Elkem

Earnings Release • Aug 13, 2024

Elkem rated in top 1% on sustainability by EcoVadis

Elkem rated in top 1% on sustainability by EcoVadis

Elkem has been awarded Platinum rating on sustainability transparency from

EcoVadis, one of the world's largest and most trusted providers of business

sustainability ratings. This positions Elkem among the top 1% of the companies

evaluated worldwide.

"At Elkem, sustainability is an integrated part of our strategy, and it is with

considerable pride that we acknowledge our top-tier sustainability rating from

EcoVadis. This rating is a recognition of our commitment to our partners,

stakeholders, and the communities we operate in. It reflects the efforts we make

in our operations and along our supply chain. I would like to thank our global

Elkem team for their dedication, which is instrumental in our ongoing

sustainability initiatives," says Elkem's CEO, Helge Aasen.

In 2023, Elkem completed the world's first pilot for carbon capture at a silicon

smelter in Rana, Norway, with capture rates up to 95%. Elkem also recently

received public support for their Sicalo-project, Silicon production with carbon

looping, which may eliminate all carbon emissions from their silicon production,

if realised.

The Platinum rating for 2024 is an upgrade from Elkem's Gold rating in 2023.

Since the last assessment, the overall score has increased thanks to the

implementation of additional policies, writes EcoVadis.

"The company demonstrates an advanced sustainability management system that

covers all four themes under review," writes EcoVadis in their evaluation of

Elkem.

For further information, please contact:

Odd-Geir Lyngstad

VP Finance & Investor Relations

Tel: +47 976 72 806

Email: odd-geir.lyngstad@elkem.com

Maria Ekornes Myhre

Acting VP Corporate Communications and Public Affairs

Tel: +47 994 12 707

Email: maria.ekornes.myhre@elkem.com

Elkem is one of the world's leading providers of advanced silicon-based

materials shaping a better and more sustainable future. The company develops

silicones, silicon products and carbon solutions by combining natural raw

materials, renewable energy and human ingenuity. Elkem helps its customers

create and improve essential innovations like electric mobility, digital

communications, health and personal care as well as smarter and more sustainable

cities. With a strong track record since 1904, its global team of more than

7,400 people has a joint commitment to stakeholders: Delivering your potential.

In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings

of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on

the Oslo Stock Exchange (ticker: ELK), where the company is also included in the

ESG Index. www.elkem.com