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Sustainability
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.
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
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.