Klöckner eyes net zero emissions by 2040

Klöckner & Co plans to reduce directly controllable emissions to net zero by 2040, Kallanish learns from the German-based steel distribution group. Emissions that it can only control indirectly – primarily from bought-in steel products – are to be cut to net zero by 2050.

The company signed up in 2020 to the Science Based Targets initiative (SBTi) “Business Ambition for 1.5°”. The SBTi has now validated the near-term carbon reduction targets adopted by Klöckner as science-based targets.

With those targets, Klöckner says it will achieve by 2030 a 50% reduction in its scope 1 and 2 emissions, meaning emissions associated with the business itself, such as from company-owned vehicles and purchased energy. In Scope 3, the company will likewise reduce directly controllable emissions, such as from business travel, by 50% by 2030. Non-directly-controllable emissions, for example from bought-in products and services, will be cut by 30% by 2030. These near-term targets are in line with the Paris Climate Agreement, the firm says.

In Scope 1 and 2 alone, the company expects to save some 90,000 tonnes/year of carbon from its own emissions. The package of measures to this end has been titled “kloeckner takes action 2040”. Activities include further centralisation of energy procurement and a progressive switch to renewable energy sources. The group has also begun converting its car and truck fleet to innovative means of propulsion, including electric mobility and hydrogen.
In October, Klöckner was the first steel distributor to enter into partnership with the Swedish start-up H2 Green Steel (H2GS) to secure access to virtually carbon-emission-free steel (see Kallanish 7 October).

Christian Koehl Germany