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Climate strategy and targets
Climate neutrality is a challenge for the whole society
The Paris Climate Agreement from 2015 is an important step towards keeping the increase of global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C. All states who signed the agreement are obliged to emit less greenhouse gases into the atmosphere than can be removed by sinks like forests or by using future technologies. The objective is climate neutrality on national levels. In comparison to today, this means an almost complete reduction of greenhouse gas emissions – most of all of CO2.
Current research studies like the reports of the IPCC (Intergovernmental Panel on Climate Change) are increasing the awareness in politics and society for the necessity to act fast and ambitious.
thyssenkrupp aims to become climate neutral by 2050 at the latest and sets ambitious targets for 2030
Since many years we systematically drive the energy and climate efficiency of our production and together with our customers, we develop efficient solutions to reduce greenhouse gas emissions. Our climate action efforts are also acknowledged externally on a regular basis. For the sieventh year in a row, thyssenkrupp was awarded with the CDP A-List in 2022. We have thus once again been recognized as one of the world's leading companies in climate protection.
Now we are taking the next steps in our climate strategy and set ourselves ambitious targets. Until 2050 at the latest and far earlier in some businesses and countries, we strive to become climate neutral. This ambition includes our direct emissions (scope 1), the indirect emissions from purchased energy (scope 2) as well as the indirect emissions in our value chain (scope 3).
As an important step towards climate neutrality, we have set ourselves ambitious targets also for 2030: we want to reduce the sum of our direct emissions (scope 1) and of our emissions from purchased energy (scope 2) by 30% compared to 2018. In addition, we aim to reduce the indirect emissions in our value chain by 16%.
The Science Based Targets initiative has assessed our targets carefully based on the latest climate science and officially confirmed that they are in line with the goals of the 2015 Paris Agreement.
The new SBTi Net Zero Standard, along which we align our targets/strategy and will have them verified, is the leading international standard for validation of ambitious climate targets. It follows the 1.5 °C target of the Paris Climate Agreement and requires at least 90% reduction of our own emissions (Scope 1), from energy purchases (Scope 2) and in the supply chain (Scope 3) by 2050. For more than 95% of our emissions, we have been committed to the Net Zero Standard since November 2021, with an earlier target of achieving climate neutrality as early as 2045.
We pursue our climate targets within our Climate Action Program
To systemize our efforts in pursuing our climate targets we have initiated our groupwide Climate Action Program for Sustainable Solutions (CAPS). Within its three pillars #IMPLEMENT , #ENABLE und #ENGAGE we bundle our activities to most effectively realize synergies.
The three pillars of our Climate Action Program