Thyssenkrupp Aims to Cut Emissions by 30% Over Next Decade

Date : 07/02/2019 @ 12:18PM
Source : Dow Jones News
Stock : ArcelorMittal (MT)
Quote : 15.208  -0.372 (-2.39%) @ 2:01AM
ArcelorMittal share price Chart

Thyssenkrupp Aims to Cut Emissions by 30% Over Next Decade

ArcelorMittal (EU:MT)
Historical Stock Chart

6 Months : From May 2019 to Nov 2019

Click Here for more ArcelorMittal Charts.
   By Maitane Sardon 

Germany's Thyssenkrupp AG (TKA.XE) on Tuesday said it aims to reduce its carbon-dioxide emissions by 30% over the next ten years as part its goal to align its strategy with the Paris Agreement on climate change.

The group--that produced 24 million tons of CO2 emissions last fiscal year--said it wants to reduce emissions generated by its products by 16% through 2030. It also aims to be carbon-neutral by 2050.

The announcement follows a similar move by European steelmaker ArcelorMittal(MT.FR) which said in May that it aims to be carbon neutral in its European operations by 2050.

"The threats of climate change are affecting us all," said Thyssenkrupp's CEO Guido Kerkhoff."As a globally operating industrial company, we have a particularly large lever [of greenhouse gas emissions]. We take this responsibility very seriously."

The announcement comes as the steelmaking industry, which generates between 7% and 9% of the world's CO2 according to the World Steel Association, faces increasing pressure from environmentally-minded investors.


Write to Maitane Sardon at


(END) Dow Jones Newswires

July 02, 2019 08:03 ET (12:03 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20191114 04:46:21