Sustainability

Contributing to the UN’s Climate Targets

thyssenkrupp Materials Trading

Sustainability at thyssenkrupp Materials Trading

As a globally operating trading company in raw materials and steel, we recognize that one of the greatest challenges of our time is the responsible use of the resources available to us. These resources are limited, unequally distributed, and crucial for our economy. Sustainable action is therefore indispensable to ensure that future generations will also have a tomorrow worth living. Sustainability is key to secure a better future for all, given its profound ecological, social, and economic implications, including the direct or indirect impact of climate change on every individual.

In practical terms, we adhere to the principle that we can only manage what we measure. Thus, we've diligently calculated our company's carbon footprint and taken proactive measures to offset it.

thyssenkrupp Materials Trading CO2 offset for the business year 2022/2023

In the midst of a world suffering with climate challenges, we've taken a deliberate step forward.

thyssenkrupp Materials Trading is embarking on measures to tackle unavoidable emissions while actively aligning with the UN's climate objectives. We're not merely complying with carbon regulations; we're proactively investing in Carbon Credit projects. Why? Because we believe in taking responsibility for our emissions, even when they are inevitable.

For the business year 2022/2023, our Company Carbon Footprint has been calculated to be 239 t CO² equivalent, encompassing both Scope 1 and Scope 2 emissions.

However, our commitment goes beyond mere numbers. We've carefully selected high-quality carbon removal projects classified under Oxford Category 4. They ensure effective emission reductions and undergo scientific verification for credibility and positive ESG impact. Additionally, these projects contribute positively to our Environmental, Social, and Governance (ESG) impact, reinforcing our dedication to sustainability and responsible corporate citizenship.

At thyssenkrupp Materials Trading, we are committed to reducing our CO2 emissions as much as possible by 2030. However, to achieve the UN climate goals, we need to go beyond that. That’s why we are offsetting our unavoidable emissions with high-quality carbon credits year after year. We have taken another step within thyssenkrupp Materials Services to make a voluntary contribution to climate protection. Our aim is to continue being pioneers in environmental sustainability
Wolfgang Schnittker,
CEO thyssenkrupp Materials Trading

We've chosen one nature-based and one technical-based project to mitigate our carbon footprint.

The technical-based project creates carbon net-negative cellulose fiber insulation (CFI) from renewables: Growing trees capture and store carbon in their biomass. Bio-based construction materials such as the cellulose fibre insulation retain the wood’s carbon storage capacity. Once installed, CO2 is locked away in durable building structures for decades. One tonne removes 1,11 tonnes of CO2e from the atmosphere.

The nature-based project aims to mitigate climate change, conserve biodiversity, improve local livelihoods, protect coastal areas, and create alternative livelihoods over 350,000 hectares in the Indus Delta, Sindh Province, Pakistan. Spanning 60 years, renewable up to 100 years, it will deliver GHG removals by restoring 226,000 hectares of degraded tidal wetlands.

To make this process seamless, thyssenkrupp Materials Trading introduced the VCC Desk, offering a comprehensive solution that includes the careful selection, procurement, and transparent retirement of emission reduction certificates. This centralized service caters not only to a company's emissions (Company Carbon Footprint) but also to a product’s emissions (Product Carbon Footprint) mitigation. Moreover, the Desk ensures a smooth experience for customers accessing the Voluntary Carbon Credit market with expert support.

Join us in shaping a sustainable future! Contact us for more information and collaboration opportunities.

Our sustainability and reduction measures

thyssenkrupp Materials Trading is committed on reducing their Scope 1 and 2 emissions. In accordance with the strategy of thyssenkrupp Materials Services, all group companies have set a reduction target for themselves. While thyssenkrupp Materials Trading’s emission reduction targets are mainly achieved through the purchase of green energy, investment in emission–saving vehicles and the use of district heating, the company has decided to additionally invest in climate protection projects by purchasing Carbon Credits in order to balance its currently unavoidable emissions and to make a voluntary contribution towards reaching the UN’s climate goals.

The Company Carbon Footprint (comprising Scope 1 and 2 emissions) of thyssenkrupp Materials Trading has been calculated to be 239 t CO_² equivalent for the business year 2022/2023 (1^st of October 2022 till 30^th of September 2023) compared to a value of 310 t CO₂ equivalent in the fiscal year 2021/2022.

To compensate such currently unavoidable emissions, the company has purchased Carbon Credits representing the same amount of CO₂ equivalent emissions - in the value of Scope 1 and 2.

The calculation of the Company Carbon Footprint is based on the specifications and methodology of the Greenhouse Gas Protocol (https://ghgprotocol.org/corporate-standard ). The overall Company Carbon Footprint calculation results for the thyssenkrupp group of companies were reviewed by KPMG.

For further information, please refer to the following links:

- thyssenkrupp AG Sustainability Webpage

- Annual Report 2023/2024 (German)

All sustainability efforts of the business segment thyssenkrupp Materials Services can be accessed here https://www.thyssenkrupp-materials-services.com/sustainability-report/de

We are happy to add a few more details to the project(s) selected by thyssenkrupp Materials Trading

Registry:                       Puro
Projectname:                Ekovilla
Project-ID:                    643002406801000039
Date of Retirement:      22.05.2024
Tonnage:                      120 tCO₂e

The Carbon Credits purchased have the following characteristics:

Nature based		Technical based		Oxford Category
Avoidance	Removal	Avoidance	Removal	Oxford Category
			x	4

Registry:                       Verra
Projectname:                Delta Blue Carbon - 1
Project-ID:                    VCS2250
Date of Retirement:      22.05.2024
Tonnage:                      120 tCO₂e

The Carbon Credits purchased have the following characteristics:

Nature based		Technical based		Oxford Category
Avoidance	Removal	Avoidance	Removal	Oxford Category
	x			4

Avoidance refers to the activity of avoiding the release of GHG – emissions into the atmosphere resulting in an overall GHG reduction in the atmosphere when compared to dynamically adjusted baseline levels (passive reduction).

Removals is the activity of actively removing greenhouse gases out of the atmosphere (active reduction).

The Oxford category, from 1-5 is a numeric indicator of how the Emission reduction has been achieved (see https://www.smithschool.ox.ac.uk/sites/default/files/2024-02/Oxford-Principles-for-Net-Zero-Aligned-Carbon-Offsetting-revised-2024.pdf ).

The following link provides reference of proof regarding the retirement on behalf of thyssenkrupp Materials Trading

Retirement Statement - Ekovilla

Retirement Statement - Delta Blue Carbon

Please note that Carbon Credits do not actively deduct emissions from a company’s footprint. Companies are obliged to actively reduce their emissions without the use of Carbon Credits when committed to SBTi (https://sciencebasedtargets.org/ ). A detailed guideline on how companies can use Carbon Credits can be found here: https://vcmintegrity.org/vcmi-claims-code-of-practice/

Even though the project has been verified by a scientifically backed methodology through the respective issuance body (registry), we perform additional quality checks on our portfolio to ensure credibility and beneficial impact on ESG performance of the respective project.

Contribute to climate protection

thyssenkrupp Materials Trading is taking the global climate crisis very seriously. We invite you to be part of our journey towards a sustainable future. Beyond mere compliance, we proactively financially invest in Carbon Credit projects, taking responsibility for our unavoidable emissions.

Join us in making lasting impact on combating climate change. Contact us today to explore further information and discover exciting collaboration opportunities. Together, we can turn aspirations into reality.

Learn more about Carbon Credits