As part of our wider social engagement, we participate in several corporate responsibility initiatives. We are proud to see that our sustainability work has been recognized by multiple organizations.

Outokumpu's focus SDGsUN Global Compact and Sustainable Development Goals

We are committed to the United Nation’s Sustainable Development Goals (SDGs) and have chosen six SDGs as the most relevant for our contribution. They are: Clean water and sanitation; Affordable and clean energy; Decent work and economic growth; Industry, innovation and infrastructure; Responsible consumption and production as well as Climate action.
Read more about our contribution to the SDGs 


Science Based Targets initiative

Outokumpu signed the membership of the Science Based Targets initiative in 2016. The initiative considers companies’ greenhouse gas reduction targets science-based if they are in line with the level of decarbonization required to keep global temperature increase well below 2°C compared to the pre-industrial temperature.

Our target is to reduce scope 1, 2, and 3 greenhouse gas emissions by 20% per tonne of stainless steel by 2023 from a 2014–2016 base-period.

Outokumpu has committed to the 1.5 degree ambition and we are in process of updating our science-based climate targets accordingly.

Read more about our actions to mitigate climate change


ResponsibleSteelResponsibleSteel

Outokumpu joined the ResponsibleSteel initiative in 2019. ResponsibleSteel is a global multi-stakeholder standard and certification initiative for the steel industry. The initiative is developing an independent certification standard that helps the steel industry to communicate about carbon footprint and other sustainability aspects of their products and operations to customers and other stakeholders.

Worldsteel sustainability champion

Outokumpu has signed worldsteel’s sustainability development charter. Worldsteel member companies and associations have committed to seven sustainability principles, as outlined in the worldsteel Sustainable Development Policy: environmental protection, safety and health, local communities ethical standards, stakeholder engagement, disclosure and transparency, value for stakeholders.

In April 2021, Outokumpu was recognized as a Sustainability Champion by worldsteel. The Sustainability Champions Programme promotes steel companies that are most clearly demonstrating their commitment to sustainable development.

Responsible mining

Outokumpu operates a chrome mine in Kemi, Finland. We are a member of The Finnish Network for Sustainable Mining, and Kemi mine is committed to the Finnish sustainability standard for mining. Read more about the environmental impacts of the mining operation in our Sustainability Review.

Read more about the Finnish sustainability standard for mining

 

Responsible Chromium

In September 2021, Outokumpu received the Responsible Chromium award from the International Chromium Development Association (ICDA). The award was given to six ICDA member companies with a verified rating from the independent sustainability rating company Ecovadis. Outokumpu has been evaluated by Ecovadis to be within the top 1% of companies in the industry in terms of sustainability.

Responsible chromium logo