Steelcase Inc.

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

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Steelcase annually purchases renewable energy equivalent to 100% of global electricity consumption for direct operations, in every country where it operates. On-site solar is expanding at key manufacturing sites including Rosenheim, Germany and Stribro, Czech Republic. The Stribro plant became the first Steelcase manufacturing facility to achieve a 50% carbon reduction (vs FY2020) through efficiency + on-site solar + cleaner grid.

Steelcase finances carbon credit projects annually to maintain carbon neutrality for direct operations — 100% of Scope 1 emissions offset. Portfolio mixes durable removals (biochar project in India turning agricultural waste into soil amendment with multi-century carbon lock; carbon-storing concrete in North America) with nature-based and emissions-reduction credits (Michigan forest conservation, Kenya clean cooking, Bangladesh methane leak repair). Credits verified by Climate Impact Partners.

• Product redesign for lower embodied carbon

  Products represent 81% of Steelcase's footprint. Doubled recycled content in top-selling Americas task chairs (Series 1, Leap), delivering ~35% embodied carbon reduction across the chair portfolio. Developed an embodied carbon calculator tool that generates real-time data on material trade-offs during design. Completed 83 LCAs/EPDs.

• Operations energy efficiency + on-site renewables

  Achieved 31% reduction in Scope 1+2 emissions from FY2020 baseline by FY2025, ahead of forecast. Investments include higher-efficiency manufacturing equipment (Kentwood Wood Plant replaced 60+ machines with 25 energy-efficient ones, cutting energy use 10% = 1,658 MTCO2e), on-site solar (Rosenheim, Stribro), and process redesign.

• Circular by Steelcase: Remade take-back + decommissioning

  End-of-use services (Remake, Reuse & Recycle, Repair) keep products out of landfill. Achieved >95% landfill diversion rate across decommissioning engagements; diverted 2,180+ tons of FF&E from 1M+ sq ft of office space in FY2025. Capgemini Rennes returned ~1,000 task chairs for remake at ~1/3 the carbon footprint of new.

• Employee commuting + business travel reduction

  Conducted employee survey on travel behaviors to identify lower-carbon options. Young Professionals BIG ran a Carbon Challenge encouraging biking, carpooling, and public transit. Business travel is one of three Scope 3 categories under the 28%-by-2030 target (along with fuel/energy-related activities and waste in operations) — 37% reduction already achieved FY2020-FY2025.

• Packaging — phase out single-use plastics

  Replacing foam with paper-based packaging in Rosenheim (eliminating 700,000+ linear meters of foam) and Orangebox (Wales). Prototype paper-based wraps in Sarrebourg to replace plastic shrink/stretch films. Athens, Alabama reduced plastic use ~2,775 lbs/year via lighter-grade stretch film, eliminated 300+ wood crates/year. 8% reduction in plastic packaging spend FY2024 to FY2025.

• Supplier science-based target engagement

  Engaging suppliers (largest share of Scope 3) to set their own SBTs. 17.5% of suppliers (by emissions) have set targets, 42% additional committed as of FY2025. 2025 Carbon Reduction Leaders include PPG (paint recycling), Kvadrat (circular textiles), Camira (Wool Circle textile-to-textile recycling), Milliken, Ultrafabrics, Pfleiderer and others.