Synopsis: thyssenkrupp Materials Trading has offset its CO₂ emissions for the fiscal year 2021/22 by utilizing emission reduction certificates and high-quality carbon removal credits. This move aligns with the company's commitment to the climate goals of the United Nations. The introduction of the Voluntary Carbon Credits Desk (VCC Desk) in 2023 makes thyssenkrupp Materials Services the first in its industry to offer carbon credits, facilitating the offsetting of emissions for both the company and its trading products.Article: thyssenkrupp Materials Trading, a subsidiary of thyssenkrupp Materials Services, has taken a proactive approach to address its carbon footprint for the fiscal year 2021/22. The company has successfully offset its CO₂ emissions by utilizing emission reduction certificates and exclusively high-quality carbon removal credits, each equivalent to one ton of permanently removed atmospheric CO₂. This initiative underscores thyssenkrupp Materials Trading's commitment to contributing to the climate goals set by the United Nations.One notable milestone in this journey is the introduction of the Voluntary Carbon Credits Desk (VCC Desk) in the spring of 2023. This innovative desk acts as a central hub for high-quality emission reduction certificates, serving as a one-stop shop for thyssenkrupp Materials Services companies and external customers alike. Its services encompass the meticulous selection, procurement, and transparent closure of carbon credits. This process is crucial for offsetting both the company's carbon footprint and emissions associated with the products traded by customers.To reduce emissions during the fiscal year 2021/22, thyssenkrupp Materials Trading has adopted a voluntary target contribution. They rely on carbon removal credits, which are associated with innovative technologies. These technologies include the production of insulating materials from carbon-neutral cellulose fibers sourced from renewable materials and the reduction of CO₂ emissions through the recycling of thermal waste. Additionally, the company supports a significant conservation project aimed at restoring wetlands, which not only promotes biodiversity and local communities but is also in alignment with twelve of the United Nations Sustainable Development Goals (SDGs).Wolfgang Schnittker, the CEO of thyssenkrupp Materials Trading, emphasized the pivotal role of the Voluntary Carbon Credit Desk in the company's sustainability strategy known as 'BEYOND.' This strategy goes beyond merely meeting internationally recognized Environmental, Social, and Governance (ESG) criteria. It aims to support customers in achieving their sustainability objectives while benefiting the company itself. Despite the importance of reduction targets, there may still be residual emissions that are challenging to avoid or entirely unavoidable. In such cases, carbon credits serve as a meaningful measure to make an additional contribution to climate mitigation.thyssenkrupp Materials Trading is an international trading and service company headquartered in Essen, Germany. Its diverse product range includes raw materials, metallurgical products, and material and logistics services. The company also offers customized solutions, including financing and shipping, to meet the diverse needs of its clients.Conclusion: thyssenkrupp Materials Trading's commitment to addressing its carbon footprint is exemplified through the utilization of emission reduction certificates and carbon removal credits. The introduction of the Voluntary Carbon Credits Desk (VCC Desk) signifies a pioneering move, making thyssenkrupp Materials Services the first in its industry to offer carbon credits. This initiative aligns with the company's dedication to contributing to the United Nations' climate goals and promoting sustainability. It showcases the company's proactive approach to environmental responsibility and climate action.
Synopsis: thyssenkrupp Materials Trading has offset its CO₂ emissions for the fiscal year 2021/22 by utilizing emission reduction certificates and high-quality carbon removal credits. This move aligns with the company's commitment to the climate goals of the United Nations. The introduction of the Voluntary Carbon Credits Desk (VCC Desk) in 2023 makes thyssenkrupp Materials Services the first in its industry to offer carbon credits, facilitating the offsetting of emissions for both the company and its trading products.Article: thyssenkrupp Materials Trading, a subsidiary of thyssenkrupp Materials Services, has taken a proactive approach to address its carbon footprint for the fiscal year 2021/22. The company has successfully offset its CO₂ emissions by utilizing emission reduction certificates and exclusively high-quality carbon removal credits, each equivalent to one ton of permanently removed atmospheric CO₂. This initiative underscores thyssenkrupp Materials Trading's commitment to contributing to the climate goals set by the United Nations.One notable milestone in this journey is the introduction of the Voluntary Carbon Credits Desk (VCC Desk) in the spring of 2023. This innovative desk acts as a central hub for high-quality emission reduction certificates, serving as a one-stop shop for thyssenkrupp Materials Services companies and external customers alike. Its services encompass the meticulous selection, procurement, and transparent closure of carbon credits. This process is crucial for offsetting both the company's carbon footprint and emissions associated with the products traded by customers.To reduce emissions during the fiscal year 2021/22, thyssenkrupp Materials Trading has adopted a voluntary target contribution. They rely on carbon removal credits, which are associated with innovative technologies. These technologies include the production of insulating materials from carbon-neutral cellulose fibers sourced from renewable materials and the reduction of CO₂ emissions through the recycling of thermal waste. Additionally, the company supports a significant conservation project aimed at restoring wetlands, which not only promotes biodiversity and local communities but is also in alignment with twelve of the United Nations Sustainable Development Goals (SDGs).Wolfgang Schnittker, the CEO of thyssenkrupp Materials Trading, emphasized the pivotal role of the Voluntary Carbon Credit Desk in the company's sustainability strategy known as 'BEYOND.' This strategy goes beyond merely meeting internationally recognized Environmental, Social, and Governance (ESG) criteria. It aims to support customers in achieving their sustainability objectives while benefiting the company itself. Despite the importance of reduction targets, there may still be residual emissions that are challenging to avoid or entirely unavoidable. In such cases, carbon credits serve as a meaningful measure to make an additional contribution to climate mitigation.thyssenkrupp Materials Trading is an international trading and service company headquartered in Essen, Germany. Its diverse product range includes raw materials, metallurgical products, and material and logistics services. The company also offers customized solutions, including financing and shipping, to meet the diverse needs of its clients.Conclusion: thyssenkrupp Materials Trading's commitment to addressing its carbon footprint is exemplified through the utilization of emission reduction certificates and carbon removal credits. The introduction of the Voluntary Carbon Credits Desk (VCC Desk) signifies a pioneering move, making thyssenkrupp Materials Services the first in its industry to offer carbon credits. This initiative aligns with the company's dedication to contributing to the United Nations' climate goals and promoting sustainability. It showcases the company's proactive approach to environmental responsibility and climate action.
