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European Climate Pact

Overview

Location

Salzgitter AG

Sector

Steel

Organisation type
Business

Company Information

Salzgitter AG is a listed German steel group based in Salzgitter. The Salzgitter Group employs a workforce of over24,000 employees worldwide. In the financial year 2021, they generated external sales of around 10 billion Euro.

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • Salzgitter AG has a target to reduce absolute scopes 1 and 2 CO2e emissions 50% by 2030 from a base year of 2018. This is a year-on-year reduction rate of 4.2% over the next 9 years

Pledge: Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance proces

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • Salzgitter AG have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022