EQS-News

Klöckner & Co offers customers individualized Product Carbon Footprints

EQS-News: Klöckner & Co SE / Key word(s): Product Launch/Sustainability Klöckner & Co offers customers individualized Product Carbon Footprints 30.01.2023 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement.

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• Determination of the CO₂-footprint for nearly all of the around 200,000 products in the Group portfolio
• The Product Carbon Footprint (PCF) takes into account all emissions of the product, from raw material extraction to delivery to the customer's factory gate (cradle to customer entry gate).
• Calculation is performed by the company’s specially developed and TÜV SÜD-certified Nexigen PCF Algorithm in accordance with recognized international standards
• Siemens Smart Infrastructure and ZF will be the first customers to receive PCFs for deliveries by Klöckner & Co subsidiary Becker Stahl-Service

Duisburg, Germany, January 30, 2023 – Klöckner & Co regards the decarbonization of industry as a major opportunity for itself and its customers. Following the introduction of CO₂ categorizations for steel, aluminum and stainless steel products and the launch of sales for CO₂-reduced products under the umbrella brand Nexigen, the steel distributor is now taking another significant step: as a new service, customers can now have the individualized Product Carbon Footprint (PCF) calculated and "supplied" for almost every one of the around 200,000 Klöckner products. The PCF records all emissions of the product down to the kilogram – from raw material extraction to delivery to the customer's factory gate (cradle to customer entry gate). These are determined with the help of the independently certified Nexigen PCF Algorithm, which was specially developed by Klöckner & Co in cooperation with Boston Consulting Group (BCG). Thus, CO₂ emissions become transparent and visible. The steel distributor is thus further expanding its pioneering role in the transformation of the steel industry and supporting its customers in building sustainable value chains.