Klöckner & Co receives the German Award for Sustainability Projects 2024 for
its Nexigen® initiative

EQS-News: Klöckner & Co SE / Key word(s): Sustainability
Klöckner & Co receives the German Award for Sustainability Projects 2024 for
its Nexigen® initiative

12.06.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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  * "Nexigen® - Green Steel" takes first place in the "Supply chain"
    category

  * High-profile jury recognizes the establishment of transparency regarding
    the carbon footprint of products as added value for the industry as well
    as for other sectors

* A total of around 350 nominations in 28 categories

Duisburg, Germany, June 12, 2024 - Yesterday, Klöckner & Co received the
German Award for Sustainability Projects 2024. With its initiative "Nexigen®
- Green Steel" the Company took first place in the "Supply chain" category.
Klöckner & Co impressed the high-profile jury from business, science, and
the media with the establishment of transparency regarding the carbon
footprint of products along the entire supply chain. According to the jury,
the initiative added value for the industry as well as for other sectors.
This year, around 350 projects in 28 categories were nominated. A
high-profile jury of experts was responsible for the assessment and
evaluation.

Marc Grewe, Head of Strategic Sustainability at Klöckner & Co SE: "We're
pleased that our work on the transparency of green products in the industry
has been recognized with this award. With Nexigen®, we are making it easier
for our customers to purchase CO2-reduced steel and metal products and we
are providing them with information on the carbon footprint of their
materials to help them make more sustainable decisions. This is a crucial
step in the transformation towards sustainable supply chains."

Klöckner & Co considers the decarbonization of the steel industry to be a
strategic opportunity for the Company and its customers. The focus is on the
sustainable transformation of the entire product and service range as well
as the Company's own business activities. Accordingly, the development of
sustainable business models is a key element of the corporate strategy. With
the launch of the Nexigen® brand, Klöckner & Co bundled its extensive range
of sustainable products and services. With the bundled product, the Company
offers its customers transparent, low-carbon solutions. This includes the
development of a CO2-reduced material portfolio and the introduction of
rating scales for "green" steel, stainless steel and aluminum. The Company
also developed the Nexigen® PCF Algorithm, an innovative tool whose PCF
calculation methodology has been certified by TÜV SÜD. The web-based
technology solution based on this algorithm, Nexigen® Data Services, makes
the CO2 emission data of the steel and metal products purchased by Klöckner
& Co transparent to customers and offers more sustainable product
alternatives. Customers are actively supported in their decarbonization
efforts, allowing them to make more environmentally conscious decisions.

Furthermore, all of Klöckner & Co's net zero CO2 targets have been
recognized by the Science Based Targets initiative (SBTi) as science-based
targets in the standard validation process. The Company is thus fully
committed to reducing emissions along the entire value chain to net zero by
2050 in line with the SBTi targets.

The German Award for Sustainability Projects was presented for the first
time in 2021. Since then, it has honored the best sustainability projects in
the German corporate landscape each year. Under the patronage of former
Federal Minister of Economics Brigitte Zypries, the award is presented by
the German Institute for Service Quality (DISQ) in partnership with news
channel ntv and the online business platform "DUP Magazin". The award is
intended to promote implementation of the 17 Sustainable Development Goals
of the United Nations.

About Klöckner & Co:

Klöckner & Co SE is one of the largest producer-independent distributors of
steel and metal products and one of the world's leading steel service center
companies. With its distribution and service network of around 120 sites,
primarily in North America and the "DACH" region (Germany, Austria and
Switzerland), Klöckner & Co supplies more than 60,000 customers. Currently,
the Group has around 6,300 employees. Klöckner & Co generated sales of some
EUR7.0 billion in fiscal year 2023. With the expansion of its portfolio of
CO2-reduced
materials, services and logistics options under the Nexigen® umbrella brand,
the Company is underscoring its role as a pioneer of a sustainable steel
industry. At the same time, Klöckner & Co leads the way in the steel
industry's digital transformation and has set itself the target of
digitalizing and largely automating its supply and service chain. In this
way, the Company aims to develop into the leading one-stop shop for steel,
other materials, equipment and processing services in Europe and the
Americas.

The shares of Klöckner & Co SE are admitted to trading on the regulated
market segment (Regulierter Markt) of the Frankfurt Stock Exchange
(Frankfurter Wertpapierbörse) with further post-admission obligations (Prime
Standard). Klöckner & Co shares are listed in the SDAX® index of Deutsche
Börse.

ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.

Contact Klöckner & Co SE:

Press
Christian Pokropp - Press Spokesperson
Head of Corporate Communications | Head of Group HR
+49 203 307 2050
christian.pokropp@kloeckner.com

Investors
Fabian Joseph
Head of Investor Relations
+49 203 307-2291
fabian.joseph@kloeckner.com


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12.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Klöckner & Co SE
                   Am Silberpalais 1
                   47057 Duisburg
                   Germany
   Phone:          +49 (0)203 / 307-0
   Fax:            +49 (0)203 / 307-5000
   E-mail:         info@kloeckner.com
   Internet:       www.kloeckner.com
   ISIN:           DE000KC01000
   WKN:            KC0100
   Indices:        SDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1922531

End of News EQS News Service
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1922531 12.06.2024 CET/CEST