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Circular economy stands out in Tupy’s Sustainability Report

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April 22, 2022

The document details the Company’s actions and Environmental, Social, and Governance (ESG) indicators

Tupy has released the new edition of its Sustainability Report. The initiatives reported are based on the Materiality Matrix, which defined indicators for managing the Company’s environmental, social and economic issues

With approximately 500 thousand tons of steel scrap per year transformed into high value-added products, Tupy promotes circular economy, bringing benefits to society and the environment. In 2021 it reached the important milestone of 97% of metal raw materials derived from recycling. In addition to reducing the extraction of non-renewable natural resources and avoiding landfill disposal, the initiative also minimizes greenhouse gas emissions, as each ton produced with scrap avoids the emission of 1.2 tons of greenhouse gases.

The report emphasizes initiatives related to commitment with people. In 2021, Tupy provided approximately 460 thousand hours of training sessions for its employees, a team that grew with the integration of the operations in Aveiro and Betim, acquired in October 2021. The Company also sponsors initiatives to the local community on several fields such as education, environment and health, impacting approximately 15 thousand people.

With net revenue of R$7.1 billion in 2021, the highest in its history, 60% higher than the previous year, Tupy seeks to integrate sustainable development and technological innovation, supplying the growing global demand for capital goods with solutions to cargo transportation, infrastructure, agribusiness, and power generation.

“Furthering our journey towards sustainable development requires more than engagement and purpose. It requires a highly trained team that continues in the pursuit for the best alternatives, aiming to ensure that the activities are safely, economically, and efficiently performed, causing the least possible environmental impact, both in our operations and in the conditions in which our products are used”, said Fernando Cestari de Rizzo, CEO of Tupy.

To access the report, access the link.

About Tupy

A Brazilian multinational company that develops and manufactures cast iron structural components with highly complex geometry and metallurgy. These engineering solutions are applied to the transportation, infrastructure, agribusiness, and power generation sectors, contributing to the quality of life of people, promoting access to health, basic sanitation, drinking water, and the production and distribution of food worldwide. The technological innovation involved in the design and manufacture of these parts has been the Company’s specialty throughout its more than 80 years of history. The production is concentrated in the Brazilian factories located in Joinville (SC) and Mauá (SP), and abroad, in the cities of Saltillo and Ramos Arizpe, in Mexico. The Company also has commercial offices in São Paulo, the U.S.A., and Germany

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