SSAB AB
SSAB EU Taxonomy Data Preview
In 2024, SSAB was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
SSAB has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of SSAB are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected EU Taxonomy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into SSAB's Revenues from Sustainable Activities
In 2024, SSAB reported EU Taxonomy-eligible revenues of SEK 85.99 billion, representing 83% of its total turnover. Of this amount, SEK 29.23 billion of SSAB's revenues was classified as EU Taxonomy-aligned, indicating that 28% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
SSAB's Taxonomy-Eligible Turnover Over Time
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
Have SSAB's revenues become more sustainable over time?
Since 2022, SSAB's taxonomy-aligned revenues decreased by 9.68% , indicating a long-term decline in environmentally sustainable revenue performance.
Compared to the previous year (2023), SSAB's taxonomy-aligned revenues decreased by 12.5% , suggesting that SSAB may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.
How much of SSAB's revenue is eligible under the EU Taxonomy?
In 2024, SSAB reported that SEK 85.99 billion of its revenue was eligible under the EU Taxonomy, representing 83% of the company's total turnover. Of this amount, SEK 29.23 billion (28% of total revenue) was classified as Taxonomy-aligned. This means that 55% of SSAB's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.
How much of SSAB's eligible revenue is aligned with the EU Taxonomy?
In 2024, SSAB reported that SEK 29.23 billion of its revenue was aligned under the EU Taxonomy, representing 28% of its total turnover.
This moderate level of alignment indicates that SSAB has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
SSAB's Eligibility & Alignment Overview
SSAB's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
How is SSAB's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, SSAB reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 28%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does SSAB earn from selling climate-related solutions ?
In 2024, SSAB reported that SEK 28.96 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 28% of the company's total revenue, indicating that SSAB has a moderate focus on solutions that support climate action through its commercial activities.
Insights into SSAB's CAPEX from Sustainable Activities
In 2024, SSAB reported EU Taxonomy-eligible CAPEX of SEK 8.33 billion, representing 93% of its total CAPEX. Of this amount, SEK 832.00 million of SSAB's CAPEX was classified as EU Taxonomy-aligned, indicating that 9% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
SSAB's Taxonomy-Eligible Capex Over Time
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
Have SSAB's increased its investment in sustainable activities over time?
Since 2022, SSAB's taxonomy-aligned capital expenditure (CAPEX) decreased by 47.06%, indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.
Compared to the previous year (2023), SSAB's taxonomy-aligned CAPEX decreased by 25%, suggesting that SSAB may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.
How much of SSAB's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, SSAB reported that SEK 8.33 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 93% of the company's total CAPEX. Of this amount, SEK 832.00 million (9% of total CAPEX) was classified as Taxonomy-aligned. This means that 84% of SSAB's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of SSAB's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, SSAB reported that SEK 832.00 million of its CAPEX was aligned under the EU Taxonomy, representing 9% of its total capital investment.
This low alignment reflects that SSAB is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
SSAB's Eligibility & Alignment Overview
SSAB's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
How is SSAB's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, SSAB reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 9%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much SSAB is investing in climate-related solutions?
In 2024, SSAB allocated SEK 807.21 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 9% of the company's total capital expenditure, indicating that SSAB has only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.
Insights into SSAB's OPEX from Sustainable Activities
In 2024, SSAB reported EU Taxonomy-eligible OPEX of SEK 5.74 billion, representing 94% of its total operating expenses (OPEX). Of this amount, SEK 863.00 million of SSAB's OPEX was classified as EU Taxonomy-aligned, indicating that 14% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
SSAB's Taxonomy-Eligible Opex Over Time
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
Have SSAB's increased its spending in sustainable activities over time?
Since 2022, SSAB's taxonomy-aligned operating expenditure (OPEX) remained relatively stable, suggesting that SSAB has maintained a steady level of sustainability-focused operational expenditure over recent years.
Compared to the previous year (2023), SSAB's taxonomy-aligned OPEX decreased by 33.33%, suggesting that SSAB may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.
How much of SSAB's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, SSAB reported that SEK 5.74 billion of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 94% of the company's total OPEX. Of this amount, SEK 863.00 million (14% of total OPEX) was classified as Taxonomy-aligned. This means that 80% of SSAB's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of SSAB's eligible OPEX is aligned with the EU Taxonomy?
In 2024, SSAB reported that SEK 863.00 million of its OPEX was aligned under the EU Taxonomy, representing 14% of its total operational expenditure.
This moderate level of alignment indicates that SSAB is beginning to shift operational priorities toward greener practices, with room for deeper integration.
SSAB's Eligibility & Alignment Overview
SSAB's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
How is SSAB's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, SSAB reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 14%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much of SSAB's operational budget supports climate-related solutions?
In 2024, SSAB allocated SEK 852.32 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 14% of the company's total OPEX, indicating that SSAB is moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.