MASHINIi

AURUBIS AG.

NDA.XETRA | Manufacture of basic precious and other non-ferrous metals

Aurubis AG is a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide. The company produces a variety of metals, including copper, precious metals (gold, silver, platinum, palladium), and other non-ferrous metals such as nickel, lead, tin, and zinc. Aurubis'...Show More

Ethical Profile

Mixed.

Aurubis AG shows a mixed ethical record. While a major copper recycler, processing over 1 million tons of materials annually and producing over 45% of copper cathodes from recycled sources, the company faces significant challenges. Reports suggest a lack of supply chain transparency, allegedly violating the German Corporate Due Diligence Act, with critics pointing to environmental destruction and human rights violations in South American copper mines linked to suppliers. The Aurubis Buffalo plant was fined $35,500 in 2018 for hazardous waste violations. A notable cyberattack in 2022 forced IT system shutdowns despite ISO/IEC 27001 certifications. The company also missed 2022 targets for women in management.

Value Scores

Better Health for All-50
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing-30
-100100
Honest & Fair Business-20
-100100
Kind to Animals0
-100100
No War, No Weapons-30
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities-10
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products-10
-100100

Better Health for All

-50

The company's core products, metals, are not directly health-related, leading to a neutral score for their net health effect. However, the company has a poor safety record, with three fatalities in 2023 due to a nitrogen leak and one contractor fatality in 2024, totaling four fatalities in the past three years.

1
The company demonstrates excellent risk transparency, with publicly available policies, a whistleblower hotline in 13 languages, and comprehensive risk management processes.
2
Regarding health externalities, the company has a history of an arsenic scandal in 1985 and aims to avoid harmful environmental influences, having reduced dust emissions by 35% and metal emissions to water by 18% since 2018.
3
The company provides substantial support for its workforce, including occupational safety experts, company doctors, and a 'healthy leadership' training program.
4
It also offers preventative health measures such as routine health exams, flu vaccinations, and addiction prevention.
5
The company has strong data protection standards for personal data, processing it only for business or labor law purposes.
6
During the coronavirus pandemic, a Group task force was established to protect employees' health, and aid shipments were sent to Ukraine.
7
The company offers substantial mental health support through programs like a psychological health program in Olen and an anonymous employee advice hotline.
8
Addiction prevention and treatment programs are also offered.
9

Fair Money & Economic Opportunity

0

Aurubis AG is a metals producer and recycler, not a financial institution. The provided articles detail the company's investments in production capacity and recycling facilities, and discuss general ESG reporting trends in Bulgaria. There is no evidence that Aurubis AG engages in activities related to lending, insuring, moving, or storing money, nor does it offer financial products or services to consumers or businesses. Therefore, no specific, concrete data points are available to score any of the KPIs under the 'Fair Money & Economic Opportunity' value, and all KPIs are omitted.

Fair Pay & Worker Respect

20

The CEO-to-average employee pay ratio was 24:1 in 2025.

1
In the 2024/25 fiscal year, 86% of employees were covered by a collective agreement.
2
The Lost Time Injury Frequency Rate (LTIFR) was 2.9 in 2024/25.
3
However, one fatal industrial accident involving a contractor occurred at the Lünen plant in June 2025.
4
The voluntary employee turnover rate was 10% in the 2024/25 fiscal year.
5
As of 2024/25, 635 temporary employees were part of a total workforce of 7,190, representing approximately 8.8% of the workforce.
6
The company offers health insurance, pension schemes, paid sick leave, and parental leave prescribed by EU and national law, and voluntarily offers these in the US where not legally prescribed.
7
In fiscal year 2024/25, incidents of violations concerning value chain employees in the upstream value chain were reported, including freedom of association, inadequate wages, unequal treatment, and insufficient safety.
8
Additionally, 12 incidents of discrimination, including harassment, were reported.
9

Fair Trade & Ethical Sourcing

-30

Aurubis conducts third-party audits at least annually for specific supply chains, including gold, silver, tin, and copper.

1
The company has been conflict-free certified for gold since 2013, silver since 2019, and tin production at its Beerse and Berango sites since 2015, in accordance with LBMA, RMAP, and RMI standards.
2
Aurubis also adheres to the EU Conflict Minerals Regulation and participates in the Responsible Minerals Initiative.
3
The company's Corporate Responsible Sourcing Policy, effective September 1, 2024, covers all majority-owned group companies and outlines a risk-based approach for supplier screening and due diligence, including annual risk assessments.
4
A whistleblower hotline is available for reporting human rights or environmental risks.
5

Honest & Fair Business

-20

Aurubis has an ESG Controversy Index from Sustainalytics of 74/100.

