Thyssenkrupp AG Sustainability Profile
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 64 is higher than 80% 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 2024, Thyssenkrupp AG reported total greenhouse gas emissions of approximately 27.4 billion kg CO2e, comprising 22.2 billion kg CO2e from Scope 1, 1 billion kg CO2e from Scope 2, and 4.2 billion kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 emissions by 30% by 2030 compared to 2018 levels. Additionally, Thyssenkrupp AG is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. Thyssenkrupp Steel Europe AG, a subsidiary, has established more specific targets, including a 38% reduction in Scope 1, 2, and 3 emissions per tonne of hot rolled steel by 2032, and a 93% reduction in absolute emissions by 2045 from a 2018 baseline. The company also aims to reduce Scope 3 emissions from the use of sold products by 90% 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 | 23,610,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 1,310,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | 0,000,000,000 |
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Thyssenkrupp AG'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.
Thyssenkrupp AG 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.
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Common questions about Thyssenkrupp AG's sustainability data and climate commitments