The environmental expenditures of the voestalpine Group over the past ten years amount to approximately EUR 2.4 billion. In addition to continually high expenditures for environmental measures at the operating level, this reflects particularly the fact that the costs of the EU Emissions Trading System (EU ETS) have been growing since the company’s business year 2017/18.
In millions of euros
Current operating expenses rose from EUR 299 million in the previous year to EUR 315 million in the business year 2019/20. CO2 allowances accounted for a total of EUR 90 million (29%) of this amount. The substantial year-over-year increase (EUR 60 million) stems from the rising price of emissions rights, whereas purchases of additional allowances accounted for about one third of the cost, as before.
31% of these funds went toward clean air activities at the operating level; 21% were spent on waste recycling, reuse, and disposal; and 17% were invested in measures to protect the aquatic environment.