The Andritz Group, headquartered in Graz, Austria, is a worldwide supplier of plants, equipment and services for hydropower stations, the pulp and paper industry, the metal forming and steel industry, and solid/liquid separation.1 Andritz is not a participant of the UN Global Compact, however, Andritz Hydro is a member of the Austrian business council for sustainable development, respACT2.
The Austrian NGO Network Social Responsibility (NeSoVe for its German abbreviation) awarded Andritz with the “Eyesore of the Year” in 2014 for their involvement in these mega-projects, all of which have “tremendous negative ecological and human rights impacts.”
Various Investors have excluded Andritz from their investment universe, including FDC (Luxembourg Pension Fund) for breaching standards.
Investor information correct as at publication of Dirty Profits 3.
- Andritz Group (2014): http://www.andritz.com/gr-about-us (accessed 07.10.2014) [↩]
- respACT: https://www.respact.at/site/mitglieder/profilecsr/profile/748.html (accessed on 20.10.2014) [↩]