Annual Report

The report describes Klöckner & Co's 2023 progress in decarbonization, including a 52% reduction in Scope 1 and Scope 2 emissions against the 2019 baseline and 96% renewable electricity consumption. It also highlights the introduction of the Nexigen PCF Algorithm and Nexigen Data Services, which provide product-carbon-footprint transparency and reduction options. The company reports SBTi-validated net-zero targets covering directly controllable emissions by 2040 and the entire value chain by 2050. Sustainability reporting includes double materiality analysis, EU Taxonomy disclosures, TCFD-based climate reporting, and limited external assurance.