Thyssenkrupp AG

At thyssenkrupp we are firmly committed to the international targets of the Paris Climate Agreement and their national implementation. In doing so we want to make a significant and rapid contribution to decarbonization while at the same time maintaining a high-performance industrial region. Climate protection though is a true challenge for society-at-large and requires common solutions and joint implementation from companies, politics and civil society alike. Our direct and indirect engagement is consistently in line with our commitment to the Paris Climate Agreement thyssenkrupp plays an active role on all levels to advance Climate Action: * Climate protection only works globally and requires an adequate regulatory framework on all policy levels. thyssenkrupp is engaged in the **political discussions** and is a regular at the UN climate conferences (COP). We follow the process on the EU Long-Term Strategy and the Commission Agenda, to ensure compatibility of climate protection and global competitiveness. * We advance our positions also through **federations and trade associations** and are active in key bodies such as BIAC (Business and Industry Advisory Committee to the OECD) in Paris, the climate activities of the German Federation of Industry (BDI) in Berlin. * Our **employees** are the backbone of successful climate action and are multipliers of our efforts. * Bringing climate action into the **supply chain** and to our **customers** is core business for us. In addition to bilateral activities we engage in overarching activities such as "Wirtschaft macht Klimaschutz" of the German Federal Ministry for Environment. * Involving **science and research** happens constantly. Amongst many others we are in the advisory board of the German Ministry for Research and Education for its framework project "Dialogue Climate Economy" and play a leading role at "IN4Climate.NRW" at state government level in North-Rhine-Westfalia. We are in constant exchange with a large number of political **ThinkTanks and Research Organizations** in all areas of climate. * thyssenkrupp supports the efforts of the UNFCCC Technology Executive Committee (TEC) process to identify amongst others required climate technologies to achieve climate ambition and national designated targets particularly in **developing countries**. One of the official elected representative of business and industry in the process is currently from thyssenkrupp.

We apply the following guidelines in our business interest representation work: * Promote transparency: Our political business interest representation is conducted within a coordinated, open and transparent framework. * Observe clear rules: We are committed to a form of political business interest representation that is conducted on the basis of international and national law. We apply the principles of integrity and professionalism. * Apply standards: Regulatory and ethical standards are rigorously observed. We strictly follow the U.N. Convention Against Corruption and prohibit corrupt behavior as defined in this convention. * Pursue our corporate objectives: We introduce our commercial priorities and objectives into the political decision-making process and support them with our expertise as long-term partners and advisers. [...] The information provided in the Transparency Report is regularly updated following the release of the Annual Report. The reporting period of this Transparency Report covers the fiscal year 2022/2023 (October 2022 through September 2023).

The Risk and Internal Control Committee as well as the Audit Committee decide on counteractive measures and required provision for the risk. Strategic opportunities from climate change, such as the development of innovative materials or completely new business models, are dealt within the regular strategic exchange between the businesses and the Executive Board and also in the Sustainability Committee.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]TK Elevator (TKE) is committed to leading the way toward a low-carbon future, recognizes the importance of limiting global warming to 1.5°C, and has pledged to achieve net-zero global emissions by 2050 at the latest. We also aim to reduce our carbon emissions in support of the "Business Ambition for 1.5°C† initiative. At TKE, we have set emission targets across the entire value chain via the Science Base Target initiative (SBTi), which has validated our emissions reduction commitment in line with what climate scientists say is needed to meet the goals of the Paris Agreement. We aim to reduce direct emissions (Scope 1) and indirect emissions from energy purchases (Scope 2) by 53% by 2030 relative to 2019, and we are aiming for a 23% reduction in the scope 3 emissions associated with the use of our products by 2030, referenced to 2021 as the base year. These targets are in line with our long-term reduction commitment to achieve net-zero global emissions by 2050 at the latest.

Our climate targets are communicated top-down to the Business Units (BU) of TKE, which shall align their engagement initiatives and other local activities to our global approach. Every BU has a BU Coordinator who monitors the progress of our climate targets and KPIs, and coordinates all engagement initiatives and other local activities in line with the global targets.

With our Science Based Targets in place and the coordination by our BU Coordinators of all engagement initiatives and other local activities, we ensure all our engagement activities are consistent with our overall climate change strategy.

For instance, our Business Unit Europe Africa engaged in the development of an Ecodesign Preparatory Study for the the Ecodesign Directive (Directive 2009/125/EC) leaded by the European Commission. In this case the engagement was done directly with the policy makers, the Eropean Comission, and indirectly through trade associations and was coordinated internally by the BU Coordinator with our overall climate change strategy.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]thyssenkrupp is committed to the Paris Climate Agreement and follows the recommendations of the TCFD with great interest. Since many years we systematically drive the energy and climate efficiency of our production and together with our customers, we develop efficient solutions to reduce greenhouse gas emissions. To systemize our efforts in pursuing our climate targets we have initiated our groupwide Climate Action Program for Sustainable Solutions (CAPS). Within its three pillars #IMPLEMENT, #ENABLE und #ENGAGE we bundle our activities to most effectively realize synergies.
Climate protection only works globally and requires an adequate regulatory framework on all policy levels. thyssenkrupp is engaged in the political discussions and is a regular at the UN climate conferences (COP). We follow the process on the EU Long-Term Strategy and the Commission Agenda, to ensure compatibility of climate protection and global competitiveness. We advance our positions also through federations and trade associations and are active in key bodies such as the climate activities of the German Federation of Industry (BDI) in Berlin. Bringing climate action into the supply chain and to our customers is core business for us.
In addition to bilateral activities we engage in overarching activities such as "Wirtschaft macht Klimaschutz† of the German Federal Ministry for Environment.
Involving science and research happens constantly. Amongst many others, we are in the advisory board of the German Ministry for Research and Education for its framework project "Dialogue Climate Economy† and play a leading role at "IN4Climate.NRW† at state government level. We are in constant exchange with a large number of political ThinkTanks and Research Organizations in all areas of climate. We aim to make ambitious future orientated Climate Action a reality already today.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes