Metals & Smelting

Metlen Energy & Metals sustainability score: 27/100

27/100
Significant gaps-8 since last review
1st of 2 in Metals & Smelting

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About Metlen Energy & Metals

Metlen Energy & Metals is a Greek conglomerate operating primary aluminium smelting, bauxite mining, alumina refining, and thermal power generation across Europe and globally. Listed on the Athens and London stock exchanges, it manages over 2GW of gas-fired capacity and ~1.4GW of renewables under development.

More about Metlen Energy & Metals

One of Europe's largest bauxite producers.

Head office GreeceStaff ~5,442 (2022)Revenue ~€5.68BWebsite ↗

Our verdict

Metlen operates 2GW+ of gas generation while adding 826MW of new fossil capacity in 2024, undermining its -30% by 2030 absolute emissions target. Emissions disclosures rely on intensity metrics rather than absolute data. Third-party verified operations (EU ETS, ASI certification) exist, but public absolute figures remain opaque.

Metlen Energy & Metals scores 27/100 (Significant gaps) on SINK's independent climate assessment, scored from public data only. Scores are free. Companies can never pay for anything about their own score. Last verified August 2026.

That places Metlen Energy & Metals joint 759th of 934 companies scored, and 1st of 2 in Metals & Smelting.

The ten questions

What is Metlen Energy & Metals doing well, and where does it fall short?

Strongest on Controversies & Red Flags and Transparency & Accountability (8/10, 6/10). Weakest on Emissions Trajectory and Targets & Commitments (3/10, 3/10).

What's missing

Where Metlen Energy & Metals lost points

For each question that lost points, the evidence our public rubric looks for that we didn't find.

  • Emissions from its own operations5/10No full Scope 1 and 2 figures worked out to the GHG Protocol.
  • Emissions from its supply chain4/10Most of its supply-chain (Scope 3) emissions aren't measured.
  • Whether its emissions are falling3/10No evidence its emissions are falling, not even from energy bills or mileage.
  • How clean its energy is4/10Less than half its energy shown to be renewable, or no transition plan.
  • Its effect on nature4/10Its effect on nature isn't measured or independently verified.
  • How it uses materials and handles waste5/10No measurable waste or recycling targets reported publicly.
  • Its effect on water5/10No measured water footprint with reduction targets.
  • Its climate targets3/10No specific targets with dates.
  • How openly it reports6/10No annual impact report, or no pay linked to climate targets.

A score changes when the evidence does. We use new published evidence at the next rescore. Anyone can send us new evidence, free. How to send it.

The calculation

How is Metlen Energy & Metals's SINK score calculated?

Same ten questions for every company. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale
Industry base impact
Metals & Smelting sector ceiling.
20 / 100
Performance score
Sum of the ten questions, each scored 0 to 10.
47 / 100
Raw score
Weighted average before scale penalty.
(0.3 × 20) + (0.7 × 47) = 38.9
Scale penalty
Multiplier based on total emissions. Bigger polluters lose more.
× 0.7
Final score
Rounded. Significant gaps.
27 / 100
How this score has moved

Has Metlen Energy & Metals's score changed?

Metlen Energy & Metals's score has moved from 35 to 27 across 3 recorded reviews, down 8 points.

0255075100352 August 20262718 August 20262718 August 2026
  1. 27 → 2718 August 2026

    Direction-blind emissions retrieval (agent-fed): basis not-retrieved->disclosed, scale 0.7->0.7, score 27->27. Primary: Metlen 2025 Integrated Annual Report — ESRS E1-6 GHG table.

  2. 35 → 27-818 August 2026

    Re-classified Energy Supply / Utilities[55] -> Metals & Smelting[20]; score 35->27

  3. Scored 352 August 2026

    Initial public score 35 (publish-draft)

Where the evidence comes from

What evidence is Metlen Energy & Metals's score based on?

14 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.

62% of them were published by Metlen Energy & Metals itself; the rest come from independent sources.

