Ferroglobe PLC.
GSM.US | Manufacture of basic iron and steel
Ferroglobe PLC is a leading global producer of silicon metal, silicon-based alloys, and manganese-based alloys. These materials are essential components in a wide range of industrial and consumer products, including aluminum, steel, chemicals, electronics, and solar panels. The company operates prod...Show More
Better Health for All
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No evidence was found in the provided articles that directly pertains to the ethical value of 'Better Health for All' as defined. The company's core business involves producing industrial components, not health-related products or services.
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Information regarding environmental violations and workplace safety, while present,
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is explicitly excluded from this value assessment as per the rubric's definition, which states these fall under 'Planet-Friendly Business' and 'Fair Pay & Worker Respect' respectively.
Fair Money & Economic Opportunity
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Ferroglobe PLC is a producer of silicon metal and alloys.
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The company does not offer lending, deposit, or other financial services to consumers. While a subsidiary, Globe Metallurgical, Inc., received $13.5 million in New Markets Tax Credit funding for facility refurbishment, this indicates the company is a recipient of financing for industrial operations, not a provider of financial services.
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Therefore, all KPIs related to consumer financial products, services, and associated practices are not applicable to its core business model.
Fair Pay & Worker Respect
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A majority of the company's employees are members of labor unions.
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In 2022, the company incurred one serious and repeated workplace safety or health violation by OSHA at its Waterford, Ohio facility, resulting in a $129,004 penalty.
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Fair Trade & Ethical Sourcing
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No evidence available to assess Ferroglobe PLC on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No specific, concrete data points were found in the provided articles for any of the 'Honest & Fair Business' KPIs. Information regarding regulatory fines, transparency index scores, whistleblower policies, financial restatements, ESG controversy index, complaint resolution time, board conflict-free percentage, anti-corruption policies, or third-party verification of ethical claims was not available or was too specific to a subsidiary to apply company-wide.
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Audit coverage percentage was not available or was too specific to a subsidiary to apply company-wide.
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Kind to Animals
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The provided article outlines Ferroglobe's general ESG strategy and the publication of its first ESG Annual Report.
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However, it explicitly states that no quantitative data, certifications, or information related to 'Kind to Animals' is mentioned.
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Therefore, no evidence is available to assess the company against any of the specified KPIs for this value.
No War, No Weapons
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The provided articles do not contain specific, concrete data points or verifiable facts for any of the KPIs related to the 'No War, No Weapons' ethical value. While the company's core business description (silicon metal, silicon-based alloys, manganese-based alloys for industrial and consumer products) does not inherently suggest involvement in arms or defense, the articles do not provide explicit evidence to score any of the defined KPIs, such as revenue from arms contracts, R&D in dual-use technologies, sales to embargoed regimes, or peacebuilding investments.
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Therefore, all KPIs are omitted due to lack of evidence.
Planet-Friendly Business
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Ferroglobe's total Scope 1 and 2 emissions were approximately 2.0 million tCO₂e in 2023, but Scope 3 emissions data was not disclosed.
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The company has not set specific reduction targets under the Science Based Targets initiative (SBTi).
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Approximately 45% of the power needs for its Alloy, West Virginia facility are sourced from a hydroelectric facility.
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The company utilizes or sells most of its manufacturing by-products, requiring little solid waste disposal.
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Ferroglobe has incurred over $12 million in environmental penalties since 2000, including a $9.1 million air pollution violation and a $2.6 million environmental violation in 2023.
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The company commenced work in 2022 on assessing Climate Change Risks & Opportunities and its related financial impact, following TCFD recommendations.
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In 2016, Ferroglobe idled its Venezuelan operations and wrote down the full value of its facilities there due to political and financial instability.
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The company plans to assess the environmental footprint of its products by developing specific Life Cycle Assessment studies.
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Respect for Cultures & Communities
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The company has no reported cultural appropriation incidents across the provided articles.
1
No specific, quantifiable data was found for other KPIs related to formal partnerships, community reinvestment, cultural impact assessments, local employment, grievance mechanisms, FPIC processes, community governance, cultural preservation, local procurement, indigenous suppliers, cultural site protection, social license, charitable giving, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training.
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Safe & Smart Tech
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The provided articles do not contain specific, quantifiable evidence to assess Ferroglobe PLC against any of the 'Safe & Smart Tech' KPIs. While there are general mentions of a 'data protection' policy, a code of conduct emphasizing integrity, and a partnership to strengthen cybersecurity, these lack the concrete metrics, percentages, dates, or outcomes required by the rubric's quantitative thresholds.
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There is no information regarding data breaches, AI ethics, cybersecurity investment as a percentage of revenue, privacy certifications, employee security training effectiveness, encryption implementation, AI audits, algorithmic transparency, unauthorized data use incidents, user data control mechanisms, authentication security, vulnerability management, bug bounty programs, privacy by design integration, security testing coverage, data minimization practices (beyond a specific age group), regulatory compliance details, algorithmic harm remediation, or digital rights advocacy.
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Zero Waste & Sustainable Products
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The provided articles do not contain specific, quantitative data or concrete actions related to Ferroglobe PLC's performance on Zero Waste & Sustainable Products. Information available primarily discusses carbon emissions and general ESG strategies, but lacks specific metrics for waste diversion, product recyclability, packaging sustainability, recycled content, waste reduction initiatives, or any other KPI under this ethical value. No evidence of implemented programs, certifications, or specific targets with measurable outcomes was found.