Grade A CDP rating for Swiss Steel Group

According to Swiss Steel, this makes it one of only four steel manufacturers assessed worldwide to achieve this highest rating in 2024 – and at the same time one of the best companies among almost 25,000 participants assessed worldwide.

A key factor in the outstanding rating, claims the company, was the validation of science-based climate targets by the Science-Based Targets Initiative (SBTi), an international partnership that supports companies setting and validating emissions targets in line with the 1.5 degree target of the Paris Climate Agreement.

In 2024, Swiss Steel Group was the first steel manufacturer in the world to have its sectoral decarbonization targets validated by the SBTi. In the first quarter of 2025, these targets were updated and revalidated by the SBTi. The ambitious, validated targets made a significant contribution to improving the CDP rating.

Swiss Steel Group has been participating in CDP reporting for several years and has continuously improved - from C in 2022 to B in 2023 and now to level A in 2024. This rating does not measure the absolute level of emissions, but the strategic quality in dealing with climate protection issues.

CDP (Carbon Disclosure Project) is an independent organization that promotes environmental transparency and rates companies, cities, states and regions in the areas of climate, water and forests. The rating system focuses on the quality of climate management – i.e. how companies reduce emissions, manage climate risks and report on their measures. The ratings awarded range from D- (inadequate disclosure) to A (leading).

The very good rating from CDP is linked to other external sustainability assessments. In 2025, the company received a gold medal from EcoVadis, an internationally recognized platform for assessing corporate sustainability. It was also awarded the German Sustainability Award in the Metal Industry category in 2024. All awards are based on externally validated data and indicators and confirm the transformation path taken towards sustainable corporate management.

The CDP rating is becoming increasingly important in the business environment. Business partners, particularly from sectors such as the automotive and mechanical engineering industries, are increasingly integrating CDP data into their supplier assessments. Lenders and investors use the CDP database to incorporate climate and ESG risks into financing decisions.

Voluntary participation in the CDP Climate Change programme also serves the Swiss Steel Group as a structural preparation for current and upcoming regulatory requirements in the area of sustainability reporting, particularly in the context of the EU Corporate Sustainability Reporting Directive (CSRD). Standardized disclosure makes it possible to present report content in a comparable, verifiable and consistent manner.