The company announced that it has signed a partnership agreement with Salzgitter Mannesmann Stahlservice GmbH to reduce greenhouse gas (GHG) emissions when purchasing its most important raw material, steel. "This will enable us to offer our customers an environmentally friendly alternative to conventionally produced steel in the future," says PWO.
"We have already achieved extensive reductions in greenhouse gas emissions in our production and energy supply processes and are now accelerating the decarbonisation of our value chain," says Carlo Lazzarini, chief executive officer of PWO.
Jochen Lischer, the company's chief financial officer, adds: "By 2030, we want to reduce our absolute greenhouse gas emissions in Scope 3 by 28% compared to the base year 2019. The purchase of 'green steel' from Salzgitter Mannesmann Stahlservice, whose CO2 footprint in production is up to 95% lower, will help us realise this goal."
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