Swiss Steel Group achieves top Score of "A" in CDP Climate Change Rating

ustainability ratings conducted by the international non-profit organization CDP in the area of climate change. This achievement positions the company among only four steel manufacturers worldwide to secure this top rating in 2024, out of nearly 25,000 participants assessed globally.

The exceptional rating was significantly influenced by the validation of the company’s science-based climate targets by the Science Based Targets Initiative (SBTi). This international partnership assists companies in establishing and validating emission targets aligned with the 1.5-degree goal of the Paris Climate Agreement.

Swiss Steel Group was the first steel manufacturer globally to have its sector-specific decarbonization targets validated by the SBTi in 2024. The targets were further updated and revalidated by the SBTi in early 2025, contributing substantially to the company’s improved CDP rating.

The CDP rating evaluates the strategic quality of climate management rather than the absolute level of emissions. Swiss Steel Group’s continuous improvement from a rating of "C" in 2022 to "B" in 2023, and now to "A" in 2024, reflects its commitment to enhancing climate-related strategies.

CDP is an independent organization promoting environmental transparency through the assessment of companies, cities, states, and regions across climate, water, and forest-related areas. The rating system emphasizes the quality of climate management, focusing on emission reduction efforts, climate risk management, and transparency in reporting.

This recognition from CDP aligns with other recent achievements for Swiss Steel Group, including receiving the gold medal from EcoVadis, a recognized platform for assessing corporate sustainability, and winning the German Sustainability Award in the "Metal Industry" category in 2024. These awards underscore the company’s progress toward implementing sustainable practices and achieving climate targets.

Voluntary participation in the CDP Climate Change program serves as a proactive measure to prepare for evolving regulatory requirements, particularly in relation to the EU Corporate Sustainability Reporting Directive (CSRD). Standardized disclosures facilitate the presentation of verifiable, consistent, and comparable reporting content.

Source and Photo: Swiss Steel Group