Thyssenkrupp : ESG, Denis Krude, CEO

10. ESG

Denis Krude

105

Sustainability is at the heart of thyssenkrupp nucera's culture and strategy

Strategy contributing to UN Sustainable Development goals…

		Affordable &	• thyssenkrupp nucera's mission is to advance
		the widespread adoption of green hydrogen,
clean energy
the only zero carbon fuel

	Decent work	• Aspiration is to be the employer of choice,
&	economic	generating high-skilled, high quality
	growth	employment and training opportunities

…underpinned by robust sustainability commitments

1	Commitment to calculate and report
greenhouse gas emissions

Commitment to employee health &

2 safety

Industry, innovation & infrastructure

• Through engineering know-how and design of hydrogen production facilities, thyssenkrupp nucera is helping to decarbonise industrial processes

Sustainable	• With its electrolysers, thyssenkrupp nucera is
cities and	helping to build the future sustainable cities,
communities	such as NEOM in Saudi Arabia

3	Commitment to responsible
procurement practices

Partnerships for the goals

• thyssenkrupp nucera has positioned itself at the center of global coalitions, such as the Hydrogen Council and H2Global, to scale the hydrogen economy

Commitment to strong governance

4 standards, including diversity, transparency and accountability

106

Introduction to thyssenkrupp nucera's governance structure

Key elements of thyssenkrupp nucera's KGaA1 structure

Background & rationale

Legal form of General Partner

Ownership threshold

Approval rights of management

Shareholder rights

• Aktiengesellschaft (AG)
• Management to run company under own responsibility
• KGaA to be converted into AG structure if combined thyssenkrupp and De Nora ownership falls below 40%
• Supervisory Board of General Partner
• Regular shareholder rights

• Safeguards free float shareholders' interests, while recognizing thyssenkrupp's intention to keep thyssenkrupp nucera as key part of the group
• Several successful precedents of publicly listed German KGaAs
• Providing operational autonomy to thyssenkrupp nucera…
• …whilst reflecting long term partnership with both thyssenkrupp and De Nora

1. Kommanditgesellschaft auf Aktien (partnership limited by shares).

107

Key messages | ESG

thyssenkrupp nucera's mission statement is aligned with the UN Sustainable Development goals to create long-lasting impact

KGaA structure provides operational autonomy to thyssenkrupp nucera whilst reflecting long-term commitment with key shareholders thyssenkrupp and De Nora

108

Disclaimer

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