PWO Group advances its sustainability strategy with the purchase of “green steel” starting in 2026

EQS-News: PWO AG / Key word(s): Sustainability/ESG
PWO Group advances its sustainability strategy with the purchase of “green steel” starting in 2026
13.12.2023 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

PWO Group advances its sustainability strategy with the purchase of “green steel” starting in 2026


Carlo Lazzarini (CEO): "We have already achieved extensive reductions in greenhouse gas emissions in our production and energy procurement processes. Now we are also accelerating the decarbonization of our value chain. This step reiterates our commitment to our ambitious climate protection goals."

Oberkirch, December 13, 2023 – The PWO Group continues to implement its sustainability strategy at a rapid pace. In order to reduce greenhouse gas (GHG) emissions when purchasing steel, the most important raw material for our business, we signed a partnership agreement with Salzgitter Mannesmann Stahlservice GmbH — a subsidiary of Salzgitter AG — to purchase "green steel" from Salzgitter starting in 2026. This will enable us to offer our customers an environmentally friendly alternative to conventionally produced steel in the future.

With the "SALCOS® - Salzgitter Low CO2 Steelmaking" transformation program, the Salzgitter Group will gradually convert its steel production to hydrogen-based processes. The aim is to achieve virtually CO2-free production starting in 2033. The classic blast furnace route is to be replaced by a production route using direct reduction and electric arc furnaces.

Jochen Lischer, CFO, emphasizes: "Our agreement represents a milestone in the decarbonization of our value chain. By 2030, we want to reduce our absolute GHG emissions in Scope 3 by 28.0 percent versus the base year of 2019. The purchase of "green steel" from Salzgitter Mannesmann Stahlservice GmbH, with a CO2 footprint in production that is up to 95 percent lower, will help us to realize this goal."

Michael van der Vlist, Managing Director of Salzgitter Mannesmann Stahlservice GmbH, adds: "We are delighted to be expanding our cooperation with the PWO Group in such a forward-thinking manner. The successful transformation to a climate-neutral economy depends on a network of strong partners who ensure that the market for CO2-reduced steel products continues to grow."


The Executive Board & The Management


Contact PWO:
Charlotte Frenzel
Investor Relations & Corporate Communications

T. +49 179 6904 237



PWO Group: Pushing boundaries in lightweight metal solutions



We are a global company in the mobility industry that is helping to shape the environmentally friendly mobility of the future through innovations and is entirely independent of combustion engines.

With our expertise in climate-friendly lightweight construction, we are technology leaders and combine economic efficiency with sustainability. We develop and produce sophisticated metal components and complex subsystems at the frontiers of what is technologically feasible. We meet the challenges of our time with innovative and sustainable concepts. Above all, we want to seize the opportunities it offers.

As a value-based employer with informal structures at a global level, we thus offer our employees a meaningful environment for realizing their personal prospects. Transparent and responsible corporate governance is an integral part of our self-image.

Our corporate strategy is summed up by the slogan PEOPLE. PLANET. PROGRESS.


Contact SMS:
Andreas Marks
Marketing & Business Development

T. +49 721 9557 810
M. +49 160 9463 0986

13.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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