Overall Net-Zero Target: Swiss Steel Holding AG commits to reach net-zero greenhouse gas emissions across the value chain by 2038. Near-Term Targets: Swiss Steel Holding AG commits to reduce scope 1, 2 and 3 GHG emissions covered by the iron & steel core boundary 23.7% per tonne of hot rolled steel by 2030 from a 2021 base year. As this target calculation depends on the scrap ratio projection, Swiss Steel Holding AG will publish the scrap ratio associated with this target annually starting from the base year.* Swiss Steel Holding AG also commits to reduce all other absolute scope 1 and 2 GHG emissions 42% within the same timeframe.* Swiss Steel Holding AG also commits to reduce absolute scope 3 GHG emissions from all other purchased goods and services and fuel and energy related activities 25% within the same timeframe.* *The target boundary includes land-related emissions and removals from bioenergy feedstocks. Long-Term Targets: Swiss Steel Holding AG commits to reduce scope 1, 2 and 3 GHG emissions covered by the iron & steel core boundary 77.7% per tonne of hot-rolled steel by 2038 from a 2021 base year. As this target calculation depends on the scrap ratio projection, Swiss Steel Holding AG will publish the scrap ratio associated with this target annually starting from the base year.* Swiss Steel Holding AG also commits to reduce all other absolute scope 1 and 2 GHG emissions 90% within the same timeframe.* Swiss Steel Holding AG also commits to reduce absolute scope 3 GHG emissions from all other purchased goods and services, fuel and energy related activities, waste generated in operations, all other processing of sold products and end of life treatment of sold products 90% within the same timeframe.* *The target boundary includes land-related emissions and removals from bioenergy feedstocks.