Outokumpu’s Annual report 2023 published

Outokumpu Oyj
Stock exchange release
March 1, 2024 at 11.00 am EET

Outokumpu’s Annual report 2023 published

Outokumpu has published its Annual report 2023 today, on March 1. In 2023, Outokumpu once again made a new record in its recycled material usage in its production and 95% of all raw materials were recycled. The company also progressed in reducing the CO₂ emissions – since the baseline of 2016, the CO₂ emissions have decreased 27%. Because of Outokumpu’s up to 75% lower carbon footprint compared to the industry average, we were able to help our customers reduce their CO₂ emissions by 12 million tonnes last year*.

Outokumpu’s Annual report is published in English and Finnish, and it includes Annual review with the highlights of 2023, Sustainability review, Corporate Governance statement, Remuneration report, Financial statements, and Review by the Board of Directors.  

Outokumpu publishes the Financial statements and Review by the Board of Directors in accordance with European Single Electronic Format (ESEF) reporting requirements with the XHTML format (Extensible Hypertext Markup Language). In line with the ESEF requirements, the primary statements and notes to the consolidated financial statements have been labelled with XBRL tags. The audit firm PricewaterhouseCoopers Oy has provided an independent auditor’s reasonable assurance report on Outokumpu’s ESEF financial statements in Finnish in accordance with ISAE 3000 (revised). The ESEF report is available in the zip file attached to this release.

Our Sustainability review is prepared with reference to the Global Reporting Initiative (GRI) standards and aligned with the Task Force on Climate-related Financial Disclosures (TCFD) framework. The Sustainability review has been assured. 

Outokumpu's Annual report as well as Remuneration report, Corporate Governance statement and the ESEF report are available as attachments to the release as well as at www.outokumpu.com/en/reports-2023.

^*) Outokumpu’s carbon footprint is on average 1.52 kg/kg of crude steel against the global average of 7 kg of CO2e per kg of stainless steel (Outokumpu’s calculation based on data provided by CRU and worldstainless) in 2023.

For more information: 

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 40 071 9669 

Media: Päivi Allenius, SVP – Communications, tel. +358 40 753 7374, or media desk, +358 40 351 9840

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com