Our sustainable goals: 30% less emissions by 2030, climate neutral by 2050

Sustainability – one of our main topics for many years. Climate protection plays a key role in this. For the third time in a row, the non-governmental agency CDP awarded us the highest rating and placed us on the "Climate A List" – an award for our climate protection. Therefore, it is only logical that we have set ourselves a particularly ambitious target for the future: be climate-neutral from 2050 onwards. We have summarized which technologies play a special role in this – and where we are today.

By 2050, we will achieve clearly visible and measurable savings in greenhouse emissions. In 11 years, for example, we will reduce emissions from our production and from purchased energy are by 30%. In addition, we reduce by 16% emissions resulting from the use of our products.

Climate strategy in line with the Paris Climate Agreement

We based our climate strategy directly on the 2015 Paris Climate Agreement, a landmark agreement signed by 175 countries that provides for a net-zero of greenhouse gas emissions in the second half of the century. Net-zero means that emissions that are unavoidable in one place are off-set by appropriate technologies in another place.

CEO Guido Kerkhoff is very conscious of the responsibility that our company bears for climate protection: "The threats posed by climate change concern us all. As a globally active industrial company, we have a particularly large lever to sustainably reduce greenhouse gas emissions with resource-conserving products and processes. We take this responsibility very seriously. In recent years, we have received a number of awards for this. Now we are setting ourselves clear targets for 2030 and 2050, which is the next logical step."

Innovative technologies make steel production more sustainable

Our steel production, for example, plays a pioneering role. Here we already pursue two innovative approaches that significantly reduce CO2 emissions. The first is the Carbon2Chem project, for which we expect large-scale industrial use before 2030. The other one is the so-called hydrogen route, which is to become fully effective by 2050.

Carbon2Chem converts the exhaust gases produced in steel production, which contain large amounts of CO2 among other substances, into valuable chemical raw materials. These can then be used to produce many useful products such as fuel, fertilizer or synthetics.

The hydrogen route is based on the use of "green" hydrogen, which is to augment and later replace coal as a reducing agent, so that in the long term no CO2 will be produced during steel production. The federal government of Germany and the state of North Rhine-Westphalia support both technologies.

In addition, we are continuing our GEEP program to increase Group-wide energy efficiency and are also promoting the use of renewable energies in our own production.

Climate targets from thyssenkrupp: always towards climate neutrality

As part of the Climate Action Program for Sustainable Solutions (CAPS) we are also systematically developing our products in the direction of climate neutrality. For example, with OxyFuel, we offer a technology for the cement industry that separates CO2 emissions from combustion processes. Then we can store or process them. And in the area of sustainable mobility, amongst other things we are working together with European partners on the production of alternative fuels from CO2 and biomass. Compared with conventional fuels, these can reduce CO2 emissions by up to 90 percent.

Expansion of renewable energy plays an important role in climate strategy

Further focal points of our new climate strategy are the expansion of the electromobility sector with production facilities for battery production and special materials for electric motors. In addition, we are active today in the development of energy storage systems and are building electrolysis plants for converting electricity into hydrogen. This makes it possible to continuously use renewable energies, where the supply fluctuates depending on the weather conditions.

Board member Dr. Donatus Kaufmann, responsible for Technology, Innovation, Sustainability, Legal and Compliance is certain: "Our goals are ambitious but achievable. With our strategy for steel alone, we can reduce our production-related emissions 80% by 2050. To achieve our climate targets, however, we need significantly more renewable energies. There is also a lack of internationally harmonized financial incentives for investments in CO2 abatement technologies. These are basic prerequisites for really making a difference."