Company Directory - Andritz AG
Company Details - Andritz AG
Andritz AG
WebsiteGraz, Austria
ISIN: AT0000889001
Andritz AG is a global technology group that provides equipment, systems, and services for industries including hydro power, pulp and paper, and metal forming. The company delivers innovative industrial solutions and automation technologies to customers worldwide.
CCI Score
CCI Score: Andritz AG
24.00
-0.02%
Latest Event
Modern Slavery Statement Compliance and Supply Chain Ethics
Andritz AG released its Modern Slavery Statement for the reporting period ending December 31, 2023, detailing robust measures to mitigate human rights risks through comprehensive supply chain due diligence and ethical labor practices.
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SABOTEUR
Andritz AG is currently rated as a Saboteur.
Latest Events
- JUN272024
Andritz AG released its Modern Slavery Statement for the reporting period ending December 31, 2023, detailing robust measures to mitigate human rights risks through comprehensive supply chain due diligence and ethical labor practices.
+80
Labor Relations and Human Rights Practices
March 20
The Modern Slavery Statement highlights Andritz AG's proactive approach in identifying and addressing human rights risks within its operations. By conforming to international standards and implementing rigorous internal policies and employee training, the company demonstrates a strong commitment to upholding labor rights.
Modern Slavery Statement for the Reporting Period to 31 December 2023
+75
Supply Chain Ethics
March 20
The statement details extensive supply chain protocols, including supplier pre-qualification, regular on-site audits in high-risk regions, and adherence to a strict Supplier Code of Conduct. These practices indicate a proactive focus on eliminating forced labor and modern slavery risks within the supply network.
Modern Slavery Statement for the Reporting Period to 31 December 2023
- MAY012024
Andritz AG released a comprehensive modern slavery disclosure report detailing its strong policies against forced and child labour, outlining robust training, supplier screening, and ethical conduct measures.
+80
Labor Relations and Human Rights Practices
March 20
Andritz demonstrates strong commitment to protecting labor rights by explicitly rejecting forced and child labour in all of its business activities, as detailed in its disclosure report. The report outlines comprehensive employee training on ethics and a robust Code of Conduct to ensure fair treatment, which directly contributes to upholding human rights standards.
+75
Supply Chain Ethics
March 20
The disclosure report elaborates on Andritz's rigorous supply chain ethics, including a Supplier Code of Conduct that mandates adherence to high ethical standards and prohibits forced or child labour. The detailed due diligence and periodic audits ensure that its supply chain remains free from human rights abuses.
- SEP012023
A formal complaint has been filed alleging that Andritz AG supplied key technology for the controversial Xayaburi Dam on the Mekong River without taking adequate measures to mitigate severe environmental and human rights impacts. The complaint contends that this conduct violates internationally recognized ethical corporate guidelines, thereby harming communities and ecosystems across several Southeast Asian nations.
-80
Business Practices and Ethical Responsibility
March 20
Andritz AG’s involvement in the Xayaburi Dam project, by supplying critical technology without addressing the immense environmental and human rights concerns, reflects a blatant disregard for ethical corporate conduct. This negative business practice undermines international guidelines and the company’s responsibility to protect vulnerable communities impacted by such massive infrastructure projects.
-50
Economic and Structural Influence
March 20
The substantial contract and Andritz AG’s repeated involvement in multiple controversial projects, including the Xayaburi Dam, underscore the company’s significant economic influence. This engagement supports infrastructural ventures with questionable consequences for local communities and ecosystems, thereby contributing structurally to practices that undermine sustainable development.
- APR012022
Andritz AG has temporarily halted new business operations in Russia, signaling a deliberate move to avoid deeper economic collaboration with an authoritarian regime. This decision, reported in a Yale School of Management article, reflects a positive corporate stance aimed at reducing complicity in enabling oppressive state practices.
+70
Economic Collaboration
April 1
By suspending new business in Russia, Andritz AG is effectively limiting its economic collaboration with an authoritarian regime. This move reduces the company’s indirect support of a government engaged in human rights abuses and authoritarian practices, making it a positive step against the broader trend of complicity in oppressive economic structures.
Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain
- MAY222014
Andritz AG's role in supplying custom-built parts for the Xayaburi dam in Laos has raised significant ethical concerns due to the dam's potential to cause environmental degradation and adverse human rights impacts. The complaint calls on the company to conduct thorough impact assessments and mitigate harm to local communities affected by the dam, highlighting their complicity in adverse outcomes.
-50
Business Practices and Ethical Responsibility
March 20
Andritz AG supplied key technology components for the controversial Xayaburi dam project in Laos, which poses significant environmental risks and threatens the livelihoods and rights of communities in multiple countries. Despite having the leverage to address these issues through improved design and due diligence, the company’s slow response and limited remedial actions contribute to their negative ethical record in business practices, particularly in supply chain ethics and human rights considerations.
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Industries
- 332999
- All Other Miscellaneous Fabricated Metal Product Manufacturing
- 333241
- Food Product Machinery Manufacturing
- 333999
- All Other Miscellaneous General Purpose Machinery Manufacturing
- 333295
- Pulp, Paper, and Paperboard Industry Machinery Manufacturing