4. April 2023

Swiss Steel Group receives DNV audit statement for group-wide CO2 emissions 2021

April 4, 2023, Lucerne - Swiss Steel Holding AG has commissioned DNV Business Assurance Germany GmbH to carry out an independent audit ("limited assurance") of CO2 emissions for the 2021 financial year. The result for the plants of Swiss Steel Group has now been officially presented.

DNV Business Assurance Germany GmbH carried out its audits on site at the most important Swiss Steel plants: Ascometal in Fos-sur-Mer & Hagondange, Deutsche Edelstahlwerke in Hagen, Krefeld, Siegen and Witten, Finkl Steel in Chicago and Sorel in Canada, Steeltec in Emmenbr├╝cke, Switzerland, Ugitech in Ugine and Imphy, and Milan.

The audit statement states, among other things, "Based on the tests we performed and the evidence we obtained, nothing has come to our attention that causes us to believe that the selected information has not been prepared, in all material respects, in accordance with the criteria.  [....] The scope and limitations of our work are limited to the key figures included in the report, which are presented here."

Frank Koch, CEO of Swiss Steel Group, commented, "Sustainable steelmaking is in the DNA of Swiss Steel Group, which is strongly committed to decarbonization and green steel. The audit statement now available from DNV Business Assurance Germany GmbH will further enhance our sustainability rating, transparency and credibility as a leader in green steel and will already help the Group to meet the new legal reporting requirements in the future."

Swiss Steel Group is driving decarbonization forward

As Europe's largest steel producer on the EAF route, Swiss Steel Group is up to 80% better than producers on the blast furnace route in terms of CO2 emissions. This is a good starting position on the way to market leadership, but it is by no means enough for the internationally active group.

The Group operates exclusively on the basis of scrap. This massively reduces the CO2 footprint compared with the traditional production of steel based on iron ore and coke. The higher the scrap input, the more ecological the resulting steel. This is an important prerequisite for the production of "Green Steel".

Swiss Steel Group has now launched "Green Steel", an offensive for low-CO2 steel. The decisive factor for customers and the public is that all measures are coordinated and publicly traceable. "Green Steel" is therefore not just a tool to help reduce the emissions of the entire Group step by step and systematically. It is intended to support the customers and partners of Swiss Steel Group in reducing their Scope 3 emissions and to encourage them to do more for climate protection.


About Swiss Steel Group
The Swiss Steel Group is one of the leading suppliers of individual solutions in the field of special steel long products worldwide. In both tool steel and stainless long steel, the Group is one of the leading manufacturers in the global market and is one of the two largest companies in Europe for alloyed and high-alloyed engineering steel. With almost 10,000 employees and its own production and distribution companies in over 30 countries on five continents, the company offers a complete portfolio of production and sales & services worldwide.


Anina Berger
Vice President Corporate Marketing and Communication

Steeltec AG
c/o Swiss Steel Holding AG
Landenbergstrasse 11
CH-6005 Lucerne
Tel: +41 (0) 41 581 4121


Helmut Freiherr von Fircks

Steeltec AG
c/o Swiss Steel Holding AG 
Landenbergstrasse 11
CH 6005 Lucerne
M: +41 795484895
M: +49 172 296 2222