ASM improves Sustainalytics Risk Rating

ASM takes a comprehensive approach to ESG activities across its business. Watch Managing Director and CEO Rowena Smith discuss some of the major milestones already delivered and our future objectives, with Mining Journal and MiningNews.Net.

Australian Strategic Materials (ASM) is pleased to confirm it has received its second annual public environmental social and governance (ESG) Risk Rating from Morningstar Sustainalytics, improving to a 27.7 Medium risk rating from a 32.6 High rating in 2023.

The global ESG Risk Ratings measure a company’s exposure to industry-specific material environment, social and governance risks and how well a company is managing those risks.

Significant improvement

This latest rating positions ASM in the top 10% of companies globally within the Diversified Metals-Mining Industry Group.

“Our latest rating represents a significant improvement in overall performance and is recognition of the strategic work we have conducted to strengthen our ESG management,” said Ms Agata Carrabs, VP Risk and Corporate Services.

“ASM is committed to ensuring it operates to high ESG standards and recognises the importance of ESG reporting to identify, assess and manage ESG risks across the business,” said Ms Carrabs.

As ASM establishes itself as a vertically integrated producer of critical metals for sustainable energy solutions, advanced technologies and new growth industries, the Company’s approach to sustainability and ESG activities is core to delivering ASM’s unique mine to metals strategy.