Press Release
Sustainability by conviction: SHS Group Net Zero targets confirmed by SBTi
19 December 2024
The SHS Group (SHS - Stahl-Holding-Saar GmbH & Co. KGaA) with the companies Aktien-Gesellschaft der Dillinger Hüttenwerke (Dillinger) and Saarstahl AG (Saarstahl) is pursuing ambitious targets for sustainability and emission reduction. Validation by the independent Science Based Targets initiative (SBTi) has confirmed that the targets for the entire group of companies are in line with the 1.5-degree target of the Paris Climate Agreement and are scientifically sound.
“By committing to the SBTi targets, we are systematically pursuing our decarbonization goal,” said Jonathan Weber, -Member of the Management Boardof SHS – Stahl-Holding-Saar and Board member for transformation at Dillinger and Saarstahl. “We are now implementing the Power4Steel project of the century at our sites in Dillingen and Völklingen with support from the federal and state governments: we want to produce ‘green’ steel here in the future. With SBTi, we are now also committing as an entire group of companies to being carbon-neutral by 2050.”
The SHS Group committed to the SBTi emission reduction targets in December 2022. After SBTi published specific guidance for target-setting by the steel sector in April 2023, SHS developed ambitious targets for sector-specific reductions for the entire group of companies. These targets were confirmed by SBTi in December 2024.
About SBTi
SBTi is a joint initiative of CDP, the UN Global Compact, the World Resources Institute and the World Wide Fund for Nature. More than 6,000 companies worldwide have now had their climate targets confirmed by the independent initiative. In its cooperation with SBTi, the SHS Group is following the initiative’s scientifically comparable, cooperative and responsible concept to reduce carbon emissions.
About SHS – Stahl-Holding-Saar GmbH & Co. KGaA
SHS – Stahl-Holding-Saar GmbH & Co. KGaA is an operational management holding company with around 13,000 employees and a sales volume of roughly EUR 5 billion. As Germany’s third largest steel producer, its companies produce around 5 million tons of steel that is ready for shipment. It actively performs tasks for the two major steel companies in Saarland, Aktien-Gesellschaft der Dillinger Hüttenwerke (Dillinger) and Saarstahl AG. In December 2023, the EU Commission approved the funding of the common decarbonisation project Power4Steel by Dillinger, Saarstahl and the joint subsidiary ROGESA Roheisengesellschaft Saar mbH in the amount of 2.6 billion euros by the federal and state governments.
Martin Reinicke
