- Lower sales volumes (-13.5%) due to reversal of raw material cost inflation, lower volumes, and normalization of energy surcharges
- Weakening safety results after five consecutive years of great progress
- Supply-demand imbalances in the recycled steel market impacting recycled steel content in wire rod
N.V. Bekaert
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Renewable Energy
41%
of total energy
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2020 | 1.8M tCO2e (Scope 1 & 2) |
| 2017 | 1.8M tCO2e (Scope 2) |
| 2016 | 1.3M tCO2e (Scope 2) |
| 2015 | 1.2M tCO2e (Scope 1 and 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- GHG emissions Scope 1 and 2 reduced by -4.6% compared to 2022 and by -15.1% compared to base year 2019
- GHG emissions Scope 3 from purchased wire rod reduced by -5.1% compared to 2022 and by -3.1% compared to base year 2019
- 42% of Bekaert’s 2023 consolidated revenue is generated from sales related to sustainable solutions
- 100% of steel-based scrap returns to the steel mills for recycling
- Installed a solar farm at its plant in Burgos, Spain, producing 16,000 MWh/year of electricity
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase gender equality ratio to 40% by 2030
- Increase share of sustainable solutions to 50% by 2026
📅 Medium-term
- Achieve more than 5% annual sales growth
- Underlying EBIT margin exceeding 10%
- Percentage of sales from sustainable solutions reaching 65% by 2030
- Reduce Scope 1 & 2 GHG emissions by 46.2% by 2030 (compared to 2019)
🔭 Long-term
- Reach Carbon Net Zero by 2050
- Reduce Scope 3 emissions associated with purchased goods and services by 19.7% by 2035 (compared to 2019)
🌱 ESG Focus Areas
Climate change mitigationHazardous substances and materialsWaterCircular economyOwn workforceWorkers in the value chain and human rightsCyber and data securityBusiness ethics