pg. 1

"Klöckner & Co commits to ambitious climate targets and aims for net zero emissions by 2040 With those targets, Klöckner & Co will achieve a 50% reduction in its scope 1 and 2 emissions –meaning emissions associated with the business itself, such as from Company-owned vehicles and purchased energy – by 2030. In Scope 3, the Company will likewise reduce directly controllable emissions (such as from business travel) by 50% by 2030. Non-directly controllable emissions (Scope 3 – for example, bought-in products and services) will be cut by 30% by 2030."

pg. 2

"For the long term, Klöckner & Co additionally plans to reduce directly controllable emissions to net zero by 2040 (Scope 1, Scope 2 and Scope 3 emissions under direct influence). In Scope 1 and 2 alone, this will enable the Company to save some 90,000 tons of carbon in its own emissions per year. Emissions that it can only control indirectly – primarily from bought-in steel products – are to be cut to net zero by 2050."

"Specific action package to reduce emissions

Activities to this end include further centralization of energy procurement and a progressive switch to renewable energy sources. In this way, the Company will accelerate the conversion of its multi-local business to renewables throughout the Group. In addition, Klöckner & Co has also already begun converting its car and truck fleet to innovative means of propulsion, including electric mobility and hydrogen."

pg. 3

“Klöckner & Co has entered into partnership with the Swedish start-up H2 Green Steel (H2GS) in order to secure access to substantial quantities of virtually carbon-emission-free steel. Under the partnership, up to 250,000 t of green steel is initially to be supplied from 2025, with an option to increase the volume in future years.”