Voestalpine

Voestalpine, headquartered in AT and operating in the basic iron and steel and ferro-alloys industry, has outlined significant climate commitments alongside its reported emissions.

For the financial year 2025, Voestalpine reported total emissions of approximately 22.7 billion kg CO2e. This figure is comprised of approximately 12.1 billion kg CO2e in Scope 1 emissions and approximately 800 million kg CO2e in Scope 2 emissions (market-based). Scope 3 emissions were reported at approximately 9.8 billion kg CO2e, with purchased goods and services accounting for the largest portion at approximately 8.3 billion kg CO2e.

In the financial year 2023, the company's total emissions were approximately 24.39 billion kg CO2e. Scope 1 emissions were approximately 12.53 billion kg CO2e, and Scope 2 emissions were approximately 600 million kg CO2e (market-based). Scope 3 emissions were approximately 11.26 billion kg CO2e, with purchased goods and services representing approximately 8.85 billion kg CO2e.

Voestalpine has established a clear set of reduction targets aligned with the Science Based Targets initiative (SBTi). The company is committed to reducing its absolute Scope 1 and Scope 2 emissions by 30% and its Scope 3 emissions by 25% by 2029, using 2019 as the baseline year.

Looking further ahead, Voestalpine aims for carbon-neutral production by 2050. This long-term objective involves exploring technologies such as replacing coal with electricity from renewable sources and green hydrogen, and potentially employing carbon capture, utilisation, and storage (CCUS). Specific divisional targets include the High Performance Metals Division aiming for a 50% reduction in Scope 1 and 2 emissions by 2029, and the Metal Forming Division targeting climate-neutral production by 2035.