VELUX Partners with ArcelorMittal to Reduce Carbon Footprint with Low-Emission Steel
(IN BRIEF) The VELUX Group has signed a 10-year agreement with ArcelorMittal to supply low-carbon XCarb® steel for its roof windows, reducing the carbon footprint of steel used in its products bym up to 70%. This collaboration follows successful tests of XCarb® steel and aims to gradually replace conventionally produced steel in key components by 2025. This partnership supports VELUX’s goal of cutting its upstream scope 3 emissions by 50% by 2030 and highlights the importance of sustainable materials in product manufacturing.
(PRESS RELEASE) COPENHAGEN, 16-Oct-2024 — /EuropaWire/ — The VELUX Group has finalized a 10-year agreement with ArcelorMittal to supply low carbon emission steel, marking a significant step in its efforts to reduce the carbon footprint of its roof windows. This long-term partnership follows a successful collaboration that began in 2023, where both companies tested and validated ArcelorMittal’s XCarb® recycled and renewably produced steel. This new steel is set to reduce the carbon footprint of steel used in VELUX products by up to 70% compared to traditional steel.
Starting in 2025, XCarb® will be gradually incorporated into various components of VELUX roof windows, such as hinges and installation brackets, as a replacement for conventional steel. This transition will help VELUX significantly lower its scope 3 emissions, with steel accounting for 5.7% of the company’s overall carbon footprint.
“Steel is essential for the strength and durability of our products, but it’s also a significant contributor to our carbon emissions. We’re proud to reduce this impact by working closely with ArcelorMittal on this project, demonstrating that collaboration with suppliers can yield tangible results in lowering emissions across our value chain,” said Jesús Villalba, Senior Director, Direct Procurement at VELUX Group.
XCarb® steel, which is made from at least 75% recycled material and powered by 100% renewable electricity, is produced at ArcelorMittal’s facility in Northern Spain using electric arc furnaces. Further innovations are being explored to reduce the carbon footprint of the steel even further.
Laurent Plasman, CMO of ArcelorMittal Europe – Flat Products, commented, “This agreement with VELUX underscores the critical role of steel in decarbonizing everyday materials. VELUX’s commitment to using low-carbon steel is a powerful example of leadership in sustainability, and we are excited to continue this collaboration.”
VELUX is committed to reducing its upstream scope 3 emissions by 50% by 2030, and this partnership with ArcelorMittal is part of a broader strategy to cut the carbon footprint of key materials used in its products.
About the VELUX Group
VELUX roof windows have been bringing daylight and fresh air into peoples’ homes around the world for more than 80 years, creating better living environments. We offer a range of products including roof windows and modular skylights, decorative blinds, sun screening products, and roller shutters, as well as installation and smart home solutions. They help create bright, healthy, and energy-efficient places for people who live, work, learn, and play under the roof. We work globally – with sales and manufacturing operations in 37 countries and around 11,900 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company owned by the Villum Foundation and Kann Rasmussen family members. In 2023, the VELUX Group had a total revenue of EUR 2.91 billion while VKR Holding had a total revenue of EUR 3.97 billion. The same year, the Villum Foundation and the VELUX FOUNDATION donated a total of EUR 184.6 million in charitable grants.
For more information about the VELUX Group, visit velux.com
About ArcelorMittal
ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2023 generated revenues of $68.3 billion, produced 58.1 million metric tonnes of crude steel and, 42.0 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
Media Contact:
Yvette Roper
Senior Global Media Relations Manager, VELUX Group
email: yvette.roper@velux.com
Tel: +45 30 47 59 42
SOURCE: VELUX Group
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