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 27,400,000,000 kg CO2e, comprising 22,200,000,000 kg CO2e from Scope 1, 1,000,000,000 kg CO2e from Scope 2, and 4,200,000,000 kg CO2e from Scope 3 emissions. The previous year, 2023, saw a total of about 23,900,000,000 kg CO2e, with Scope 1 emissions at 22,900,000,000 kg CO2e and Scope 2 at 1,000,000,000 kg CO2e. Thyssenkrupp has set ambitious climate commitments, aiming for a 30% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2018 baseline. Additionally, they target a 16% reduction in absolute Scope 3 emissions by 2030 from a 2017 baseline. Long-term goals include achieving net-zero greenhouse gas emissions across the value chain by 2050, with interim targets of reducing emissions by 90% for Scope 1, 2, and 3 by the same year. The company has also committed to reducing emissions intensity by 1 tonne CO2 per million euros in sales, targeting 34.5 tonnes CO2 per million euros in FY 2024/25. Thyssenkrupp Steel Europe AG, a subsidiary, has set specific near-term targets to reduce emissions by 38% per tonne of hot rolled steel by 2032 from a 2018 base year. These commitments align with the Science Based Targets initiative (SBTi) and reflect Thyssenkrupp's dedication to addressing climate change and reducing its carbon footprint in the industrial sector.
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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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Frequently Asked Questions
Common questions about Thyssenkrupp AG's sustainability data and climate commitments