German sustainability rating agency imug awards Pyrum 72 out of 100 possible points
Pyrum Innovations AG (Pyrum), a pioneer in the sustainable recycling of end-of-life tyres (ELTs) based on its patented pyrolysis technology, has achieved 72 out of 100 points in imug's ESG rating. The company's overall sustainability performance is therefore rated as "very good". The rating by imug, one of the leading sustainability rating agencies in Germany and a specialist in environmental, social and governance (ESG) research, was carried out in the first quarter of 2023 and is based on several areas of investigation. Pyrum scored particularly well in the area of "products and services", where the company received full marks. Here, imug analysed Pyrum's business model and assessed how the company's products and services make a positive contribution to environmental or social development.
Pascal Klein, CEO of Pyrum Innovations AG: "With Pyrum, we are making a decisive contribution to the transformation of the economy towards a sustainable circular economy. Our pyrolysis technology is the leading process for the recycling of end-of-life tyres. The Fraunhofer Institute has already confirmed in a 'Life Cycle Assessment' that we save up to 72% more CO2 than the current recycling mix in Germany. We are very proud that all these advantages have now also contributed to our very good rating in the imug sustainability rating."
Previously, Pyrum Innovations AG achieved silver status in the EcoVadis sustainability ranking and had its environmental and quality management system certified to two ISO standards. With imug's independent assessment of the company's sustainability performance, Pyrum can once again strengthen its credibility in its communication with all stakeholders. The rating also provides a basis for sustainable financing and uncovers further potential for sustainability management.
Press release by Pyrum Innovations AG.