Copyright:
PANO®
update
client newsletter
ArcelorMittal Europe – Flat Products
ArcelorMittal Europe – Flat Products
“Working with customer as PANO® is rewarding in many aspects. Not only were we able to start the journey towards net zero steel already with our XCarb® steel certificate offer. We were also able to work together addressing the complexity of crisp, transparent and correct communication for this new product in the market,” explains Reiner Blaschek, CEO ArcelorMittal Europe – Flat Products.
Reiner Blaschek, CEO ArcelorMittal Europe – Flat Products
PANO® has been determined from day one of the initiative to ensure that its offering promoting decarbonisation is understood and accepted by customers and stakeholders as a step in the right direction, and a bridge towards a net zero solution in due course.
For PANO® the main question was how the impact of the XCarb® steel certificates could legitimately be used by PANO®. What initially seemed straightforward turned into a deeper dialogue with its sustainability advisers, B.A.U.M. Consult GmbH, ArcelorMittal and a range of stakeholders and NGOs. With B.A.U.M. Consult GmbH's assistance a clear distinction has been made between offsetting and ArcelorMittal and PANO®’s insetting approach, whereby carbon emissions are not balanced by external offset purchases but by CO2
savings realised within the value chain by dedicated decarbonisation investments at ArcelorMittal plants.
Thomas Stock, CEO of PANO®
“The XCarb® steel certificates are a key starting point,” says Thomas Stock, CEO of PANO®.
“Industry change in our sector needs collaboration between metal packaging companies and their customers, and the XCarb® steel certificates provide a bridging solution on the path to decarbonisation.
For us it was crucial to ensure transparent and proper use of XCarb® steel certificates.
This was particularly important because we see our sustainability efforts as a genuine commitment and want to be a reliable partner.
Working with ArcelorMittal and B.A.U.M. Consult GmbH, we have now successfully established an acceptable way, recognised by important stakeholders, to use XCarb® steel certificates that meet the regulatory standards
of ESRS, the GHG protocol, SBTi alignment, and the still-to-be-implemented Green Claims Directive.”
The PANO® manufacturing line at Itzehoe, Germany, has a capacity of over 1 billion closures per annum.
In February 2025 PANO® and ArcelorMittal participated in a seminar, hosted by the BAUM e.V., the German network for sustainable business, with a wide range of like-minded companies across all sectors, to exchange insights and experience in handling and communication of insetting certificates - a building block on the path to decarbonisation.