SHS - Stahl-Holding-Saar GmbH & Co. KGaA Sustainability Profile
SHS - Stahl-Holding-Saar GmbH & Co. KGaA, headquartered in Germany, is a prominent player in the steel industry, specialising in the production and processing of high-quality steel products. Founded in 2001, the company has established itself as a leader in the European market, with significant operations across various regions, including Saarland and beyond. SHS focuses on core business areas such as steel manufacturing, recycling, and innovative processing techniques, which set it apart from competitors. The company is renowned for its commitment to sustainability and efficiency, contributing to its strong market position. With a history marked by strategic milestones, SHS continues to drive advancements in steel technology, ensuring its products meet the evolving needs of diverse industries.
DitchCarbon Score
How does SHS - Stahl-Holding-Saar GmbH & Co. KGaA'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 Business Services 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
SHS - Stahl-Holding-Saar GmbH & Co. KGaA's score of 47 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SHS - Stahl-Holding-Saar GmbH & Co. KGaA's reported carbon emissions
SHS - Stahl-Holding-Saar GmbH & Co. KGaA, headquartered in Germany, has set ambitious climate commitments aimed at significantly reducing its carbon emissions. Although specific emissions data for the most recent year is not available, the company has outlined clear reduction targets across various scopes of greenhouse gas emissions. By 2030, SHS aims to reduce its absolute Scope 1 and Scope 2 emissions by approximately 55% from a 2021 baseline. Additionally, the company has committed to a near-term reduction of 25% in its remaining absolute Scope 3 emissions, which encompass emissions from purchased goods and services, fuel and energy-related activities, and upstream transportation and distribution. Looking towards the long term, SHS has set a target to achieve a 96% reduction in Scope 1 and Scope 2 emissions per ton of hot rolled steel by 2050, also from a 2021 base year. Furthermore, the company aims to reduce its absolute Scope 3 emissions by an impressive 93% within the same timeframe. SHS has also committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to keep global warming below 1.5°C, reflecting the company's dedication to sustainable practices in the iron and steel sector. Overall, SHS - Stahl-Holding-Saar is taking significant steps towards reducing its carbon footprint and contributing to global climate goals, demonstrating a proactive approach to environmental responsibility.
How Carbon Intensive is SHS - Stahl-Holding-Saar GmbH & Co. KGaA's Industry?
How Carbon Intensive is SHS - Stahl-Holding-Saar GmbH & Co. KGaA's Location?
SHS - Stahl-Holding-Saar GmbH & Co. KGaA's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
SHS - Stahl-Holding-Saar GmbH & Co. KGaA has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
