Outokumpu is the first stainless steel producer to provide a product-specific carbon footprint based on continuous production data
Outokumpu is committed to helping its customers reduce their climate emissions. As part of its ongoing sustainability development efforts, Outokumpu is the first stainless steel producer to provide a specific carbon footprint for its stainless steel products. This will both help customers achieve their emission reduction goals and support Outokumpu’s long-term climate goals* and sustainability strategy.
“As the world leader in sustainable stainless steel, we are the forerunner to move the entire industry forward. At the same time, when customers pay more attention to reducing emissions, they demand more accurate information about the carbon footprint of each product and solution. We are pleased to be the first stainless steel producer to provide information on products produced in our factories in Europe. Now customers can use the data to calculate the carbon footprint of their products and provide more sustainable solutions to the market,” says Stefan ErdmanChief Technology Officer & Group Sustainability at Outokumpu.
The particularity of the calculation model used by Outokumpu is based on continuous monitoring of production data.
“In addition to customer value, the product-specific carbon footprint brings full transparency to the sustainability work that Outokumpu performs,” Erdmann continues.
The transport industry shows an example of the urgent need for action to reduce emissions
One of the industries benefiting from a product-specific carbon footprint is transportation. Transport accounts for 21% of global carbon emissions and emissions from the transport sector are expected to increase by 20% by 2050**. Biofuels and electric vehicles are already being used to reduce emissions from heavy road traffic, but we also need to use other solutions. The reduction in emissions from a new vehicle is also affected, for example, by the steel material used in the manufacture of the vehicle and its carbon footprint.
“Road transport, particularly buses and coaches, is an area where stainless steel can have a very big impact in helping to achieve carbon neutral mobility. Companies in the sector have ambitious climate goals and the demands of end customers, along with upcoming requirements from all major OEMs, are driving climate work.With this new feature, it’s also exciting to see how customers could now design CO2-emissions optimized products for future generations of applications – e.g. next generation vehicles,” says Marcus BucknerMobility & Transport Manager at Outokumpu.
“Today, many companies calculate and report their direct and indirect emissions, but there is an increasing need to reduce all other indirect emissions in a company’s value chain. To calculate the total CO2emissions throughout the supply chain, it is essential to know CO2impact of the pre-material – and this is why product-specific information is needed. Outokumpu is in an excellent position to support the steel industry, knowing that it is the only stainless steel producer to declare emissions from all three scopes and to play a leading role in the use of recycled materials at over 90% worldwide,” continues Buckner.
*) Outokumpu’s climate target is to reduce carbon dioxide emissions by 42% by 2030 compared to the base year 2016. This translates to a reduction in emissions of 14% by the end of the year. end of 2025 compared to 2021 levels, in line with science-based targets. the initiative’s 1.5 climate target. Outokumpu is the only stainless steel producer with an initiative-approved climate target.
**) https://www.weforum.org/agenda/2021/11/global-transport-carbon-emissions-decarbonise/
For more information:
Product carbon footprint | Outokumpu
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