Klockner And Co

In 2023, Klöckner & Co reported total greenhouse gas emissions of approximately 7,165,000,000 kg CO2e across all scopes. This includes about 42,100,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and approximately 2,000,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The company’s Scope 3 emissions, which encompass all other indirect emissions in the value chain, amounted to about 7,165,000,000 kg CO2e, primarily from purchased goods and services. Klöckner & Co has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, using 2019 as the base year. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 50% by 2030 and to cut Scope 3 emissions from fuel and energy-related activities, waste, business travel, employee commuting, and downstream transportation and distribution by 50% within the same timeframe. Additionally, it aims for a 30% reduction in Scope 3 emissions from purchased goods and services, capital goods, and upstream transportation and distribution by 2030. For long-term goals, Klöckner & Co targets a 90% reduction in absolute Scope 1 and 2 emissions by 2040 and a similar 90% reduction in Scope 3 emissions from fuel and energy-related activities and other specified categories by 2040. The company also aims for a 90% reduction in Scope 3 emissions from purchased goods and services, capital goods, and upstream transportation and distribution by 2050. These targets align with the Science Based Targets initiative (SBTi) and are consistent with efforts to limit global warming to 1.5°C.