MASHINIi

THYSSENKRUPP AG.

TKA.XETRA | Manufacture of basic iron and steel

ThyssenKrupp AG is a diversified industrial group with a focus on steel production, industrial components, elevator technology, and automotive engineering. The company operates through various segments, including Steel Europe, Steel Americas, Industrial Components, Elevator Technology, Automotive Te...Show More

Ethical Profile

Mixed.

ThyssenKrupp AG shows a mixed ethical record. Its Marine Systems segment, designing naval vessels, is seen by critics as conflicting with 'No War, No Weapons' values. Environmentally, ThyssenKrupp invests over €2 billion in a low-CO2 steel plant, aiming to avoid 3.5 million tons of CO2 annually. Yet, substantial Scope 3 emissions (683,839 tCO₂e in FY23/24) and only 29% renewable energy are reported. For worker respect, the company faced over $1.3 million in penalties, including an $894,000 wage violation in 2021, and allegedly plans 11,000 job cuts. Ethical sourcing data remains limited (~40% certified inputs), though robust anti-bribery policies are maintained.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-10
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

0

The provided articles primarily focus on ThyssenKrupp's general sustainability strategy, environmental management, and occupational safety and health for its employees. The ethical value 'Better Health for All' specifically excludes workplace safety standards, worker rights, and environmental pollution control, as these fall under other categories. The company's core business, which includes steel production, industrial components, elevator technology, automotive engineering, and marine systems, does not inherently involve products or services directly related to accessible medical treatments, preventative healthcare, or mental/physical wellness programs. Consequently, no specific, concrete evidence was found in the articles that directly addresses the quantitative thresholds for any of the KPIs under the 'Better Health for All' value, as defined by the rubric and its exclusions.

Fair Money & Economic Opportunity

0

ThyssenKrupp AG is an industrial group focused on steel production, industrial components, elevator technology, and automotive engineering. The provided articles discuss the company's internal diversity and inclusion initiatives, social responsibility programs, labor standards, employee benefits, and mental health initiatives. However, none of the articles contain any evidence that ThyssenKrupp AG operates as a financial institution or offers lending, deposit, or other consumer financial products.

1
Therefore, all KPIs for the 'Fair Money & Economic Opportunity' value are scored as 0, indicating they are not applicable to the company's core business.

Fair Pay & Worker Respect

20

The annual total remuneration ratio between the highest income and the median income of all employees was 20.47 for fiscal year 2024/2025, when adjusting part-time income.

1
Around 65% of all thyssenkrupp companies are subject to collective agreements.
2
The accident frequency rate for fiscal year 2024/2025 was 3.4 per 1,000,000 hours worked, which translates to 0.68 per 200,000 hours.
3
The unadjusted gender pay gap is 4%, and the adjusted gender pay gap (considering base salary without variable compensation) is 1.5%.
4
The Employee Net Promoter Score was (6) in 2025.
5
The voluntary employee turnover rate was 7.2% in fiscal year 2024/2025.
6
The company has 3 substantiated wage & hour violations totaling $954,100, 1 labor relations violation for $16,991, and 23 workplace safety & health violations totaling $338,286, with the most recent safety violation in 2025.
7
Temporary employees constitute 570 out of 8,585 employees, which is approximately 6.6% of the workforce.
8

Fair Trade & Ethical Sourcing

0

The provided articles describe Thyssenkrupp AG's commitment to responsible procurement, human rights, and conflict mineral due diligence, referencing policies like the UN Global Compact and a Supplier Code of Conduct.

1
Thyssenkrupp Rasselstein, a subsidiary, conducts annual risk analyses for its own operations and direct suppliers, and has a publicly accessible complaint procedure.
2
TK Elevator, another subsidiary, monitors spend with diverse suppliers.
3
However, the articles do not provide specific, quantitative data for the parent company (TKA.XETRA) or its subsidiaries that directly maps to the required KPIs. There is no evidence for the percentage of spend covered by fair-trade certifications, the average frequency of on-site audits for all tier-1 suppliers, the number of substantiated forced or child labor incidents, the traceability coverage of suppliers, the median days to close corrective action plans, the percentage of contracts with enforceable ethical-sourcing clauses, the share of spend on high-risk materials, or the percentage of procurement budget directed to diverse suppliers. Therefore, no KPIs can be scored based on the evidence provided.

Honest & Fair Business

-10

ThyssenKrupp scored 71/100 on the Transparency International Defence Companies Index (DCI) 2020.

