The 2024 Report brings together its metals and mining businesses Tenova and TAKRAF in single report.
Today, Tenova Group published its Sustainability Report 2024 in a Group first, combing the contributions of its two businesses Tenova and TAKRAF. The 2024 Report documents headway the Group has made in its sustainability strategy, detailing how its businesses work with clients, partners, and stakeholders to drive positive change guided by an ESG-informed sustainability framework. It also highlights the extensive steps taken to track and measure its ESG performance, including quantifying its Scope 1 and Scope 2 emissions across all its operations.
The Report is structured around two complementary sections. The first presents how the Group develops innovative technologies to reduce environmental impact, improve safety and energy efficiency, and enable recovery and reuse of materials. The second outlines how the Group measures and improves ESG performance, including emissions, employee well-being, diversity, governance, and supply chain sustainability.
In 2024, Tenova and TAKRAF advanced landmark projects such as the hydrogen-based DRI plant for Baosteel (the largest of its kind in China), advanced electrolytic cells for MP Materials (first commercial-scale rare earth metals production in the United States), a high-productivity Electric Arc Furnace for TATA Steel UK, and DELKOR dewatering equipment for Codelco’s North operations (the world’s largest thickened tailings project).
2024 Report highlights include:
- Completion of the H2 Electrolyzer construction site at Castellanza HQ for research and development activities.
- 5,570 tCO2e Scope 1 + Scope 2 location-based emissions.
- 1,010,000 kWh generated by our solar panels.
- An average of 18 hours of training per employee.
- 83% response rate to its 2024 Employee Opinion Survey.
- TAKRAF Women in Mining communication campaign.
- Impact Materiality Assessment at the Group level.
- Revised Tenova Group Code of Conduct and introduction of a Code of Conduct for Suppliers.
- 72% of purchase budget spent locally.
Tenova CEO
“This first consolidated Report reflects our long-standing commitment to sustainability as both a responsibility and a driver of innovation and growth. By bringing together the strengths of Tenova and TAKRAF, we can deliver reliable, safe, and forward-looking technologies that support our clients in their transition toward lower-impact industrial models. At the heart of this journey are our people: their expertise and passion allow us to anticipate market needs and develop solutions that prepare us for tomorrow’s opportunities.”
Tenova Chief Communications and Sustainability Officer
“Sustainability is a journey we take together with our people, our clients, and our partners. Through the process of building this 2024 Report, we have strengthened our awareness of the impact we generate and the responsibility that comes with it. We are proud of the progress achieved so far and remain committed to continuous improvement.”
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