Protecting the climateClimate change is one of the most urgent challenges the world is facing today. Outokumpu aims to protect the climate with our sustainable stainless steel.
We are developing our operations to reach carbon neutrality by 2050. We are already on track to meet our short-term target of reducing our emissions by 20% by 2023. We work closely with our customers to help them develop solutions that further decrease their carbon footprint and reduce burden on climate.
The lowest carbon footprint in the industry
Global megatrends such as population growth, accelerating mobility and urbanization have resulted in increasing carbon emissions and climate change. Stainless steel can help to build solutions for a more sustainable world.
Outokumpu’s carbon footprint is less than 30% of the global industry average. Key reasons are for our low carbon footprint are our own ferrochrome, high recycled content and the use of low carbon electricity.
Outokumpu helps its customers develop solutions that reduce climate burden by means of the right material choices. On an annual level, our clients are able to reduce their carbon footprint by 8 million tons. Outokumpu publishes environmental product declarations (EPDs) on its main products using life cycle inventory data. This means our customers are able to calculate the sustainability performance of their product life cycles.
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.
Striving for increased energy efficiency
We work continuously to reduce our carbon profile. We are determined to make our operations more energy efficient also by maximizing the use of electricity with a low carbon footprint in our operations.
Increasing the recycled content of our products to more than 90% and improving resource efficiency contribute to constantly lower CO2 emissions.
Outokumpu develops its carbon neutral roadmap in all our operations to reach carbon neutrality by 2050. We are already on track to meet targeted reduction of 20% by 2023.
Outokumpu uses high amounts of recycled materials. Currently, Outokumpu's rate of recycled content is the highest in the industry, over 90%.
Stainless steel is endlessly recyclable without any loss in quality. It is also the most efficient way to reduce the environmental impact of production processes enabling us to produce sustainable stainless steel. So, we continuously aim for higher recycling rates in our operations.
Nature surrounding sites – a special focus of ours
Outokumpu’s impacts on nature and biodiversity are minimal. The production of stainless steel does not occupy or reserve large areas of land nor have a significant effect on environmental biodiversity.
However, Outokumpu has identified high biodiversity areas that are owned by the company or that are adjacent to our sites. The current operational sites with these areas include Calvert, Alabama in the US, Dahlerbrück in Germany, as well as Kemi and Tornio in Finland. These sites count for 80% of total owned land, and no negative impacts have been documented in impact studies.
Protecting the environment in the locations where we operate is our highest priority and a part of our licence to operate.
We have made significant investments in environmental protection over the past years and we will continue to develop our processes even further. We aim to have a minimal impact on nature and biodiversity.