Voestalpine

Voestalpine, an Austrian-headquartered company in the Iron and Steel Pipe and Tube Manufacturing from Purchased Steel industry, has set ambitious climate commitments.

For 2025, Voestalpine projects its total greenhouse gas emissions to be approximately 22.7 billion kg CO2e. This includes about 12.1 billion kg CO2e from Scope 1 emissions, 800 million kg CO2e from Scope 2 (market-based), and approximately 9.8 billion kg CO2e from Scope 3 emissions. Key contributors to Scope 3 are purchased goods and services (about 8.3 billion kg CO2e), upstream transportation and distribution (around 600 million kg CO2e), and fuel and energy-related activities (approximately 500 million kg CO2e).

Looking back, in 2023, Voestalpine reported Scope 1 emissions of approximately 12.53 billion kg CO2e, Scope 2 market-based emissions of 600 million kg CO2e, and Scope 3 emissions of about 11.26 billion kg CO2e. In 2022, Scope 1 emissions were approximately 12.71 billion kg CO2e, Scope 2 market-based emissions were about 480 million kg CO2e, and Scope 3 emissions totalled around 11.31 billion kg CO2e. The year 2021 saw Scope 1 emissions at approximately 14.45 billion kg CO2e, Scope 2 market-based emissions at about 550 million kg CO2e, and Scope 3 emissions around 12.01 billion kg CO2e. For 2020, Scope 1 emissions were about 12.44 billion kg CO2e, Scope 2 market-based emissions were approximately 640 million kg CO2e, and Scope 3 emissions totalled around 9.47 billion kg CO2e. In 2019, the company's total emissions were approximately 24.9 billion kg CO2e, with Scope 1 at about 12.8 billion kg CO2e, Scope 2 (market-based) at approximately 1.1 billion kg CO2e, and Scope 3 at around 11 billion kg CO2e.

Voestalpine has committed to significant emissions reductions. Through the Science Based Targets Initiative (SBTi), the company aims to reduce its absolute Scope 1 and Scope 2 greenhouse gas emissions by 30% by 2029, against a 2019 baseline. Furthermore, it intends to reduce absolute Scope 3 emissions by 25% within the same timeframe. These near-term targets are classified as consistent with a "Well-below 2°C" warming scenario.

Longer term, Voestalpine is targeting net-zero emissions by no later than 2050, aligning with the EU emissions trading target path. This ambition involves a complete replacement of coal as a reducing agent with electricity from renewable sources and green hydrogen. Specifically, the Metal Forming Division aims for climate-neutral production by 2035. The High Performance Metals Division is targeting a 50% reduction in Scope 1 and Scope 2 CO2 emissions by 2029. Additionally, there's a plan to lower Scope 1 CO2 emissions from steel production at its Austrian sites (Linz and Donawitz) by about 30% by 2030, reducing them to approximately 8.5 million metric tons. Voestalpine also pursues a medium-term target of reducing its Scope 1 and Scope 2 emissions by 50% by the business year 2035/36, compared to a 2019 baseline.