Glossary

CFSI (Conflict Free Sourcing Initiative)

Reporting guidelines for conflict resources

CO₂-e

CO₂ equivalent, unit for standardizing climate impact of various greenhouse gases

Conflict-free

“Conflict-free” raw materials as defined by the Dodd-Frank Act

Conflict minerals

Raw materials mined or extracted in conflict or high-risk regions

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)

Dodd-Frank Act

US Federal Act obliging companies to avoid using raw materials sourced from conflict regions

EBIT

Earnings Before Interest and Taxes
Earnings before taxes, equity interests of non-controlling shareholders, and financial result

EBITDA

Earnings Before Interest and Taxes, Depreciation and Amortization
Earnings before taxes, equity interests of non-controlling shareholders, financial result, 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

FTE

Full-time equivalents; figure indicating number of full-time positions in the Group, calculated to take into account part-time employees on a pro-rata basis corresponding to their working hours

HBI (Hot Briquetted Iron) / DRI (Direct Reduced Iron) technology

Direct reduction of iron ore by means of reduction gas; the product is solid sponge iron (DRI) or sponge iron pellets (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

MPa

Megapascal, unit of tensile strength

Scope 1, 2 and 3

Emissions categories in accordance with the Greenhouse Gas Protocol

USP

Unique selling proposition, distinguishes a product from its competitors