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In addition to the extensive reduction measures across all scopes, the Company already offsets the currently unavoidable Scope 1 and 2 emissions by investing in high-quality, certified offsetting projects. For the long term, the Company also plans to reduce directly controllable carbon emissions to net zero by 2040. The adopted medium-term carbon reduction targets were recognized by the SBTi in January 2022 as science-based targets. In a first step, Klöckner & Co aims to significantly reduce its directly controllable greenhouse gas emissions by 2030. The Company embraces its environmental responsibility under the slogan "kloeckner takes action 2040" and already signed up in 2020 - as one of only a select few players in the steel sector - to the Science Based Targets initiative (SBTi) "Business Ambition for 1.5 C" campaign, the world's most ambitious and high-profile framework for emission reduction. Klöckner & Co attained key milestones last year in establishing itself as a pioneer of a sustainable steel industry. Klöckner & Co as pioneer of a sustainable steel industry: targets, partnerships and categorization metric
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In the tool's next development stage, it should digitalize and automate a full 80% of sales processes and soon be deployed in other parts of Klöckner & Co's value chain. Klöckner & Co consequently generated digital sales of over 1 billion via the solution in 2021. The AI-driven Kloeckner Assistant application has been expanded and is now a key tool in the increasingly automated processing of quotes and orders. Digital unit kloeckner.i was repositioned, a hub was established in the USA and the share of sales generated via digital channels increased to 46% in fourth quarter. Implementation of the Group strategy further accelerated digitalization and automation at Klöckner & Co in the past year. We have built up distinct strengths and capabilities in recent years that we are now systematically leveraging to become the leading digital one-stop-shop platform for steel, other materials, equipment and processing services in Europe and the Americas as well as a pioneer for sustainability." With our new strategy, "Klöckner & Co 2025: Leveraging Strengths", we have begun returning our Company to a course of sustainable growth. Guido Kerkhoff, CEO of Klöckner & Co SE: "2021 was an extremely successful year in our corporate history. Conversely, the equity ratio improved due to the exceptionally high net income to a very solid 47% (December 31, 2020: 40%). In light of the record earnings for fiscal year 2021, Klöckner & Co will propose an unusually high dividend of 1.00 per share to shareholders at the Annual General Meeting.ĭue to the price-driven increase in net working capital throughout the fiscal year and the funding of pension obligations in the amount of 243 million in the fourth quarter, cash flow from operating activities was negative with a cash outflow of 306 million (2020: cash inflow of 161 million). Earnings per share amounted as a result to 6.21 (2020: loss per share of 1.16). Net income was likewise extremely strong at 629 million, compared with a 114 million net loss in the prior year. Assisted by the positive market environment, operating income (EBITDA) before material special effects increased from 111 million in the prior year to 848 million. Full-year sales in 2021 rose very substantially by 45% to 7.4 billion (2020: 5.1 billion).

Purpose statement, new claim and evolution of logo underscore ambition to be pioneer of a sustainable steel industryĭuisburg, Germany, MaKlöckner & Co generated its best operating income in fiscal year 2021 since the Company's IPO in 2006.
