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.
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 30% by 2030 as part of its 2050 net zero goal. Thyssenkrupp will also cut its supply chain emissions by 16% 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.