Sustainability
We need sustainable actions to preserve the planet for future generations. At Outokumpu, we work towards a world that lasts forever.
Outokumpu at COP28
Outokumpu is joining COP28 with Finnish climate leaders to showcase how low-carbon stainless steel plays a crucial role in tackling climate change on a global scale.
Outokumpu’s key events during COP28:
2.12. at 11–12 GST: Green Steel Accelerating Decarbonization Across Industries
4.12. at 11–12 GST: Decarbonization is a long-term investment
5.12. at 14–15 GST: Creating solutions for a world that lasts forever
Leading the green transition in the steel industry
The population of the world is expected to grow, leading to urbanization and requiring more energy and – steel. From basic structures of society to industry, mobility, and household appliances, the demand for stainless steel will grow.
Steel accounts for 7–9% of global carbon emissions. With our products’ total carbon footprint up to 75% lower than the industry average, we enable customers to reach their challenging value chain emission reduction targets. By 2030, we aim to further reduce emissions by 42% per tonne of stainless steel from a 2016 base year.
Our sustainability is based on environmental, social and governance aspects
Sustainability strategy
Sustainability is at the heart of our business and integrated in our strategy. We have set ambitious targets and are continuously looking for ways to set the bar higher in sustainability.
Climate and circularity
To help combat climate change, we have the Science Based Target initiative’s approved climate ambition aligned with 1.5 degree, as the only stainless steel producer globally. In addition, we offer pioneering sustainable and circular solutions for customers.
Innovative partnerships in the value chain
70% of our emissions come from our value chain. To achieve our ambitious decarbonization targets, we partner with customers and suppliers to transform the entire value chain together.
People and society
Our people are at the heart of driving innovation and the development of stainless steel. We are committed to the United Nations Guiding Principles on Business and Human Rights and aim to increase diversity by having at least 30% diverse leaders in international leadership teams by 2025.
Good governance
We are committed to ethical way of conducting business and strive for continuous improvement and transparency in our sustainability governance.