1
The company operates a 24/7 external and independent Compliance Portal for anonymous whistleblower tips, covering criminal offenses, antitrust violations, human rights, and environmental risks, with reports investigated and no disadvantages for whistleblowers.
2
Audits are conducted in accordance with Copper Mark criteria on human rights and labor standards at sites in Hamburg, Lünen, and Pirdop, which represents 3 of 16 sites.
3
Aurubis has a Corporate Anti-Corruption Compliance Policy and is committed to the UN Global Compact, which includes anti-corruption principles.
4
Employees receive training on antitrust law and anti-corruption, with approximately 725 employees trained on anti-corruption and 320 on anti-trust over three years.
5
The company mentions using processes for reviewing potential impacts of suppliers and screening business partners for integrity and compliance, and a commitment to OECD Due Diligence Guidelines.
6
However, Aurubis does not disclose specific copper suppliers, hindering assessment of compliance with the German Corporate Due Diligence Act (LkSG).
7

Kind to Animals

0

The provided articles do not contain any specific, concrete data points or information relevant to the 'Kind to Animals' ethical value.

1
There is no evidence regarding cruelty-free certifications, alternative testing methods, humane certifications for operations, measurable wildlife conservation impact, ethical input substitution, animal welfare supplier audits, cage-free sourcing, animal testing policies or volumes, investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement related to animal welfare.
2
Therefore, no KPIs under this value can be scored based on the evidence provided.

No War, No Weapons

-30

Aurubis has participated in the United Nations Global Compact since 2014 and is committed to implementing its Ten Principles, aligning with the UN Guiding Principles on Business and Human Rights.

1
The company's Corporate Responsible Sourcing Policy, effective September 1, 2024, is based on and aligned with various international due diligence guidelines.
2
Human rights due diligence is conducted at intervals corresponding to individual risk or when changes in risk become known, with a Human Rights Committee for own business and a Supply Chain Committee for the supply chain.
3
Aurubis' gold production has been annually certified as conflict-free since 2013, silver since 2019, and tin production at Beerse and Berango sites since 2015, in accordance with LBMA and RMAP/RMI standards.
4
The company does not maintain its own industrial, mining, or trading operations in Conflict-Affected and High-Risk Areas (CAHRAs).
5
Aurubis' Corporate Responsible Sourcing Policy prohibits support for non-state armed groups and involvement with illegal security forces.
6
The Supply Chain Committee ensures an annual risk analysis for human rights and environmental risks in the supply chain.
7
A Business Partner Screening system based on OECD guidelines has been implemented, with revisions planned for 2023, and on-the-ground sustainability assessments of medium or high-risk business partners are planned.
8
Human rights, environmental protection, and safety clauses are included in 81% of long-term contracts for primary raw materials, with a target of 100%.
9

Planet-Friendly Business

-50

Aurubis AG's total Scope 1, 2, and 3 greenhouse gas emissions for the 2024/25 fiscal year were 5.48 million tCO₂e.

1
The Science Based Targets initiative (SBTi) validated Aurubis' CO2 reduction targets in June 2021, which include a 50% absolute reduction in Scope 1 and 2 emissions by 2030 (from a 2018 baseline) and a 24% reduction in Scope 3 emissions per ton of copper cathodes by 2030 (from a 2018 baseline).
2
In the 2024/25 fiscal year, 7% of total energy consumption was sourced from renewables.
3
Life cycle assessments (LCAs) were compiled for gold, silver, tin, wire rod, and continuous cast shapes copper products in 2022.
4
The average recycled copper content in copper cathodes was 56% in 2023/24.
5
The company reported environmental protection violations at its Buffalo (US) site in 2018, resulting in a $35,500 fine for 15 hazardous waste violations and being declared a "significant non-complier" by the EPA between 2016 and 2018.
6
Aurubis aims for carbon-neutral production well before 2050.
7
The company's first report based on the Task Force on Climate-related Financial Disclosure (TCFD) reporting standard was published,
8
and a separate climate risk report was drafted in accordance with TCFD recommendations, including scenario analysis using IPCC Representative Concentration Pathways.
9
In the 2024/25 fiscal year, 1% of total capital expenditure was aligned with the EU Sustainable Taxonomy.
10
Biodiversity efforts include a pilot project for greening facades at the Hamburg site,
11
participation in the “UnternehmensNatur” initiative,
12
restoring disused landfill areas at the Pirdop site,
13
and supporting biodiversity conservation in the Reserva Nacional Salinas y Aguada Blanca national reserve in Peru.
14
In 2023, 44,392 tonnes of hazardous waste were generated,
15
with 10,117 tonnes recycled
16
and 253 tonnes internally utilized/recycled.
17
For non-hazardous waste, 38,496 tonnes were generated,
18
with 33,721 tonnes recycled
19
and 885 tonnes internally utilized/recycling.
20
The total waste recovered was 25.37% of total waste generated in 2023.
21
The company's water security questionnaire did not identify any relevant impacts for its sites in areas defined by WRI Aqueduct as “water stress areas”.
22

