GlobalData offers a comprehensive analysis of ThyssenKrupp, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on ThyssenKrupp‘s ESG performance. GlobalData’s company profile on ThyssenKrupp offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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ThyssenKrupp, a global industrial conglomerate, has set target for net zero by 2045. ThyssenKrupp has specific goals related to scope 1, scope 2, and scope 3 emissions, which include direct emissions from its operations, indirect emissions from energy generation, and emissions from its value chain. The company aims to achieve a 30% reduction in scope 1 and 2 emissions, and 16% reduction in Scope 3 emissions by 2030 compared to baseline in 2018. In 2022, the Kiel site, which accounts for a majority of teh company's emissions reported 3,218 t CO2e of Scope 1 emissions and 8,307 t CO2e of Scope 2 emissions.
The company recognizes the importance of reducing GHG emissions to prevent the worst impacts of climate change and ensure sustainable business growth. It follows science-based targets, which provide a clear pathway for emission reduction. ThyssenKrupp has taken several steps to reduce emissions and has achieved notable progress. The company has implemented a group-wide Energy Efficiency Program (GEEP) to improve energy efficiency and reduce emissions. It has also invested in renewable energy sources and procures 100% of its purchased electrical power from renewable sources since January 2022. Additionally, ThyssenKrupp has replaced heating oil-powered boilers with natural gas-powered combined heat power plants and upgraded lighting systems to LED lighting for energy savings.
In terms of waste management, ThyssenKrupp follows the European waste hierarchy, prioritizing waste avoidance, recycling, and responsible disposal. The company has achieved high recycling rates, with a recovery index of 97-98% for both hazardous and non-hazardous waste.
In conclusion, ThyssenKrupp is committed to achieving net-zero emissions and has taken significant steps to reduce its carbon footprint. The company has implemented energy efficiency measures, invested in renewable energy sources, and prioritized waste management. While specific emission trends are not provided, ThyssenKrupp's efforts align with the global goals of mitigating climate change and promoting sustainability.
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