[14]Company disclosure (primary, assured)
Metlen 2025 Integrated Annual Report — ESRS E1-6 GHG table
2025
Q1
View →
[1]Self-reported
Sustainable Development & ESG Performance Report 2023

“Continuation of actions supporting the achievement of the main climate target to reduce CO2 emissions (Scope 1 & 2) by 30% by 2030 (base year 2019)”

2024
Q1Q2Q3Q4Q5Q7Q8Q9
View →
[2]Self-reported
MYTILINEOS Sustainable Development Report 2021

“Participates in the Emissions Trading Scheme (EU ETS), through the Metallurgy Business Unit (since 2005) and the Power & Gas Business Unit (since 2012).”

2021
Q1
View →
[3]Self-reported
Sustainable Development & ESG Performance Report 2022 (MYTILINEOS)

“The -15.5% absolute reduction, of direct and indirect CO2 emissions compared to base year 2019”

2022
Q1Q3Q8
View →
[4]Self-reported
Corporate Presentation October 2023 (MYTILINEOS)

“For the 3rd consecutive year, MYTILINEOS has disclosed its Scope 3 emissions across all categories.”

2023
Q2
View →
[5]Independent source
ASI Performance Standard Audit Report (Metlen Energy & Metals S.A., Certificate 156)

“Currently, 15% of the water filtrate is discharged into the sea and the remaining is recycled.”

2023
Q5Q6Q7
View →
[6]Independent source
ASI Membership Directory: Metlen Energy & Metals S.A.

“Certification Period: 16.10.2023 - 15.10.2026...Bauxite mining activities of the European Bauxites site.”

Ongoing
Q5Q10
View →
[7]Independent source
EIB Project Summary: 826 MW CCGT Power Plant (Mytilineos)

“This will include specialist monitoring of aquatic fauna in the Gulf of Corinth close to the site.”

2020
Q5
View →
[8]Self-reported
MYTILINEOS on SBTi Committed Companies List

“MYTILINEOS is one of the first Greek industrial companies to commit to the SBT initiative.”

2021
Q8
View →
[9]Self-reported
Metlen Green Finance Framework (October 2024)

“Metlen has set as an overall target to reduce its total direct and indirect CO2t-eq emissions (Scope 1 & 2) by 30% by 2030 (versus 2019 baseline)”

2024
Q8
View →
[10]Self-reported
Metlen Sets New Ambitious Strategic Targets for Net-Zero Emissions by 2050

“reduce the absolute emissions of the Metallurgy Business Unit by 65% and, respectively, the relative emissions by 75%...by 2030”

Unknown
Q8
View →
[11]Public record
Transforming Energy and Metals Worldwide (Bloomberg Sponsored)

“At the end of 2024, Metlen's installed renewable energy sources (RES) capacity surpassed 1.4 GW”

Unknown
Q4
View →
[12]Self-reported
AG Nikolaos CCGT 826 MW Combined Cycle Plant

“MYTILINEOS' total electricity generation will exceed 2,000 MW, not including production from Renewable Energy Sources”

Unknown
Q4
View →
[13]Public record
LobbyFacts: MYTILINEOS S.A. — EU Transparency Register

“Check out all LobbyFacts data on METLEN Energy & Metals as extracted from the EU lobby transparency register.”

Ongoing
Q10
View →

If you believe a source has been misread or a newer version exists, submit a challenge.

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    Metlen Energy & Metals: SINK sustainability score 27/100.

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Metlen Energy & Metals in context

How does Metlen Energy & Metals compare with other metals & smelting companies?

Metlen Energy & Metals is the highest-scoring metals & smelting company we've rated.

Among the 2 major metals & smelting brands we've scored, Metlen Energy & Metals sits 1st of 2.

1/2
Metlen Energy & Metals's rank
24
Industry average
21
Industry low
27
Industry high
1Metlen Energy & Metals
27
2ArcelorMittal
21
See all 2 in Metals & Smelting →
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