AMAG (ESG Profile) | An Austrian ESG leader with a low free float

Research evidence excerpt

AMAG (ESG Profile) | An Austrian ESG leader with a low free float

ESG profile: AMAG

Austria | Metals & mining | MCap: EUR 994.4m

Release date: 18 May 2026

Julien Rault In coordination with ESG Research Team

Equity Research Analyst Josep Pujal | jpujal@keplercheuvreux.com | +33 1 5365 3526

jrault@keplercheuvreux.com Alina Moldovan | amoldovan@keplercheuvreux.com | +33 1 70 98 85 84

+33 1 73 01 07 24 Anastassios Adamopoulos | aadamopoulos@keplercheuvreux.com | +44 207 621 5187

Paul Marsland | pmarsland@keplercheuvreux.com | +44 207 621 5160

ESG Highlights: An Austrian ESG leader with a low free float

• Governance: Strong governance and board, despite the company’s low free float and lack of gender diversity.

• Environment: Positive impact beyond greenhouse emissions: 86% of revenues are taxonomy-aligned and 75-80% of

resources are obtained through the recycling of aluminium scrap.

• Social: Declining accident and employee turnover rates.

ESG Profile

ESG scoring 4.1/5

Governance factors Environmental and Social factors

Board Own footprint

Climate change

Value Chain

impact / taxonomy

Ethics / corruption Remuneration

Product

Health & Safety

responsibility

Integrity / Shareholder's

reporting rights

Working conditions

ESG scoring synthesis

Topic Score (1/5) Weight Comments

Board 4.6 10.0 Good independence and experience, but lack of gender diversity.

Remuneration 3.5 10.0 Sound alignment between CEO pay and company performance, STI and LTI.

Shareholder's rights 2.5 10.0 Majority shareholder - 6% free float.

Integrity/reporting 5.0 10.0 Clean reporting and clean audit opinions.

Ethics/corruption 5.0 10.0 No controversies reported.

Subtotal Governance 4.1

Own footprint 3.2 20.0 Unambitious targets in cutting scope 1 and 2 emissions.