CEO Guido Kerkhoff: “The threats posed by climate change affect us all. As an industrial company with operations around the globe we are in a particularly good position to reduce greenhouse gas emissions through sustainable products and processes. We take this responsibility very seriously and have received several awards for this in recent years. Now we are setting ourselves clear targets for 2030 and 2050 as the next logical step.”
In February, Thyssenkrupp was named as a global leader in climate protection for the third year in a row by the non-governmental organization CDP, which assesses whether companies have formulated a coherent strategy on how to further improve their own environmental performance as well as that of customers and suppliers. Thyssenkrupp once again achieved the highest score possible and was placed on CDP’s global “A List”. The list includes roughly 130 businesses worldwide and only five DAX companies.
The targets now announced take in Thyssenkrupp’s own production operations, the energy it purchases and its products. In steel production, for example, Thyssenkrupp is currently pursuing two approaches to reducing CO₂ emissions: The Carbon2Chem project, which is expected to be available on an industrial scale before 2030, and the so-called hydrogen route, which should take full effect by 2050 and make the biggest contribution to directly avoiding CO₂. Carbon2Chem converts steel mill emission gases, including the CO₂ they contain, into valuable chemicals. Thyssenkrupp’s hydrogen route involves replacing coal with “green” hydrogen as the reducing agent for blast furnaces so that in the long term no CO₂ is created in the production of steel. These technologies are being funded by the German federal government and the state of North Rhine-Westphalia.
Under its Climate Action Program for Sustainable Solutions (CAPS) Thyssenkrupp will also systematically work to make its products carbon neutral. The Group already offers a technology for the cement industry that permits CO₂ emissions from the combustion processes to be captured for subsequent storage or processing.
Other key areas include the e-mobility sector, where Thyssenkrupp supplies battery production lines and special steels for electric motors. The Group is also actively involved in the development of energy storage solutions, for example with electrolysis systems that convert electricity into hydrogen. These storage systems allow a constant supply of electricity from renewables regardless of the weather.
Dr. Donatus Kaufmann, Board member responsible for technology, innovation, sustainability, legal and compliance: “Our goals are ambitious but achievable. Our strategy for our steel operations alone will cut production-related emissions there by 80 % by 2050. But if we are to achieve our climate targets we need to make significantly more use of renewable energies. Also, there are no internationally harmonized financial incentives for investments in CO₂ abatement technologies. These are basic requirements for making a real change.”
_{(Source: thyssenkrupp AG)}