Sustainability targets

SSAB’s sustainability strategy includes targets for both the short and the long-term. Read about some of our targets below. All our sustainability targets are presented in our Annual report.

First in fossil-free steel

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Use steel better: Environmental benefits with SSAB’s steels

The SSAB EcoUpgraded concept highlights the environmental benefits of upgrading to high-strength steel, including reduced emissions from lower weight, improved fuel economy and extended product lifetime, but also from SSAB customers using less steel, when upgrading to high-strength steels.

Our target for 2022 is set at 1 million tonnes of steel saved, defined as weight reduction through upgrading. It is based on the volumes of our high-strength steels delivered into our customers’ products, compared to today’s industry standards.

First in fossil-free steel

SSAB is undertaking a strategic roadmap to revolutionize steelmaking, and to be the world’s first steel company to deliver, in 2026, fossil-free steel to the market. This includes an active leadership role in the HYBRIT joint venture initiative with LKAB and Vattenfall. Various milestones for SSAB and HYBRIT are outlined as targets for the coming years.

Leading sustainability performance

Safety first

We believe everyone has the right to a healthy, accident-free work environment in SSAB. Our goal is to prevent all injuries and work-related illnesses and to become the world’s safest steel company.

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Targets 2022 2025
LTIF 1.63 <1.5
TRIF 7.7 <5.0

LTIF = Number of injuries resulting in an absence of more than one day per million working hours (Lost Time Injury Frequency).

TRIF = Number of recordable injuries per million working hours (Total Recordable Injury Frequency).

Resource-efficient operations

SSAB is committed to minimizing any adverse environmental impacts from our operations. We work with continuous improvement to minimize emissions and improve material and energy efficiency. SSAB has taken a policy decision to fundamentally transform the Nordic strip production and accelerate the green transition. The ambition is to largely eliminate carbon dioxide emissions in our own operations in around 2030, 15 years earlier than previously announced.

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Target KPI 2022 2026 2032
Greenhouse gas emissions reduction, base year 2018 CO2e reduction, million tonnes 0.5 1.8 4.1
CO2e reduction, % 4% 15% 35%
Circularity (in the Nordic production system) Use of scrap/H-DRI 20% 39% 54%
Slag utilization 82% 100% 107%

Science Based Targets initiative (SBTi) has approved the CO2e emission reduction target for target year 2032 which includes Scope 1 and Scope 2 emissions. Following SSAB’s announcement in January 2022 of the policy decision to accelerate the green transition, we will review our climate target as part of the pre-feasability phase, including to be in line with a 1.5 degree scenario.

Science Based Targets

Inclusion & Diversity

A key element of SSAB’s strategy is to build a high-performing organization with strong employee engagement. A part of this work is to promote a diverse workforce in order to secure a wide range of abilities, competences and experience.

Target 2022 2025 2030
Women in top management positions 32% 35% 37%