Climate Protection and Energy
Strategy, targets and measures
SustainabilityStrategy and Targets
Sustainability is a core component of our corporate strategy. We aim to supply innovative products, technologies and services worldwide that contribute to the sustainable success of our customers.Together with our customers we are looking to the future, and our decision-making processes include both business considerations and ecological and social aspects. The basis for this is a 360 degree view of our value and production chains. In this way we improve our performance and strengthen the future of our company.
Organizational anchoring of our sustainability strategy
To systematically embed sustainability throughout the Group, thyssenkrupp has established clear governance structures. Two key bodies steer the strategic direction and operational implementation of our sustainability activities.
The company-wide Sustainability Committee oversees and further develops thyssenkrupp’s sustainability activities. This committee brings together our Group Executive Board, the segment CEOs, heads of Group functions, and internal sustainability experts.
The Committee takes all strategic decisions regarding sustainability at thyssenkrupp. This includes implementing innovative strategies, setting and monitoring sustainability-related goals, and regularly assessing and addressing the expectations of key stakeholder groups.
The Sustainability Council is responsible for the operational implementation of this strategy. It consists of representatives from thyssenkrupp AG’s business segments, service lines, and corporate functions, and is responsible for implementing key processes as well as coordinating data collection and initiatives.
Non-financial targets to secure continuous improvement
thyssenkrupp aims to continuously improve its sustainability performance. In this frame, the Sustainability Committee has set non-financial targets (NFT) in the areas of technology and innovations, environment, climate, energy, purchasing and people. Since fiscal year 2020 / 2021, we have been integrating sustainability activities gradually into the long-term compensation (Long-Term-Incentive - LTI) of the Executive Board and top-level management through the NFTs. Further details can also be found in the compensation report and in theannual report. Information on the NFTs can be found in the annual reporthere.
Considering the interests of various stakeholder groups is accorded high priority by thyssenkrupp and their requirements in respect of key sustainability matters are determined continuously via various processes. On this basis, we derive targets and actions for improving our sustainability performance and expand these as part of our ongoing strategic development.
Approach to our sustainability reporting
thyssenkrupp report on its sustainability performance continously in a separate section of its annual report and on its corporate website. The sustainability report for fiscal year 2024 / 2025 was prepared for the first time in full application of the first set of European Sustainability Reporting Standards (ESRS) of the Corporate Sustainability Reporting Directive (CSRD). Due to the lack of a national implementation law, the ESRS were applied as a framework. In addition, the legally binding HGB requirements for a non-financial group statement based on the International Financial Reporting Standards (IFRS) are fulfilled. The company does not publish a printed sustainability report.
Double materiality assessment
The sustainability topics that are material to thyssenkrupp and our stakeholders follow the principle of double materiality in accordance with the requirements of the ESRS, which specify the reporting obligations of the CSRD. As part of this assessment, we consider both the impact of our business activities on the environment and society (inside-out perspective) and the risks and opportunities caused by external influences on our business model (outside-in perspective) in terms of their economic relevance. The multistage assessment process is described in detail in theannual report.
Reporting boundary
Our sustainability reporting system is based on the reporting boundary of our financial reporting, which in turn is based on IFRS standards and the German Commercial Code (HGB). Unless otherwise stated, the information refers to all fully consolidated operations. In accordance with IFRS we also report on our 50% shareholding in Hüttenwerke Krupp Mannesmann GmbH (HKM).
Reporting cycle
Our annual report includes key information for the fiscal year, which at thyssenkrupp starts on 1st October and ends on 30th September. Additional reporting on the webpage takes place on an ongoing basis and is not tied to a specific reporting cycle. Performance indicators refer to a fiscal year. Unless otherwise indicated, the data always refer to the past fiscal year.
Data collection process
The sustainability reporting includes a large amount of data collected via a variety of data systems. These data systems are adapted to the specific challenges of the area involved. All content in the annual report is audited externally.
Overview of non-financial disclosures (sustainability report)
The full non-financial disclosures pursuant to Art. 289b ff. and Art. 315b ff. of the German Commercial Code (HGB) is contained in a separate chapter "Sustainability report" in the annual report. The sustainability report also fully complies the requirements of Directive (EU) 2022/2464 of the European Parliament and of the Council of December 14, 2022 (Corporate Sustainability Reporting Directive, CSRD) as a framework. The information contained in the sustainability report applies equally to the group and to thyssenkrupp AG. In addition, the Sustainability Report contains the information required under Article 8 of Regulation 2020/852 (EU Taxonomy Regulation).
The followingreconciliation of non-financial disclosures to the ESRS shows how the sustainability aspects are reconciled in accordance with HGB requirements to the ESRS topical standards that are material to thyssenkrupp. It also shows in which sections of the annual report these aspects are located. Further information is available on the relevant pages of the thyssenkrupp website.
ESG Ratings
ESG rating agencies assess a company's engagement in sustainable business practices. The rating results, known as score, enable transparency as well as comparability of a company's sustainability performance with respect to environmental, social and governance factors. Various stakeholder groups such as investors, customers and creditors demand ESG ratings as a prerequisite for business relationships.
Leading rating agencies regularly recognize thyssenkrupp's engagement in environmental, social and responsible corporate governance with good results.
We regard the ratings by the rating agencies as valuable feedback on our sustainability performance. We use the results as an opportunity to analyze our sustainability activities, continuously drive improvements and integrate new requirements into our sustainability management. By comprehensively aligning our sustainability reporting with the CSRD in the 2024/2025 financial year, we are increasing the transparency of our key sustainability data. This improves the information basis for ESG rating agencies and represents an important influencing factor for possible positive developments in our future rating results.
thyssenkrupp consisting of industrial and technology businesses. The rating assessments listed below are answered by thyssenkrupp AG and relate to the sustainability performance of the whole company.
Current Overview of ESG Ratings
FAQ
We have compiled answers to frequently asked questions about sustainability at thyssenkrupp for you. You can also find further information on our topic pages, for example on the environment and energy or compliance. The Sustainability Team is available to provide additional information or to discuss thyssenkrupp’s sustainability strategy in detail.
Where can I find thyssenkrupp’s sustainability report?
thyssenkrupp reports on its sustainability performance on an ongoing basis, fully integrated into its annual financial reporting and on this website. Accordingly, the sustainability report consists of various documents. Links to all key content can be found on the sustainability overview page.
Can you send me a printed sustainability report?
As neither our website content nor our annual report is published in printed form, the content is only available online.
Who is responsible for sustainability at thyssenkrupp?
At thyssenkrupp, responsibility for sustainability lies with the Executive Board and the Sustainability Committee. Activities are coordinated by the corporate function Technology, Innovation, and Sustainability. Click here to find out more.
How does thyssenkrupp manage the area of human rights?
Human rights play a relevant role in various management processes at thyssenkrupp. Accordingly, our human rights policy is made up of various documents, above all the Code of Conduct, the Supplier Code of Conduct, further policy for Occupational Safety and Health, and the International Framework Agreement. It is therefore implemented in particular in the thyssenkrupp's processes relating to compliance, responsible procurement and employee rights.