Glossary

Austrian Emissions Allowances Act (EZG)

Austrian Emissions Allowances Act with regard to the emissions trading system to reduce greenhouse gas effects

Batch radar

A measuring system that maps the topography of the input material (batch) in the blast furnace by using radar sensors and temperature measurement; it reports the data to process management in real time.

BTEX

Acronym for the volatile, aromatic hydrocarbons benzene, toluene, ethylbenzene, and xylene.

Corporate Governance: L rules, C rules, R rules

Rule categories pursuant to the Austrian Corporate Governance Code:

L rule: (legal requirement): The rule is based on mandatory statutory provisions

C rule (comply or explain): Rule should be complied with; any deviation must be explained and a reason provided in order to be in compliance with the Code

R rule (recommendation): Rule that is in the nature of a recommendation; non-compliance need not be disclosed or explained

(Source: Austrian Corporate Governance Code, version July 2015, Austrian Working Group for Corporate Governance, www.corporate-governance.at)

EBIT

Earnings before interest, taxes, depreciation, and amortization
Profit before taxes, equity interests of noncontrolling shareholders, and financial result

EBITDA

Earnings before interest and taxes
Profit before taxes, equity interests of noncontrolling shareholders, financial result, depreciation, and amortization

EMAS

ECO Management and Audit Scheme
Regulation of the European Parliament and the Council of Europe on the voluntary participation of organizations in a Community eco-management and audit scheme

Fraud

Theft, fraud, embezzlement, breach of trust

FTE

Full-time equivalent
A full-time employee corresponds to a full-time equivalent of one, part-time employees are taken into account on a pro-rata basis corresponding to their working hours

Funnel & Gate System

A funnel & gate system consists of a cut-off or containment wall (funnel) that conducts groundwater flows through the activated carbon vessels (gates) that are integrated into the cut-off wall. Due to its large specific surface, activated carbon has the capability of adsorbing contaminants in the groundwater and attaching them onto the surfaces of the activated carbon.

HBI/DRI technology

Direct reduction of iron ore by means of reduction gas; the product is direct reduced iron (DRI) or hot briketted iron (HBI).

Headcount

Actual number of individual employees

Load per annum

The amount of certain substances that are introduced into wastewater or air, aggregated over the course of the year.

Life Cycle Assessment (LCA)

Systematic analysis of the environmental impact of products during their entire life cycle, taking economic, social, and technical aspects into account, in order to achieve an objective assessment

Maraging steels

A group of high-strength steels that are also very tough (“mar” from “martensite” + “aging”); used for hot work steel (tool steel for applications at an elevated temperature), for example.

OHSAS 18001

Certifiable occupational safety management