According to H2 Green Steel, the agreement addresses BMW Group’s upstream scope 3 emissions and includes recycling and end-of-life management measures. It also sets out a technical cooperation between the two companies to address BMW Group’s science-based targets and contribute to meeting its CO₂ reduction timeline.

“We are on a mission to decarbonize the steel industry. Working with progressive companies like BMW Group pushes us to be better both in our own operations and our value chain. It also pushes us to be an even better partner to our customers and raises the bar for industry peers on the decarbonization journey,” said Henrik Henriksson, H2 Green Steel chief executive.