Voestalpine joins Science Based Targets initiative

In addition to direct greenhouse gas emissions from production (Scope 1), voestalpine is now also setting itself ambitious goals to reduce Scope 2 (energy-related) emissions and Scope 3 (raw materials, transport) emissions.

These target reductions will be scientifically evaluated within the framework of the independent Science Based Targets initiative (SBTi) to ensure their compatibility with the Paris Agreement, and validated correspondingly, Kallanish learns from the group. “We have decided to subject ourselves to examination by the Science Based Targets initiative, the greatest possible levels of transparency and comparability of our climate action measures,” says chief executive Herbert Eibensteiner.

The objectives apply not only to the steel-producing sites in Linz and Donawitz, but also the entire group. Taking 2019 as its reference, the company plans a 30% reduction in Scope 1 and 2 emissions and a 25% reduction in Scope 3 emissions by 2029.

The Science Based Targets initiative is a partnership between the Climate Disclosure Project (CDP), UN Global Compact, World Resources Institute, and World Wildlife Fund for Nature (WWF). It helps companies align their business activities with the Paris Climate Goals, and provides scientific proof of this achievement. Globally, around 3,000 companies from a wide range of sectors including the steel industry are involved in the SBTi.

Christian Koehl Germany