Climate Is Precious to Us
Our business activities result in carbon emissions at our company and along our value chain. We pledge to our responsibility by putting a high priority on a significant and timely reduction of our carbon footprint.
Targets and Key Figures
Net Zero by 2033, Scope 1+2
We aim to reach net zero in our own operations by reducing our Scope 1 and Scope 2 emissions by at least 90% compared to 2019 and neutralizing residual emissions.
100% Green Electricity and -20% Energy Consumption by 2025
To achieve timely and significant reductions, we have set ourselves two ambitious milestone targets by 2025. Firstly, we aim to meet 100% of our electricity demand from green sources. Secondly, we aim to reduce our energy consumption by 20% compared to 2019.
-50% indirect carbon emissions by 2033, Scope 3
We will reduce the greenhouse gas emissions along our value chain chain by 50% compared to 2020. As the precious metals we purchase account for an overwhelming proportion of our Scope 3 emissions, we focus on engaging with our mining partners and increasing secondary precious metals volumes.
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We have committed to an ambitious goal: becoming net zero for our own operations by 2033. We are seeing very good progress, yet there is still a lot more to achieve. Sustainability is a true transformation project and needs to underlie everything we do.
Our Decarbonization Roadmap
In 2021, we committed ourselves to a highly ambitious climate program: becoming net zero for our own operations, Scope 1 and 2, by 2033. In 2023, we additionally set ourselves the target of achieving a 50% reduction in emissions along our value chain, Scope 3, by 2033 compared to 2020.
Our Carbon Footprint
By the end of 2024, we successfully reduced our Scope 1 and 2 emissions by 42% since 2019, while growing our business by 37% over the same period.
In 2024, more than 98% of our Scope 3 emissions resulted from the purchase of precious metals. Since 2020, our total Scope 3 emissions decreased by 27%.
Increasing Energy Efficiency
The Greenest Energy Is the One We Can Avoid
We aim to reduce our energy consumption by 20% until 2025, compared to our base year 2019. By the end of 2024, we have successfully reduced our energy consumption by 17%.
Green Electricity
We Prioritize Solutions That Add New Capacities
We aim to use 100% green electricity at all our sites from 2025 onward. By the end of 2024, we met 57% of our electricity demand from green sources. We have invested in on- and near-site PV systems at most of our production sites worldwide. In addition, we enter long-term power purchase agreements (PPAs) with renewable developers. Lastly, we purchase energy attribute certificates (EACs) in accordance with RE100.
Transitioning Away From Fossil Fuels
New Technologies – for a World That Does Not Depend on Fossil Fuels
Using natural gas is inevitable today, especially for our recycling operations, for example as a medium for heating recycling furnaces or for exhaust-gas treatment. As a key measure to achieve our net zero target, we intend to phase out the use of fossil fuels by 2033. This entails major challenges not only in terms of processes, but even more so with regard to the infrastructure.
Over the past few years, our facilities have identified the largest energy consumers and developed individual transformation roadmaps. Various projects have already been realized or are currently in realization. One particular example is the replacement of a gas-fueled chamber furnace with the first electrically powered furnace of its kind at our German headquarters.
Circlear – Products Made with 100% Recycled Precious Metals
Find out how Circlear – products with 100% recycled precious metals content – can help our customers significantly reduce their Scope 3 emissions. Circlear’s 100% recycled content is based on mass balance and has been verified by TÜV SÜD according to ISO 14021.
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