Navigating our inaugural sustainability report

Third-Party Independent Inaugural Sustainability Report 2021 18 Audits and EcoVadis Medal Awards

All five of Neo’s flagship rare earth facilities, representing approximately 90% of revenue generated by the Company, are now operating in the EcoVadis tracking and reporting system. Leadership in global sustainability has been a key pillar of Neo’s long-term growth strategy.

Tianjin completed the EcoVadis survey in 2021.

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Zibo completed the EcoVadis survey in 2021.

Jiangyin completed the EcoVadis survey in 2021.

Sillamäe completed the EcoVadis survey in 2021.

• Korat will maintain current survey status through 2021.

Notable accomplishments by several of our largest facilities in the EcoVadis Audits are these:

  •  Neo’s European rare earth and rare metal processing facility in Sillamäe, Estonia – the only operating commercial rare earth separations and rare metal processing plant in the European Union – was awarded a Gold Medal by EcoVadis for its 2021 sustainability programs. This places the plant in the top five percent of all facilities around the world reporting to EcoVadis for its sustainability efforts.
  • Neo Magnequench’s rare earth magnetic materials production plant in Korat, Thailand earned a Gold Medal from EcoVadis for its 2021 sustainability programs. This places the plant in the top five percent of all facilities around the world reporting to EcoVadis for its sustainability efforts.
  • Neo Magnequench’s rare earth magnetic materials production plant in Tianjin, China earned a Silver Medal from EcoVadis for its 2021 sustainability programs. This places the plant in the top 25 percent of all facilities around the world reporting to EcoVadis for its sustainability efforts.

Note: External assurance was not pursued this year, as the team was focused on developing and institutionalizing initial internal processes.