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Exponential Framework
Standing firm in uncertain times - delivering world-leading results in climate solutions enablement
Stegra's Leadership in the Exponential Framework
Where Stegra Can Have the Biggest Impact: Pillar 1: Cut Operational Emissions (70%)
As a green steel producer, Stegra's climate story is fundamentally about transforming one of the world's most carbon-intensive industries. Their 700 MW electrolyzer directly eliminates fossil fuels from steel production.
Highlighted areas show where Stegra demonstrates climate leadership
Click any highlighted category to see evidence
Heavy Industry
Steel, cement, chemicals
Cut Operational Emissions
Scope 1 & 2 emissions from own facilities and fleet
Decarbonize Value Chain
Scope 3 upstream emissions from suppliers and materials
Why These Weights?
Stegra (formerly H2 Green Steel) is transforming steel production itself (P1: 55%). Their 700MW green hydrogen electrolyzer eliminates the need for coal in steelmaking. Secondary impact comes from decarbonizing the steel value chain and raw material sourcing (P2: 25%).
Adjustments Applied
Climate Performance Across Five Pillars
Detailed assessment of commitment and reporting across each transformation pillar
Cut Operational Emissions
Commitment
95% emissions reduction vs conventional blast furnace steel through H2-DRI process
- ~0.095-0.195 tCO₂e per tonne steel (vs 1.85-2.33t conventional)
- 100% renewable electricity for hydrogen production
- Fossil-free steel production from day one
Progress & Evidence
Projected ~500,000-550,000 tCO₂e/year at full 5Mt capacity - 95% below conventional
- Target: 0.095-0.195 tCO₂e/tonne (95% reduction)
- Full capacity: 5 Mt steel/year by 2030
- Projected emissions: ~500-550k tCO₂e/year
- vs conventional: ~10M tCO₂e/year for same output
Decarbonize Value Chain
Commitment
Pre-sold >1.5 million tonnes to premium offtakers at 20-30% green premium
- >1.5 Mt pre-sold to Mercedes, BMW, Scania, Miele, Electrolux
- 20-30% green premium validated by market
- Enabling customer Scope 3 reduction
Progress & Evidence
60% of initial capacity pre-sold - validating green steel market demand
- Mercedes-Benz: Major offtake agreement
- BMW: Committed buyer
- Scania: Green steel for trucks
- 60% of initial 2.5Mt capacity pre-sold
Build & Scale Solutions
Commitment
Enabling green steel for automotive, construction, and industrial sectors - ~7M tCO₂e avoided annually
- ~7M tCO₂e avoided annually at full capacity
- Enabling customer decarbonization at scale
- First large-scale green steel in Europe
Progress & Evidence
Impact Ratio: ~13x - for every tonne emitted, 13 tonnes avoided vs conventional
- Impact multiplier: ~13x (7M avoided ÷ 550k emitted)
- Customer Scope 3 reduction enabled
- First-mover in green steel at scale
- Proving commercial viability of H2-DRI
Mobilize Finance & Investment
Commitment
€6.5 billion secured - largest private green industrial financing in Europe
- €6.5B total financing secured
- €4B debt financing from 25 international banks
- €1.5B EU Innovation Fund grant
- Swedish government green credit guarantee
Progress & Evidence
Proving 'bankability' of green steel - 25 international banks in consortium
- €6.5B total financing
- €4B debt (25 banks)
- €1.5B EU Innovation Fund
- Swedish green credit guarantee
Shape Policy & Narrative
Commitment
Founding member of Business for CBAM - advocating for carbon border adjustment
- Business for CBAM founding member
- Advocate for carbon border adjustment
- Support for EU Green Deal industrial policy
Progress & Evidence
Pushing for policies that level playing field vs high-emission imports
- Business for CBAM founding member
- CBAM advocacy for steel sector
- EU Green Deal support
- First Movers Coalition steel commitment
The Green Steel Multiplier
Stegra's operations ARE the climate solution. For every tonne they emit producing green steel, they avoid ~13 tonnes compared to conventional blast furnace production.
The Green Steel Multiplier
Stegra's operations ARE the climate solution. For every tonne they emit producing green steel, they avoid ~13 tonnes compared to conventional blast furnace production.
Stegra's climate projects achieve multipliers ranging from 6x – 13x(project avoided emissions vs. Stegra's total operational footprint of ~525,000 tCO₂e/year (at 5Mt capacity)).
Impact Ratio Formula: Handprint ÷ Footprint = Multiplier. The handprint is "the reduction of the carbon footprint of others" (VTT Guide, p.11). A 10x multiplier means for every tonne emitted, the company enables 10 tonnes avoided for customers.
View Full Methodology & Scientific ReferencesCompany Details
Legal entity information and industry classification
Company Details
Industry Classification (GICS)
Legal Entity Identifier (LEI)
LinkedIn
WikidataIndustry Classification Hierarchy
GICS Classification
Global Industry Classification Standard (MSCI/S&P)
15151015104015104050GICS® is a registered trademark of MSCI Inc. and S&P Global Inc.
NACE Rev. 2.1 Classification
EU Statistical Classification of Economic Activities
C24NACE Rev. 2.1 is the statistical classification of economic activities in the European Union.
Sources & References
Data sources and documentation supporting this profile
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