Cronimet says recycling is key sustainability factor

Cronimet Holding GmbH, as part of its first groupwide sustainability report, says its business units helped recycle some 1.57 million metric tons of stainless steel in 2021.

“We ensure that metal raw materials are preserved through recycling and returned to the cycle,” the Germany-based company says in the introduction of its 2021 sustainability report. “To achieve this we use cutting-edge technology, modern IT [information technology] and our global network.”

Cronimet says it “follows the internationally recognized standard of the Global Reporting Initiative (GRI)” when measuring its sustainability metrics.

“With standard-compliant reporting, we want to report comprehensively and transparently on our sustainability commitment in all dimensions,” says Bernhard Kunsmann, chief financial officer of Cronimet Holding GmbH.

The company says it intends “to reduce directly caused CO₂ emissions across the Group by 2030 and become CO₂ neutral in Scope 1 and 2, as well as achieve the Net Zero standard of the Science Based Targets initiative (SBTi) by 2050.”

Kunsmann says, “This is a very ambitious goal that we are pursuing with vigor and strategy because we are convinced that, as a company in the circular economy, we can also make our contribution here.”

“We embody sustainability in our business model and in the way we see ourselves,” says majority shareholder and CEO Jürgen Pilarsky. “But, it is not enough for us, as the world market leader in stainless steel recycling, to make a significant contribution to resource efficiency by returning valuable raw materials to the materials cycle. We want to go beyond this and make our corporate practices even more sustainable at every point: for the environment, our employees, our company and for society.”

The company's report also refers to safety and community service activities undertaken by Cronimet around the world.