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 61 is higher than 78% 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 23,200,000,000 kg CO2e, comprising 22,200,000,000 kg CO2e from Scope 1 and 1,000,000,000 kg CO2e from Scope 2 emissions. In 2023, the company recorded similar emissions, with a total of about 23,900,000,000 kg CO2e, including 22,900,000,000 kg CO2e from Scope 1 and 1,000,000,000 kg CO2e from Scope 2. Thyssenkrupp has set ambitious climate commitments, aiming for a 30% reduction in absolute Scope 1 and 2 emissions by 2030, using 2018 as the baseline year. Additionally, the company has pledged to achieve net-zero greenhouse gas emissions across its value chain by 2050. Near-term targets include a 30.1% reduction in emissions per tonne of hot rolled steel by 2030 and a 50.4% reduction in absolute Scope 1 and 2 emissions within the same timeframe. Furthermore, Thyssenkrupp Steel Europe AG, a subsidiary, has committed to a 93% reduction in absolute Scope 1, 2, and 3 emissions by 2045, also from a 2018 baseline. These targets align with the Science Based Targets initiative (SBTi) and reflect the company's commitment to addressing climate change effectively.
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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 | - | - | - | - | - | - |
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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