' value.

Planet-Friendly Business

-30

Altech's HPA plant's mine-to-gate emissions are estimated at approximately 29.7 ktCO₂ annually.

1
The company has not yet implemented SBTi-validated targets or TCFD recommendations.
2
A portion of its capital expenditure (7.1%) is allocated to fossil fuel burning equipment.
3
Altech has conducted a "mine-to-gate" study for its HPA process.
4
The company recycles nearly 100% of hydrochloric acid and reuses all solid residues (silica sand), generating no red mud waste.
5
For its CERENERGY battery project, Altech Batteries GmbH uses recycled nickel, with 97% of nickel recoverable in the recycling process.
6
No regulatory actions, violations, fines, or compliance issues have been mentioned.
7

Respect for Cultures & Communities

50

The company states that all goods and materials required are sourced locally.

1
For its battery production, all raw materials and semi-finished products are sourced in Europe, mainly Germany.
2
The company's plant design is in accordance with the German Federal Emission Control Act (BImSchG), which aims to protect cultural and other material assets from harmful environmental impacts.
3

Safe & Smart Tech

0

Altech Advanced Materials AG considers data protection a high priority and has implemented numerous technical and organizational measures to protect personal data, including averting danger from attacks on information technology systems.

1
The company adheres to the General Data Protection Regulation (GDPR) and processes and stores personal data only for the period necessary or required by law, with routine deletion and blocking according to statutory provisions.
2
Users are afforded rights including confirmation of data processing, access to stored data, rectification, erasure, restriction of processing, data transferability, and objection to processing.
3
The company also states it refrains from automatic decision-making or profiling.
4

Zero Waste & Sustainable Products

-20

The company's CERENERGY® battery and Altech GridPack are stated to be 100% recyclable, with 97% of the nickel in CERENERGY® batteries recoverable.

1
Circular design principles are integrated, including 100% recycling at the production site, inline recycling, and the design for reusable, recyclable, and refurbished materials.
2
The CERENERGY® battery has an extremely long service life of over 15 years, does not age in terms of capacity, and is non-hazardous, eliminating critical or flammable substances.
3
Waste reduction initiatives include the elimination of critical substances, use of mechanical recycling processes, and inline recycling.
4
The company conducts bi-annual management reviews to ensure environmental audits are completed.
5
Altech aims to establish its production with less than 10 kgCO2 eq/kWh of storage capacity.
6
The company uses recycled nickel derivatives and has eliminated plastic separators in its solid-state batteries.
7
A recycling process/plant is developed for the collection and return of all materials from initial production steps, including unmounting defect or end-of-life battery packs.
8
Altech also qualifies local suppliers and implements recycling steps after several production stages to enable the usage of waste material.
9

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.