The Swiss Steel Group with 100% of their production based on electric arc furnaces is well on its way to meeting these requirements. Swiss Steel Group CEO Mr Frank Koch has signed the SBTi Commitment to adopting Decarbonization measures across all sites and to reducing emissions by 2050 in keeping with world climate targets. The Swiss Steel Group now has two years to have their Decarbonization targets validated by SBTi and then implement them. Mr Koch said “We are determined to continue to improve our leadership in Green Steel produced with fewer emissions until we reach net zero. In this endeavor, the Group has different starting conditions. The carbon footprint of the Swiss site, for example, is already 90% lower today than any of the worldwide industry average. At other sites, we still need more support at the political level, for example, to be able to make decarbonized energy available in sufficient quantities.”At the 21st World Climate Summit in 2015, the legally binding Paris Climate Agreement was adopted with the aim of limiting global warming to maximum 1.5 degree Celsius. The initiative is supported by Science Based Targets Initiative, a partnership of the Carbon Disclosure Project, UN Global Compact, the World Resources Institute and the World Wide Fund for Nature. The initiative’s aim is to establish science-based targets to reduce greenhouse gas emissions as a standard of corporate practice.3,000 companies worldwide have committed to SBTi to meet the set climate targetsThe Swiss Steel Group today is one of the world’s leading providers of individual solutions in the special long steel products sector. The Group is one of the leading manufacturers of tool steel and non-corrosive long steel on the global market and one of the two largest companies in Europe for alloyed and high-alloyed constructional steel
The Swiss Steel Group with 100% of their production based on electric arc furnaces is well on its way to meeting these requirements. Swiss Steel Group CEO Mr Frank Koch has signed the SBTi Commitment to adopting Decarbonization measures across all sites and to reducing emissions by 2050 in keeping with world climate targets. The Swiss Steel Group now has two years to have their Decarbonization targets validated by SBTi and then implement them. Mr Koch said “We are determined to continue to improve our leadership in Green Steel produced with fewer emissions until we reach net zero. In this endeavor, the Group has different starting conditions. The carbon footprint of the Swiss site, for example, is already 90% lower today than any of the worldwide industry average. At other sites, we still need more support at the political level, for example, to be able to make decarbonized energy available in sufficient quantities.”At the 21st World Climate Summit in 2015, the legally binding Paris Climate Agreement was adopted with the aim of limiting global warming to maximum 1.5 degree Celsius. The initiative is supported by Science Based Targets Initiative, a partnership of the Carbon Disclosure Project, UN Global Compact, the World Resources Institute and the World Wide Fund for Nature. The initiative’s aim is to establish science-based targets to reduce greenhouse gas emissions as a standard of corporate practice.3,000 companies worldwide have committed to SBTi to meet the set climate targetsThe Swiss Steel Group today is one of the world’s leading providers of individual solutions in the special long steel products sector. The Group is one of the leading manufacturers of tool steel and non-corrosive long steel on the global market and one of the two largest companies in Europe for alloyed and high-alloyed constructional steel
