For the first time, thyssenkrupp nucera is sharing a dedicated report with its stakeholders on the company’s sustainability initiatives. In an interview, Katharina Immoor, Senior Director of Communications, ESG and Public Affairs, discusses key milestones, concrete goals and next steps.
What progress has thyssenkrupp nucera made in sustainability over the past reporting year? Where do we stand today?
We have actively strengthened our commitment to the three pillars of ESG – Environmental, Social and Governance – while intensifying our efforts both internally and externally. Internally, we have refined our strategy and set medium- and long-term global goals, including achieving net zero greenhouse gas emissions across our entire value chain by 2050. This means achieving a 100% improvement in absolute Scope 1 and Scope 2 emissions by 2030 and Scope 3 emissions by 2050.
We have also worked extensively to embed ESG in our company. This includes expanding our Sustainability team and continuously enhancing the knowledge of our colleagues worldwide on the critical topic of sustainability.
Essential is that we have established the necessary structures for processes and reporting. Sustainability has become a central criterion for managing our company, shaping both our decisions and governance. Our Management Board actively integrates sustainability into its approach. The topic is firmly anchored in the Supervisory Board through our Supervisory Board member Franca Ruhwedel, ensuring it remains highly visible.
And from an outside perspective?
The first publication of a dedicated sustainability report based on the Global Reporting Initiative standards marks an important milestone for us. It enables us to fully and transparently present our status and progress in sustainability.
What were the greatest challenges in preparing the report?
We first needed to establish the necessary prerequisites to collect and ultimately analyze the required data, addressing the complexity involved in preparing the report. This was only achievable once we had the appropriate structures in place. The considerable effort of colleagues across departments and close collaboration were key factors in its preparation.
Can you give us an indication of what's next?
Sustainability will remain a top priority at thyssenkrupp nucera in the 2024/2025 fiscal year. We are already working extensively on preparing our sustainability report for the upcoming fiscal year. This integrated report will further enhance our transparency. At the same time, it comes with more stringent requirements due to the unified standards set by the Corporate Sustainability Reporting Directive regulation. To meet these requirements, we are currently performing a second double materiality analysis. This process will offer updated and deeper insights into the sustainability topics that matter most to our stakeholders and our company, enabling us to prioritize these areas effectively.
