SSAB is undertaking a strategic roadmap to revolutionize iron- and steelmaking, and to be the world’s first steel company to deliver iron ore-based fossil-free steel to the market in 2026. This includes an active leadership role in the HYBRIT joint venture initiative with LKAB and Vattenfall. The target is to be fossil free as a company by 2045.
SSAB’s renewed sustainability strategy “With the future in mind” has two main themes: First in fossil-free steel and Leading sustainability performance. The strategy includes goals and targets for both the short and long-term.
SSAB’s blast furnace- based production is among the most CO₂ efficient in the world. This gives a competitive advantage to SSAB and its customers.
The core of SSAB’s business is to develop and produce Advanced High-Strength Steels (AHSS) and Quenched & Tempered (Q&T) steels that are stronger than ordinary steels. This in turn helps our customers to produce lighter and stronger products, thereby reducing their environmental footprint.
SSAB works toward a fossil-free steelmaking process through the HYBRIT initiative and by eliminating other fossil related emissions, with a goal to offer fossil-free steel to the market in 2026. In cooperation with LKAB, our iron ore supplier, and Vattenfall our energy provider, we form a fossil-free value chain.
SSAB is determined to be the world’s safest steel company, with the objective of achieving zero accidents, work-related injuries and illnesses. Everyone has the right to a healthy, accident-free work environment in SSAB. We will minimize, as far as possible, health and safety risks everywhere we operate.
For SSAB, circularity is a key factor in increasing efficiency to help mitigate environmental impact. We continuously work to optimize the value of our by-products, scrap and waste, with a focus on sustainability and value creation.
SSAB has approximately 20,000 active suppliers in more than 60 different countries. Suppliers must comply both with SSAB’s standards and with international ethical, social and environmental guidelines in order to remain qualified suppliers for SSAB.
SSAB has launched an extensive research project, FFS – Towards Fossil-free Steel, in Finland. In the project, SSAB will work together with industrial and research partners to explore different solutions and alternatives to produce fossil-free steel and thus the ways to withdraw entirely from the use fossil energy.
Ruukki Construction, a subsidiary of SSAB Group, is committed to being the first company to offer its customers fossil-free steel building products. The building products will be made from fossil-free steel based on SSAB’s HYBRIT technology and the plan is to launch them at a commercial scale on the market in 2026. Already before then, Ruukki aims to pilot the use of fossil-free steel together with selected customers.
VR Transpoint and SSAB have signed a contract on the rail transport of raw materials and products. The goal is to halve the transport emissions covered by cooperation by 2024.
Anti-corruption compliance in business is important. SSAB has implemented clear instructions for our employees in order to guide us through our daily operations and how we act in relation to business partners.
A key element of SSAB’s business strategy is to build a high-performing organization with strong employee engagement globally. SSAB will continue to work with leadership and competence development, and strive to enhance inclusion and diversity in the workforce.