As part of this renewed commitment, Primetals Technologies aims to increase the percentage of female engineers and project managers by 10 percent by 2027.
Heavy industries have traditionally been male dominated. Women represented only 15 percent of the steel industry workforce globally in 2020, according to the World Steel Association. To reach its new gender goal, Primetals Technologies has launched a detailed action plan focused on fostering diversity, equity, and inclusion across the organization.
Broader Sustainability Goals
The agreement is also linked to sustainability and social responsibility goals. These include increasing the share of order intake related to greenhouse gas reduction and improving resource efficiency through research and development. Additional metrics focus on creating a safe and healthy work environment for all employees at Primetals Technologies.
As a global organization operating in more than 60 locations, Primetals Technologies trades several financial market instruments with institutions worldwide to manage currency risks. A substantial portion of these arrangements is linked to ESG goals.
Under the agreement with Deutsche Bank, which will be applied in compliance with local requirements, if Primetals Technologies fails to meet its gender or sustainability goals, it will be required to pay a predefined sum to a designated charity.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany, with strong European roots and a global network.