Respect for Cultures & Communities

-10

Aurubis Richmond has pledged to 3 formal partnership agreements with local community groups: Augusta Technical College, Aiken Technical College, and the Richmond County School System.

1
A whistleblowing system is available to employees, business partners, and other third parties, with reporting channels including a digital system, email, postal mail, phone, fax, and personal meetings.
2
This system is available 24/7 and supports input in ten languages.
3
Whistleblowers are informed of follow-up measures within three months of receipt of a report.
4
The company's Corporate Responsible Sourcing Policy states that Aurubis does not accept unlawful land acquisition which endangers a cultural heritage site and indigenous people or threatens vulnerable populations, and will not buy, process, or offer products containing materials from world heritage sites or protected areas.
5
The company investigates complaints of suspected discrimination and develops preventive and remedial measures for human rights or environmental violations.
6

Safe & Smart Tech

10

Aurubis AG holds ISO/IEC 27001 certification for its headquarters and multiple sites, including Lünen, Olen, and Pirdop, with the latest certificate dated September 10, 2024, and valid until October 30, 2025.

1
TÜV carries out annual audits, with the last one conducted in October 2025.
2
The company provides mandatory Group-wide e-learning on risks from malicious insiders, and a phishing test is conducted annually, with results incorporated into IT security training sessions.
3
For data protection, the job application portal uses 128-bit encryption.
4
The company states it limits unauthorized access to company data by restrictively issuing access rights and conducting security reviews.
5
Users have rights to revoke consent, request information, correction, deletion, restriction of processing, and data portability.
6
Aurubis implements password policies and uses modern security technologies.
7
Critical systems undergo regular technical security tests, including penetration tests, performed both in-house and by third parties.
8
IP anonymization is activated for Google Analytics, and application data is deleted after 6 months following rejection or 12 months if added to an applicant pool.
9
The company works closely with authorities following a cyberattack in October 2022 that forced IT system shutdowns.
10

Zero Waste & Sustainable Products

-10

In 2023, the company recovered 25.37% of its total waste.

1
Its core products, non-ferrous metals like copper, gold, and silver, can be recycled indefinitely without loss of quality.
2
The company manufactures tin bars entirely from secondary raw materials, achieving 100% recycled content for tin.
3
For copper cathodes, the average recycled content was 56% in fiscal year 2023/24.
4
Other products have varying recycled content, such as 95% for lead and 70% for Aurubis FOXROD.
5
The company offers individualized solutions for taking back recycling materials from customers and has established over 150 closing-the-loop partnerships.
6
Circular design principles are applied, with process residues utilized internally and raw materials fed back into the economic cycle.
7
The company has multiple waste reduction initiatives, including investments in new recycling facilities like Complex Recycling Hamburg (CRH) and the Augusta, Georgia (US) secondary smelter.
8
Hazardous waste management includes recycling 10,117 tons of hazardous waste across the group in 2023, and all 367 tons of hazardous waste generated at the Lünen site in 2024 were sent for recycling.
9
The Lünen plant is certified as a specialized waste management company.
10
Annual external audits are conducted for environmental protection measures.
11
The company had one minor waste disposal violation in 2018, which resulted in a US$240,000 fine paid in March 2021.
12
The company aims to efficiently recover metals from raw materials and has company-wide waste reduction targets, such as reducing specific metal emissions to water by 25% by 2030.
13
Suppliers are encouraged to utilize recycling potential, and customers are advised on product disposal.
14

Own AURUBIS AG?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

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.