Thyssenkrupp AG
Thyssenkrupp AG, a prominent German multinational, is headquartered in Essen, Germany. Established in 1999 through the merger of Thyssen AG and Krupp, the company has evolved into a key player in the industrial sector, with significant operations across Europe, North America, and Asia. Operating primarily in the steel, automotive, and engineering industries, Thyssenkrupp is renowned for its innovative solutions in materials and components. The company’s core offerings include high-performance steel products, advanced automotive technologies, and cutting-edge industrial services, all distinguished by their commitment to sustainability and efficiency. With a strong market position, Thyssenkrupp AG has achieved notable milestones, including advancements in steel production and a focus on digital transformation. Its dedication to quality and innovation continues to solidify its reputation as a leader in the global market.
DitchCarbon Score
How does Thyssenkrupp AG's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Construction Work industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Thyssenkrupp AG's score of 63 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Thyssenkrupp AG's reported carbon emissions
In 2023, Thyssenkrupp AG reported total greenhouse gas emissions of approximately 27,900,000,000 kg CO2e, comprising 22,900,000,000 kg CO2e from Scope 1, 1,000,000,000 kg CO2e from Scope 2, and 4,000,000,000 kg CO2e from Scope 3 emissions. This marked a slight increase from 2022, where total emissions were about 25,800,000,000 kg CO2e. Thyssenkrupp has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2045. The company has also committed to reducing absolute Scope 1 and 2 emissions by 30% by 2030 from a 2018 baseline, and Scope 3 emissions by 16% from a 2017 baseline. Additionally, Thyssenkrupp Steel Europe AG has specific near-term targets to reduce emissions by 38% per tonne of hot rolled steel by 2032, alongside a significant reduction of 58.8% in other Scope 1 and 2 emissions within the same timeframe. Overall, Thyssenkrupp AG's climate strategy reflects a strong commitment to sustainability and aligns with industry standards for reducing carbon footprints, demonstrating a proactive approach to addressing climate change.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 21,800,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 1,300,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 5,000,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Thyssenkrupp AG is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
