ESG Wrap — ams Osram set to amp up climate targets, Hawaii Electric engaged in lawsuits
- 9fin team
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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.