Message to
our stakeholders
In 2022 we had very good results which translated into a positive impact for our stakeholders.
Some time ago, we began to reflect on our reason for being and the difference we make in the world. This reflection led to us co-constructing our company Purpose which has since been transformed into a guide for viewing all our strategic decisions and against which we can analyze whether we are adding value and what we ought to do.
We know that sustainabilty and our business model go hand in hand. This is why the only way forward is to manage responsibly - not only to add value
to our stakeholders but also to help position Molymet and its subsidiaries as global market leaders. We want to demonstrate our authentic concern for the challenges companies face today – both at our productive plants and interms of a solid governance model
that will allow us to lead and implement initiatives and follow up on strategic issues related to the sustainability of our company.
Today, our Purpose has materialized into tangible actions and goals – to the extent that we have already reached 80% implementation of our Corporate Sustainability Strategy. Meanwhile, with our 2030 Sustainability Agenda, we aim to fulfill clear commitments related to renewable energy consumption.
We made good progress with measuring scope 3 of our organizational carbon footprint and measuring the carbon footprint by product. In this respect, we achieved really positive results, bringing our company below the industry average.
Then, we have been moving forward with several projects in parallel. Among these, would like to highlight the finalization of phase 1 of our MolymetNos modernization project where, up to
now,we have invested US$ 278 million. This project will lead to us voluntarily lowering our SO2 emissions to 40% below the current permissions in effect, by 2025. Other projects which will positively impact the environment, relate to generation of renewable energy - like the photovoltaic projects at our corporate and R&D buildings and the windmill energy project at Molymet Belgium which will come into operation during 2023. These will allow us to grow our renewable energy consumption by about 17%.
Our clients know with assurance that we constantly anticipate future industry standards as our products evolve, while being gentle on natural resources.
As part of our company focus, we have moved forward with the internalization of our Purpose, measuring our performance against the Purpose Strength Model®. The results have been pleasing, showing that we are close to or above the benchmark of companies that are part of the knowledge base. For us, people are at the centre of our management, which is why we are also making progress in the development of our Diversity, Equity and Inclusion Strategy; implementation of action plans related to the Labour Relations Index; and the development of our Training and Learning Strategy - all of which will enable us to guarantee development of sustainable leadership and a culture to support our employees with pension and retirement matters at all stages of their lives.
Our clients know with assurance that we constantly anticipate future industry standards as our products evolve, while taking care of natural resources.
In keeping with our commitment to our communities, we have begun to develop a Social Investment and Community Outreach Strategy to further strengthen engagement with them.
For me, it is with satisfaction and pride that I present to you this, our 5th Sustainability Report corresponding to the 2022 financial year. It reports on the progress
on different initiatives we have proposed to achieve a sustainable business model and shows our conviction to respond to a society that expects even more from companies when it comes to taking responsibility for their environmental and social impacts – in this way we are also faithful to our Purpose of “creating value for the evolution
of humanity through products developed by people who think about the well-being of the planet.”
John Graell
Molymet ́s CEO
