UN Global Compact and Sustainable Development Goals
Outokumpu has been a member of the UN Global Compact since 2009 and contributes to several United Nations Sustainable Development Goals (SDGs). We have selected six UN SDGs that are most material to us in terms of our impact.
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. We have developed a science-based reduction target on direct and indirect CO2 emissions intensity and included the upstream emissions in the reporting.
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.