About this report

Sustainability is a core component of thyssenkrupp’s mission statement and an integral part of our corporate strategy. In this sustainability report, we disclose our environmental, social and governance performance, thereby creating transparency in respect of our corporate responsibility.

We have prepared the sustainability report in fulfillment of the requirements of Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 (Corporate Sustainability Reporting Directive, CSRD) and with the requirements for a consolidated non-financial statement contained in §§ 315b and 315c of the German Commercial Code (HGB) and for a non-financial statement contained in §§ 289b to 289e HGB. Since the 2022 / 2023 reporting year, we are required to make additional disclosures on the taxonomy alignment of our economic activities within the framework of the EU Taxonomy. These disclosures are also integrated into the sustainability report.

The sustainability report was prepared for the first time and with full application of the first set of the European Sustainability Reporting Standards (ESRS) as the framework. The non-financial statement for thyssenkrupp AG was prepared without application of a framework.

The CSRD marks a significant step toward greater transparency and comparability in sustainability reporting by European companies and significantly expands the disclosure requirements for reporting undertakings. It entered into force in the EU on January 5, 2023, and must be transposed into national law by the member states. The ESRS give substance to the requirements outlined in the CSRD. As a Delegated Regulation, they should be applied directly in all EU member states.

The ESRS precisely define the reporting obligations. Reporting follows the principle of double materiality: Undertakings must report material sustainability matters, in terms of both the impact of their operations on society and the environment as well as the economic relevance of the risks and opportunities caused by external influences. Furthermore, in the separate subsections of the sustainability report, we address risks resulting from negative impacts of thyssenkrupp’s operations on non-financial aspects such as the environment and society. Based on our risk analysis, no additional material non-financial risks have been identified that have to be reported in accordance with § 289c HGB.

The contents of the sustainability report relate to fiscal year 2024 / 2025 and apply equally to the thyssenkrupp group and thyssenkrupp AG.

The following table shows how sustainability matters in accordance with the requirements of the HGB are reconciled to the ESRS topical standards that are material for thyssenkrupp. It also shows the sections in which these matters are described.

We apply the ESRS structure in this report. The sustainability report index shows which ESRS disclosures are material to thyssenkrupp and where they are located in the report. This index can be found in this section under “IRO-2 Disclosure requirements in ESRS covered by the undertaking’s sustainability report.”