German industrial engineering and steel making conglomerate has promised to cut direct emissions by 30 per cent by 2030, as it aims for net zero by 2050 Thyssenkrupp, the German industrial conglomerate, has become the latest firm to have its climate goals approved by the Science-Based Targets Initiative, announcing late last week that its targets to cut...
Thyssenkrupp, the German industrial engineering and steel making conglomerate, has become the latest company to have its climate pledges approved by the Science-Based Targets Initiative (SBTi) after the company pledged to reduce direct emissions by 16% by 2030 as part of its 2050 net zero goal. Thyssenkrupp will also cut its supply chain emissions by 30% by 2030, against a 2017 baseline. The company said that its goals were in accordance with the Paris Climate Agreement’s aim of restricting warming to “well below” 2C. Thyssenkrupp is the 10th German firm to be approved by the SBTi.