The Swiss Steel Group has become the first European steel producer and the first secondary raw materials producer in the world to join the Carbon Disclosure Project. The company has thus taken another important step in its decarbonization strategy.
The Carbon Disclosure Project (CDP) Supply Chain Program is a global program that helps companies measure and reduce CO2 emissions from their supply chain. By understanding the environmental performance of their suppliers, companies can accurately track and improve their supply chain CO2 emissions. As part of the CDP initiative, the Swiss Steel Group has approached its 150 most important suppliers of raw and auxiliary materials with the aim of better recording their specific CO2 footprint.
This enables the company to include the environmental performance of its suppliers in the purchasing decision process. Compared to secondary emission factors, which are based on average values, requesting primary emission data directly from the supplier enables a more accurate calculation of the product carbon footprint (PCF). In the future, Swiss Steel Group will be able to provide its customers with a more accurate PCF that better reflects the carbon footprint of their specific products.
"We are proud to be a pioneer in this important area and to further expand our role as a thought leader in the Green Steel segment. We hope for the cooperation of our suppliers and that other companies will follow us," says Frank Koch, CEO of Swiss Steel Group.
As a major European Green Steel producer, Swiss Steel Group intends to remain committed to climate protection and sustainability throughout the supply chain and is determined to make its contribution to a holistic cradle-to-gate approach to CO2 emissions.