Corporate Nov 16, 2016 10:00 AM
Climate protection: thyssenkrupp ranks among the world's leading companies
thyssenkrupp welcomes the Paris climate agreement coming into effect today. Among other targets the agreement aims at limiting greenhouse gas emissions to net zero in the second half of this century. thyssenkrupp wants to contribute to this effort and is well on its way in doing so: The Group has now been ranked a world leader in climate protection by non-profit organization CDP (formerly the Carbon Disclosure Project)
For the first time thyssenkrupp is included in the organization's global "Climate A List", which comprises less than 200 companies. The Group also counts among the best companies in the "Germany, Austria and Switzerland" region for the fifth time in succession since 2012.
Several thousand companies worldwide took part in the ranking, which CDP conducts on behalf of more than 800 investors with assets worth USD100 trillion. The organization holds the world's largest collection of company-related climate data.
Thomas Fußhöller, head of Sustainability at thyssenkrupp, says "reducing emissions in our processes and through our products is strategically important to us. So we are proud to be among the world's leading companies in terms of climate protection. It sends an important signal to our investors and customers."
CDP's ranking recognizes thyssenkrupp's consistently high level of transparency and performance in terms of climate protection in recent years. One medium-term company target is to improve energy efficiency by around 3.5 terawatt hours by 2020. This is more than three large offshore wind parks deliver in a year and equivalent to around 1.3 million tons of CO2. Emissions of almost 1 million tons have already been avoided.
Sustainability is an integral part of thyssenkrupp's business model and climate protection is one of the company's strategic objectives. This is also reflected in the fact that the achievement of sustainability targets influences board compensation.
Innovation strategy and climate protection are also closely linked. Together with customers thyssenkrupp is developing products that conserve energy and resources. For the cement industry, for example, the Group offers a range of new technologies helping to cut CO2 emissions from cement production by up to 40 percent. Also, the company has launched the Carbon2Chem project to convert industrial emissions into valuable chemicals using renewable energies.
thyssenkrupp is a diversified industrial group with traditional strengths in materials and a growing share of capital goods and services businesses. Around 155,000 employees in nearly 80 countries work with passion and technological expertise to develop high-quality products and intelligent industrial processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2014/2015 thyssenkrupp generated sales of around €43 billion.
Together with our customers we develop competitive solutions for the challenges of the future in the areas Mechanical, Plant and Materials. With our engineering expertise we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-friendly way. For us, technical progress and innovations, allied with the combined strength of the Group, are key factors enabling us to meet current and future customer and market requirements around the world, grow on the markets of the future, and generate strong and stable earnings, cash flows and value growth.