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Green Finance @ voestalpine

voestalpine is fully committed to the global climate goals through near-term targets for reducing direct and indirect greenhouse gas emissions validated by the Science Based Target initiative (SBTi) as consistent with Well-Below 2°C pathways. The Group has a clear plan for decarbonizing steel production that is reflected into the Green Financing Framework (the “Framework”).

Green Financing Framework
Corporate Responsibility
Bonds and Reports

Step by step approach towards a green future

  • 20% green steel+32% industrial business=52% 
    of voestalpine’s business with no material Scope 1 + 2 carbon emissions
     
    Industrial business with 0% material CO2 emissions
    Metals business 20% climate friendly EAF using renewable energy (green steel)
     

  • 33% green steel+32% industrial business=65% 
    of voestalpine’s business with no material Scope 1 + 2 carbon emissions resp. transformed production
     
    Industrial business with 0% material CO2 emissions
    Metals business 33% climate friendly EAF using renewable energy (green steel)
     
    >> 2 blast furnaces replaced by 2 EAFs

  • 48% green steel+32% industrial business=80% 
    of voestalpine’s business with no material Scope 1 + 2 carbon emissions resp. transformed production
     
    Industrial business with 0% material CO2 emissions
    Metals business 48% climate friendly EAF using renewable energy (green steel)
     
    >> 4 blast furnaces replaced by 3 EAFs

  • 100% net zero CO2 emissions
     
    Industrial business with 0% material CO2 emissions
    Final blast furnace replacement by the most sophisticated technological and economical option:
    + H2-DRI-process
    + Hyfor / SuSteel / CCU/CCS ...

voestalpine's path to net zero CO2 emissions

SBTi has confirmed that voestalpine´s net zero targets are credible and in line with the goal of limiting global warming to 2.0°C

"The Net-Zero Standard gives companies a clear blueprint on how to bring their net-zero plans in line with the science, which is non-negotiable in this decisive decade for climate action. Because we are running out of time." Johan Rockström, Director of the Potsdam Institute for Climate Impact Research (PIK) and Professor in Earth System Science at the University of Potsdam

voestalpine Group Overview

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Corporate Responsibility Management

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Reporting - Allocation & Impact