1
The company has a formal whistleblower system, accessible to employees and third parties including suppliers, which provides feedback within 7 days and aims for resolution within 3 months.
2
ThyssenKrupp has a comprehensive anti-bribery and corruption policy, authorized by the executive board, which prohibits various forms of bribery and applies to all employees and board members.
3
This policy is overseen by the board with assistance from the Audit Committee and Compliance and Legal Department, includes a formal and continually updated risk assessment procedure, and is subject to regular internal and external audits.
4
The company underwent a voluntary special audit in 2013 and a groupwide compliance program audit in accordance with Auditing Standard PS 980.
5
However, the extent of independent verification of ethical claims is not explicitly detailed beyond these audits. The company's policy on conflicts of interest applies to all employees and board members, with procedures for identifying, declaring, and managing conflicts, and a central repository for top management declarations.
6

Kind to Animals

0

No specific, concrete data points were found in the provided articles regarding ThyssenKrupp AG's performance on any of the 'Kind to Animals' KPIs. The articles either explicitly state 'No data' for the company on these metrics

1
or discuss general industry trends, other companies, or regulatory frameworks, which cannot be attributed to ThyssenKrupp AG's specific actions or performance.
2

No War, No Weapons

0

No evidence available to assess THYSSENKRUPP AG on No War, No Weapons.

Planet-Friendly Business

-50

The company's total Scope 1, 2, and 3 greenhouse gas emissions for FY23/24 were 684,686 tCO₂e, which increased from 338,032 tCO₂e in FY22/23.

1
The company has committed to achieving net-zero emissions for Scopes 1 and 2 by 2030 and Scope 3 by 2050, and states its targets are aligned with the Science Based Targets initiative (SBTi), but validation status is pending.
2
In FY23/24, 29% of operational energy consumption was sourced from renewables.
3
The share of capital expenditure aligned with the EU Sustainable Taxonomy was 61.0% in FY23/24.
4
The company purchased 239 tCO₂e in carbon offsets in 2023/2024, utilizing projects registered with Puro, Verra, and Gold Standard.
5
The company's net-zero target year is 2050, or 2045 in some businesses/countries, with no interim milestones explicitly detailed.
6
The company mentions TCFD alignment but provides no specific details on its disclosures.
7

Respect for Cultures & Communities

0

No specific, quantitative evidence was found in the provided articles for any of the KPIs related to 'Respect for Cultures & Communities'. The articles primarily focus on general diversity and inclusion initiatives within the company, such as gender diversity, LGBTQIA+ inclusion, and disability inclusion, rather than specific metrics concerning cultural engagement, community partnerships, or cultural preservation.

1

Safe & Smart Tech

0

Thyssenkrupp has not experienced any data breaches in the past three years, with cyberattacks in 2022 and 2025 being unsuccessful in breaching data.

1
The company's Cyber Defense Center and Computer Emergency Response Team (CERT) are responsible for preventing and responding to cyber-attacks, indicating a strong security program.
2
TKMS, a subsidiary, aligns with ISO 27001 for information security.
3
The company states that data is always encrypted before transmission and processing, and personal data is stored and processed only if provided by the user.
4
Users have rights to information, rectification, erasure, restriction of processing, data portability, and to revoke consent, and can deactivate or restrict cookies.
5
The Offensive Security Team conducts penetration tests to uncover vulnerabilities.
6
The handling of personal data follows the strict requirements of the GDPR.
7
The company states that data will not be transferred to other third parties.
8

Zero Waste & Sustainable Products

-30

The company achieved a waste diversion rate of 94% in 2023/24, with 6% of waste sent to landfill.

1
For TK Elevator products, close to 70% of materials are recyclable.
2
In North America, 90% of corrugated cardboard packaging used by TK Elevator is SFI-certified, and EPS dunnage is being replaced with a 90% SFI-certified paper-based solution.
3
Roughly 11% of the materials used in TK Elevator products are recycled.
4
The company is working to progressively eliminate plastic packaging in Spain, but no overall reduction percentage is provided.
5
Its Brazilian operations have an end-to-end reverse logistics process, with close to 25,000 parts sent for revision and refurbishment in Latin America in 2022/23.
6
Circular design principles are integrated into TK Elevator's R&D standards, and modernization extends product lifespans. The company aims for zero waste to landfill in its factories by 2026, with 61% of factories meeting this standard in 2023/24.
7
No significant waste disposal violations were reported in 2022/23.
8
TK Elevator's EOX solution uses 20% less steel than similar products.
9
Waste data is reported quarterly for factories and annually for other sites.
10
Supplier code of conduct requires compliance with environmental laws and waste management.
11

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.