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Company News, 2009-08-20, 10:26 AM

ThyssenKrupp Steel publishes 2nd Sustainability Report on the Internet

Sustainability is also an issue in times of economic crisis: With the recently published second Sustainability Report, ThyssenKrupp Steel wants to demonstrate that this philosophy is still important, even in a difficult economic situation. “In order to cushion the impact of the crisis, we have taken cost cutting measures, also with a view to sustainability. But I have to stress that only an economically sound company can survive in the competition and preserve and create safe jobs“, says Edwin Eichler, Chairman of the Executive Board of ThyssenKrupp Steel AG in the preface. To save costs, the report will not be available as a printed version. It can be viewed and downloaded as PDF file on the Internet under: The Sustainability Report 2009 is the sequel of the report published in May 2006 and covers the fiscal years 2005/2006 through 2007/2008.

The sustainability philosophy of ThyssenKrupp Steel is based on the classic concept of the United Nations. All decisions and actions are designed to contribute to a sustainable development which fulfils the needs of the present generation without depriving the following generations of their possibilities of satisfying their own needs. ThyssenKrupp Steel can meet its obligations resulting therefrom towards employees, customers, authorities, the society and the environment now and in future only if the company remains successful in the market in the long run. On that note, economic necessity is linked with ecological and social responsibility.

Many problems cannot always be clearly classified within the classic triangle “Environment – Economy – Society”, which is only an inadequate expression of day-to-day business with its various implications. The sustainability concept of ThyssenKrupp Steel addresses these interdependencies, assigns priorities and integrates the central aspects comprehensively, always focusing on maintaining the present and future ability to act of the company. This ability is safeguarded by carefully weighing up the different interests in exchange with all stakeholders in the social environment. This understanding is reflected in six factors of success: Effectiveness, efficiency, resources, protection against burdens, solidarity and fairness.

The English version will soon be posted on the Internet.

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