20/06/2023 – Decarbonization strategy
Swiss Steel Group takes another step towards its decarbonization goals
Despite volatile markets and a difficult geopolitical environment, the Swiss Steel Group is not wavering in its decarbonization strategy and is working consistently on tracking CO2 emissions from its supply chain.
The European steel producer in the long steel and green steel segments, has taken another important step in its decarbonization strategy and aims to become the first European steel producer and the world’s first secondary route producer to join the Carbon Disclosure Project (CDP) supply chain program. The Carbon Disclosure Project (CDP) Supply Chain Program is a global program that helps companies measure and reduce CO2 emissions from their supply chain. It helps companies understand and improve the environmental performance of their suppliers and enables them to accurately track their CO2 emissions in the supply chain. As part of this initiative, the Swiss Steel Group has approached its 150 most important suppliers of raw materials and consumables with the aim of obtaining and better understanding their specific carbon footprint.
This enables the Swiss Steel Group to include the environmental performance of its suppliers in the purchasing decision process. In addition, requesting primary emission data directly from the supplier enables a more accurate calculation of the product carbon footprint (PCF) than with secondary emission factors based on averages. In the future, the company will be able to provide its customers with a more accurate PCF that better reflects the carbon footprint of their specific products. The Swiss Steel Group attaches great importance to sustainability and environmental protection throughout the supply chain and is determined to make its contribution to a holistic cradle-to-gate approach to CO2 emissions.
“We are proud to be a pioneer in this important area and to further expand our role as a thought leader in the Green Steel segment. We hope for the cooperation of our suppliers and that other companies will follow us,” said Frank Koch, CEO of Swiss Steel Group. The Swiss Steel Group is determined to continue working on climate protection and sustainability issues and to remain committed to a better future for society and the environment.