Swedish rolled aluminium firm Gränges AB announced this week that it has achieved the Platinum rating from business sustainability ratings service EcoVadis. Such a ranking places Gränges in the top one percent of the more than 75,000 companies the service assessed in 2021.
Gränges says the ranking is proof positive of its successful integration of sustainability principles into its operations. The firm notes that it received high rankings across the four main areas assessed by EcoVadis, namely environment, labor and human rights, sustainable procurement, and ethics.
Sofia Hedevåg, SVP Sustainability at Gränges, said in a related press release that her firm is very happy with the distinction.
“We are very proud that Gränges has been awarded a Platinum medal by EcoVadis. It demonstrates our strong commitment to sustainability and many important actions taken to develop lighter, smarter, and more sustainable aluminium products and solutions.”
Jörgen Rosengren, President and CEO at Gränges, said the ranking revealed several positives about the firm.
“The recognition inspires us to continue improving our customers’ sustainability performance as well as contributing positively to a circular and sustainable economy. It also shows the strength of our structured way of working when integrating sustainability into our business and value chain.”
Begun in 1873 in Stockholm, Sweden as Trafik AB Grängesberg-Oxelösund, Gränges AB was resurrected in 2013 as a private company specializing in rolled aluminium heat exchangers. It employs almost 1,800 employees at the present time at two plants – one in Finspång, Sweden, that opened in its present configuration in 1972, and a second in Shanghai, China, opened in 1996. The firm boasts a total nameplate capacity of 420 thousand metric tons per annum and an annual sales total of SEK13 billion (US$1.35 billion).