Klöckner & Co commits to “Business ambition for 1.5°C”

Duisburg, Germany, January 21, 2020 – Klöckner & Co assumes its social responsibility by implementing ambitious climate goals. As one of the very first companies in Germany, Klöckner & Co steps up to 186 global frontrunners of climate change engagement and will align its business to the UN Global Compact “Business Ambition for 1.5°C”. In this regard, Klöckner & Co intends to act even more responsibly and take appropriate and verifiable measures helping to limit the global temperature rise to 1.5°C by reducing its greenhouse gas emissions.

Gisbert Rühl, CEO of Klöckner & Co SE: “We at Klöckner & Co have committed ourselves to support limiting global warming. We strongly believe that this target is only achievable through innovations and we have started our work some time ago: Our efforts in digitalization and our platform strategy greatly support our climate ambitions as we can increasingly anticipate future steel demand as well as optimize logistics even further and thus reduce CO₂ emissions.”

“Business Ambition for 1.5°C” is an initiative by the UN Global Compact. The campaign is calling for businesses to step up and take their part in limiting global temperature rise to 1.5°C. The call-to-action was announced by more than 25 businesses, civil societies and UN leaders in June 2019. It calls on companies to commit themselves to setting verifiable science-based targets at 1.5°C and/or achieve a net-zero emissions economy by 2050.