Cronimet joins decarbonization initiative

The Karlsruhe, Germany-based Cronimet Holding Group says it is joining the Science Based Targets initiative (SBTi), a nonprofit effort to reduce carbon emissions globally.

In joining the London-based SBTi, stainless steel and alloys scrap recycling firm Cronimet says it is committing itself to the climate protection goals of the international initiative and “at the same time lines up with the ‘Business Ambition for 1.5  degrees Celsius’ campaign of the United Nations Global Compact.”

Cronimet says the SBTi commitment will entail the company setting short- and long-term targets for companywide emission reductions “to comply in line with the science-based net-zero standards of the SBTi.”

Cronimet CEO Jürgen Pilarsky says, “Joining the SBTi represents another consistent step in our CSR [corporate social responsibility] strategy. Of course, the goals we have set are high. As a company in the circular economy, we acknowledge our responsibility and want to contribute to a sustainable future. The fight against climate change is part of this and requires the quickest of action from all of us.”

To achieve its goals, Cronimet says it focuses on avoiding emissions by using renewable energies, electrifying its machinery and vehicle fleet and reducing emissions through other efficiency measures.

“In our climate strategy we have developed concrete measures for those responsible on-site to plan and implement their specific reduction targets,” says Cronimet Head of CSR Management Konstantin Müller.

The Cronimet Holding Group, founded in 1980, says it has more than 1,500 employees at 68 locations globally, including 11 offices and scrap yards in the United States.