Thyssenkrupp AG

Thyssenkrupp AG, a German company operating in the construction work sector, has established comprehensive climate commitments. For the year 2025, the company reported a total global emission of approximately 207 billion kg CO2e. This includes Scope 1 emissions amounting to approximately 19.8 billion kg CO2e, Scope 2 emissions at approximately 1.2 billion kg CO2e (market-based), and Scope 3 emissions totalling approximately 186 billion kg CO2e.

Thyssenkrupp AG has set ambitious targets aligned with climate goals. Key commitments include:

• Climate Neutrality: The company aims to achieve climate neutrality by 2045, with a broader commitment to be climate-neutral by 2050 at the latest.
• Emissions Reduction Targets: Thyssenkrupp AG has committed to a 30% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2018 as the baseline year. Additionally, they aim for a 16% reduction in absolute Scope 3 GHG emissions by 2030, with a 2017 baseline. Specific targets include a 50.4% reduction in other absolute Scope 1 and 2 emissions by 2030, and a 30% reduction in other absolute Scope 3 emissions by the same year. For the iron and steel sector, specific targets include a 30.1% reduction in Scope 1, 2, and 3 emissions per tonne of hot rolled steel by 2030 (from a 2018 base year) and a 38% reduction in core iron and steel emissions per tonne by 2032. Long-term, they aim for a 90% reduction in absolute Scope 1 and 2 emissions by 2050 and a 93% reduction in absolute Scope 1, 2, and 3 emissions by 2045.
• Intensity Reduction: The company is working towards an annual reduction in emission intensity. Specifically, they target a reduction of 1 tonne of CO2 per million Euros in sales, aiming for 34.5 tonnes of CO2 per million Euros in sales by the 2024/2025 financial year.

Thyssenkrupp AG's climate targets are committed to the Science Based Targets initiative (SBTi), indicating alignment with the 1.5-degree pathway of the Paris Agreement. The company also reports these targets as being committed to SBTi.