This is the weekly ESG Wrap, which highlights Featured 9fin ESG content such as TLDRs for all deals, news stories that have interested the ESG team this week, and 9fin ESG product updates.

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Primary analysis

ams OSRAM — ESG QuickTake (9fin) (13 Nov)

TLDR: ams OSRAM has not set SBTi-verified emissions targets. Although ams OSRAM reports actions it has taken to improve the proportion of renewable electricity (FY 22: 39%), it does not report any time-bound targets. No relevant penalties or fines of over €10k were imposed on ams OSRAM because of breaches of environmental protection rules in FY 22. The company’s EU taxonomy-eligible revenue as a percentage of total turnover was 26% in FY 22 (capex: 59%, opex: 17%). The group does not highlight taxonomy alignment. The group’s approach to conflict minerals is generally in line with good practice, although it is unclear whether it conducts supplier auditing.