The SBTi is a collaborative effort involving the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WIR), and the World Wide Fund for Nature (WWF). The science-backed initiative aims to guide companies on their path to climate neutrality in an effort to prevent catastrophic levels of global warming. Joining the SBTi involves a validation process for the climate targets the companies set, as well as a general commitment to achieving “net zero” CO2 emissions by 2050.
“For GMH Gruppe, participation in the international SBT initiative is a natural step in the fight against global warming, allowing us to pursue our objectives with greater consistency and transparency,” said Dr. Alexander Becker, CEO of GMH Gruppe. “In addition to reducing direct emissions in the production process (Scope 1) and through external energy input (Scope 2), our focus is on significantly lowering climate-impacting emissions in the supply chain (Scope 3). This means carefully selecting suppliers who are equally committed to environmental, social and governance (ESG) standards, assessing their planned CO2 reductions and ensuring their transparent reporting. This approach aligns with our goal of a climate-neutral economy,” he explained. “By offering high-quality, low-emission steel grades, we support our customers on their journey to a sustainable future.”
The Group is dedicated to producing steel products in a climate-neutral manner by 2039. Thirty years ago, Georgsmarienhütte transitioned to electric steel melting, enabling up to an 80% reduction in CO2 emissions compared to traditional blast furnace production. GMH Gruppe aims to halve greenhouse gas emissions (Scope 1+2) by 2030 and reduce them by an additional 27.5% through the supply chain (Scope 3).
