Climate Change Data

SSAB AB (publ)

Climate Impact & Sustainability Data (2017, 2019)

Reporting Period: 2017

Environmental Metrics

Total Carbon Emissions:9,828 kton CO2e (Scope 1)
Scope 1 Emissions:9,828 kton CO2e
Scope 2 Emissions:1,216 kton CO2e
Scope 3 Emissions:2,826 kton CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:9,210 GWh
Water Consumption:431 million m3
Waste Generated:561 kton
Carbon Intensity:1.4 tons CO2e/ton of crude steel

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced CO2 emissions by 218,000 tons (73% of the 300,000-ton target)
  • Reduced purchased energy by 304 GWh (76% of the 400 GWh target)
  • Improved utilization of by-products by 39,000 tons (78% of the 50,000-ton target)

Social Achievements

  • Launched a safety commitment initiative, aiming for all employees to sign a safety pledge by 2018
  • Improved safety performance, reducing the Lost Time Injury Frequency (LTIF) rate to 5.6 from 6.8 in 2016
  • Implemented a new SafeStart® safety training program at SSAB Americas

Governance Achievements

  • Continued to strengthen business ethics and compliance programs, including anti-corruption training and the Ethics Line

Climate Goals & Targets

Long-term Goals:
  • Fossil-free steel production by 2045 (HYBRIT project)
Medium-term Goals:
  • Achieve 10 million tons of annual CO2 savings for customers by 2025
Short-term Goals:
  • Reduce CO2 emissions by 300,000 tons by 2020
  • Reduce purchased energy by 400 GWh by 2020
  • Improve utilization of by-products by 50,000 tons by 2020
  • Increase women in leadership positions to 30% by 2019

Environmental Challenges

  • Market volatility in North America
  • Section 232 investigation in the US (potential for import tariffs)
  • High raw material prices (coke, graphite electrodes, refractories)
Mitigation Strategies
  • Secured supply of graphite electrodes and refractories until the end of 2018
  • Focused on cost leadership and maintaining a preferred supplier status in North America
  • Continued efforts in continuous improvement to enhance efficiency and productivity

Supply Chain Management

Supplier Audits: 40 site visits and audits in 2017; 2 third-party sustainability audits in China

Responsible Procurement
  • Supplier Sustainability Policy based on UN Global Compact principles
  • Supplier risk assessment based on Maplecroft and Transparency International indices
  • Self-assessment questionnaires for high-risk suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Regulatory changes, market shifts related to climate change
Opportunities
  • Development of energy-efficient products and processes, HYBRIT project

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001, ISO 50001 (some facilities)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 9 (Industry, innovation, and infrastructure)
  • Goal 12 (Responsible consumption and production)
  • Goal 13 (Climate action)

SSAB's initiatives contribute to these goals through reduced emissions, increased energy efficiency, sustainable product development, and responsible supply chain management.

Sustainable Products & Innovation

  • High-strength steels for lighter and more fuel-efficient vehicles
  • EcoUpgraded concept
  • HYBRIT project for fossil-free steelmaking

Awards & Recognition

  • American Metal Market (AMM) Award for Steel Excellence in Environmental Responsibility

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:10504 thousand tonnes CO2e
Scope 1 Emissions:9433 thousand tonnes CO2e
Scope 2 Emissions:1171 thousand tonnes CO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:9093 GWh
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Safety
  • Sustainable operations
  • Sustainable offering

Environmental Achievements

  • Achieved 296,000 tonnes (99%) of the CO2 emissions reduction target of 300,000 tonnes.
  • Achieved 463 GWh (116%) of the purchased energy reduction target of 400 GWh.
  • Achieved 51,000 tonnes (102%) of the residuals utilization target of 50,000 tonnes.

Social Achievements

  • Lost time injury frequency (LTIF) improved to 4.2 (rolling 12 months) from 6.1 in 2018.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Lower earnings in SSAB Europe and SSAB Americas.
  • Weaker business cycle and stock adjustments on the European market.
  • Squeeze on margins and costs of strike actions in Finland.
  • Lower realized prices and higher costs for planned maintenance in SSAB Americas.
  • Weaker demand in Europe and North America.
Mitigation Strategies
  • Cost savings and production adjustments to lower demand (idling one blast furnace).
  • Completed bolt-on acquisitions.
  • Launched new strategic targets to grow in special products and develop own market channels.
  • Planned maintenance outages.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • High-strength steels (SSAB EcoUpgraded and Automotive premium products)

Awards & Recognition

  • Not disclosed