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Sustainability
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.
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 compensate 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 310 t CO² equivalent for the business year 2021/2022 (1st of October 2021 till 30th of September 2022).
To compensate such currently unavoidable emissions, the company has purchased Carbon Credits representing the same amount of 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 PwC.
For further information, please refer to the following links:
- thyssenkrupp AG Sustainability Webpage
- „Vermerk des unabhängigen Wirtschaftsprüfers zu Umwelt-, Energie- und Klimadaten 2021/2022“
All sustainability efforts of the business segment thyssenkrupp Materials Services can be accessed here https://www.thyssenkrupp-materials-services.com/sustainability-report/de
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.