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Sustainability at thyssenkrupp Materials Trading

As a globally operating trading company, 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 2021/2022

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.

Our Company Carbon Footprint, after our reduction efforts - mainly green energy and district heating - has been calculated to be 310 t of CO2 emissions for the business year 2021/2022.

However, our commitment goes beyond mere numbers. We've carefully selected high-quality carbon removal projects of the Oxford Categories 4 and 5. They ensure effective emission reductions and undergo scientific verification for credibility and positive ESG impact. Our selections stand as evidence of our commitment to maintaining credibility and creating a positive Environmental, Social, and Governance (ESG) influence.

With the offsetting of our currently unavoidable emissions through high-quality carbon credits, we have taken the first step in MX to make a voluntary contribution to climate protection. Naturally, OU Materials Trading is committed to reducing its own CO2 emissions as much as possible by 2030. What is crucial for achieving the UN climate goals is going beyond that. We wanted to be pioneers and believe that this will set an example.

Wolfgang Schnittker,
CEO thyssenkrupp Materials Trading

We've chosen two tech-driven initiatives and one nature-focused approach to mitigate our carbon footprint. One project creates carbon-negative cellulose fiber insulation (CFI) from renewables, storing tree-derived carbon for decades and removing 1.11 tons of CO2 per ton of insulation. The second initiative recycles thermal waste using Accelerated Carbonation Technology (ACT) to store CO2 as stable carbonates, reducing disposal costs and producing eco-friendly materials. A nature-based project restores 226,000 hectares of tidal wetlands, cutting 142 million tons of CO2 equivalent emissions, aligned with 12 SDGs.

To make this process seamless, thyssenkrupp Materials Trading proudly introduces 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

At thyssenkrupp Materials Services, we have set ourselves the goal of being climate neutral by 2030. We at Materials Trading in particular want to lead the way. To achieve this, we are proactively offsetting our remaining emissions with high-quality carbon credits every year, starting with fiscal year 21/22. Through this, we invest in carbon removal and avoidance projects that lead to an effective reduction of emissions.

Adam Strzyz
CFO thyssenkrupp Materials Trading