Constellium Releases Annual Business and Sustainability Report reflecting Progress towards 2020 Sustainability Targets
June 19 2017 - 9:00AM
Constellium N.V. (NYSE:CSTM) (Euronext Paris:CSTM) today released
its 2016 Annual Business and Sustainability Performance
Report, evaluating its performance against its 2020 targets.
“At Constellium, we’re committed to integrating sustainability
into the very heart of our business, where our efforts create value
for our customers, our shareholders, our employees and the
communities we proudly serve,” said Arnaud Jouron, Chairman of
Constellium’s Sustainability Council and President of Constellium’s
Packaging and Automotive Rolled Products business unit.
Most sustainability objectives are on track, namely:
- Increase beverage recycling rate: We have
endorsed industry-led objectives and Europe is on track to reach
the 80% recycling rate target set for 2020. However, the US
beverage can recycling rate decreased in 2016, but we will continue
to work with the industry and other stakeholders to address this
complex issue. At Constellium, we have significantly increased our
used beverage cans recycling capacity in Muscle Shoals, Alabama, US
with the installation of a new furnace.
- Increase customer satisfaction: Our 2016
customer survey showed continued satisfaction from our customers,
and we continue to innovate to offer lighter, safer and infinitely
recyclable solutions to our customers.
- Engage our people: Our 2016 survey showed a 2%
improvement versus our last survey in 2014, with a stable
participation rate.
- Strengthen our communities: More than half of
our plants organized a community program in 2016, with our US sites
being particularly active.
- Build a standard for aluminum: We have
actively participated in finalizing the Aluminum Stewardship
Initiative (ASI) certification program, which will be available in
early 2018.
- Ensure sustainable purchasing: Throughout
2016, we continued to evaluate the sustainability performance of
key suppliers as planned.
The following sustainability objectives need some improvement,
and we are implementing corrective actions to address them with the
objective of getting back on track by the end of 2017:
- Further improve our safety record: We saw a
degradation in our 2016 recordable case rate1. However, our safety
results remain among the best in the industry, and we were able to
contain the number of serious injuries within our maximum
limit.
- Reduce production waste sent to landfill: As
we focused on better measuring production wastes, we identified
unreported waste streams. This, combined with some non-recurrent
landfilled waste, led to an increase in the total waste produced in
2016 as compared to 2015.
- Improve energy efficiency: While we improved
slightly year over year by 0.3%, we remain under our target due
largely to the temporary effects of ramp-ups and operational
changes.
To learn more about Constellium’s sustainability progress and to
download our 2016 business and sustainability report, please visit
http://www.constellium.com/sustainability
About ConstelliumConstellium (NYSE:CSTM)
(Euronext Paris:CSTM) is a global sector leader that develops
innovative, value added aluminium products for a broad scope of
markets and applications, including aerospace, automotive and
packaging. Constellium generated €4.7 billion of revenue in
2016.
www.constellium.com
Forward Looking Statement
Certain statements contained in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. This press release may
contain “forward looking statements” with respect to our business,
results of operations and financial condition, and our expectations
or beliefs concerning future events and conditions. You can
identify forward-looking statements because they contain words such
as, but not limited to, “believes,” “expects,” “may,” “should,”
“approximately,” “anticipates,” “estimates,” “intends,” “plans,”
“targets,” likely,” “will,” “would,” “could” and similar
expressions (or the negative of these terminologies or
expressions). All forward-looking statements involve risks and
uncertainties. Many risks and uncertainties are inherent in our
industry and markets. Others are more specific to our business and
operations. These risks and uncertainties include, but are not
limited to, the ability of Constellium and Wise Metals to achieve
expected synergies and the timing thereof; Constellium’s increased
levels of indebtedness, which could limit Constellium’s operating
flexibility and opportunities; the potential failure to retain key
employees, the loss of customers, suppliers and other business
relationships slower or lower than expected growth in the North
American market for Body-in-White aluminium rolled products, and
other risk factors set forth under the heading “Risk Factors” in
our Annual Report on Form 20-F, and as described from time to time
in subsequent reports filed with the U.S. Securities and Exchange
Commission. The occurrence of the events described and the
achievement of the expected results depend on many events, some or
all of which are not predictable or within our control.
Consequently, actual results may differ materially from the
forward-looking statements contained in this press release. We
undertake no obligation to publicly update or revise any
forward-looking statement as a result of new information, future
events or otherwise, except as required by law.
________________________________1Recordable Case
Rate measures the number of fatalities, serious injuries, lost-time
injuries, restricted work injuries or medical treatments per one
million hours worked.
Christel des Royeries – Europe
Phone: +33 1 73 01 46 73
christel.des-royeries@constellium.com
Delphine Dahan-Kocher - US
Phone: +1 212 858 9963
delphine.dahan-kocher@constellium.com
Catherine Athenes – Sustainability
Phone: +33 (0) 1 73 01 46 85
catherine.athenes@constellium.com
Ryan Wentling – Investor Relations
Phone: +1 (212) 675-5450
investor-relations@constellium.com