Voestalpine
Voestalpine AG, headquartered in Linz, Austria, is a leading global player in the steel and technology industry. Founded in 1938, the company has evolved into a key provider of high-quality steel products and innovative solutions across various sectors, including automotive, aerospace, and construction. With a strong presence in Europe, North America, and Asia, Voestalpine is renowned for its advanced manufacturing processes and commitment to sustainability. The company’s core offerings include flat steel products, long products, and special steel grades, distinguished by their exceptional quality and performance. Voestalpine's dedication to research and development has positioned it as a market leader, achieving notable milestones such as pioneering high-strength steel solutions. This focus on innovation and excellence has solidified its reputation as a trusted partner in the global steel market.
DitchCarbon Score
How does Voestalpine'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 Iron and Steel Production 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
Voestalpine's score of 35 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Voestalpine's reported carbon emissions
In 2023, Voestalpine AG reported total carbon emissions of approximately 12,530,000,000 kg CO2e, with emissions distributed across various scopes: 12,530,000,000 kg CO2e for Scope 1, 600,000,000 kg CO2e for Scope 2, and 11,260,000,000 kg CO2e for Scope 3. The company has set ambitious targets to reduce its carbon footprint, committing to a 30% reduction in absolute Scope 1 and Scope 2 emissions and a 25% reduction in Scope 3 emissions by 2029, using 2019 as the baseline year. Voestalpine's long-term strategy aims for net-zero emissions by 2050, focusing on transitioning to renewable energy sources and green hydrogen. Specific initiatives include a 50% reduction in Scope 1 and Scope 2 emissions by 2030 for its High Performance Metals Division and a 30% reduction in CO2 emissions from steel production at its Austrian sites by 2030. The company's climate commitments align with the Science Based Targets Initiative (SBTi), ensuring that their reduction targets are consistent with the global goal of limiting temperature rise to well below 2°C. Voestalpine is actively working on technologies to decarbonise its production processes, demonstrating a strong commitment to sustainability and climate action.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,400,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Voestalpine is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
