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 in every country where it operates. Investing in on-site solar at key manufacturing locations including Rosenheim, Germany and Stribro, Czech Republic — the latter became the first Steelcase plant to achieve the 50% Scope 1+2 reduction target (vs FY2020) ahead of 2030 via on-site solar plus cleaner grid plus efficiency.

Steelcase achieves carbon neutrality for direct operations by financing carbon credit projects, including a biochar project in India where agricultural waste is pyrolyzed and applied to soil — locking carbon for centuries while improving crop yields. Also supports forest conservation in Michigan, clean cooking in Kenya, methane leak repair in Bangladesh, and carbon-storing concrete in North America. Verified by Climate Impact Partners. CarbonNeutral® product line offers life-cycle offset to customers.

• Embodied carbon reduction in flagship task chairs (Series 1, Leap)

  In Americas, doubled recycled content in highest-volume task chairs by replacing virgin petroleum plastics with recycled plastics derived from residential trash, recycled plastic bottles and carpet scraps. Resulted in 35% average embodied carbon reduction across the portfolio without sacrificing durability or certifications. Lessons being applied globally.

• Operational energy efficiency + manufacturing electrification

  Achieved 31% reduction in Scope 1+2 from FY2020 to FY2025, ahead of original forecast. Kentwood Wood Plant replaced 60+ older machines with 25 energy-efficient ones, cutting energy and CO2 by 10% (1,658 tCO2e). Stribro plant hit 50% reduction milestone early via efficiency + solar + cleaner grid.

• Circular by Steelcase end-of-use services (Remake / Reuse / Recycle)

  Circular by Steelcase: Remade refurbishes task chairs to original spec with new warranty — Capgemini case study saw ~1,000 chairs remade, cutting per-chair carbon to ~one-third of new. Decommissioning service achieved >95% landfill diversion rate, diverting 2,180+ tons of FF&E from 1M+ sq ft of office space in FY2025.

• Packaging plastic phase-out + recycled content

  Phasing out single-use plastics in packaging by FY2031, targeting 75% recycled content. Currently 43% (up from 40% in FY2024). Rosenheim Germany replacing foam with paper-based packaging (eliminating 700,000+ linear meters of foam). Orangebox replaced foam with paper-based wraps; Sarrebourg France prototyping paper wraps to replace plastic stretch/shrink film. Athens Alabama saved ~2,775 lbs plastic/year and eliminated 300+ wood crates.

• Supplier science-based target engagement

  Engaging suppliers (based on emissions levels) to set their own science-based targets — 17.5% have set targets, additional 42% have committed. Recognizes 2025 Carbon Reduction Leaders including PPG, Kvadrat, Milliken, Ultrafabrics. Sunsetting original 80% goal at end of CY in line with SBTi standards while continuing partnerships.

• Logistics + business travel + employee commuting reduction

  Achieved 37% reduction (FY2020–FY2025) in Scope 3 fuel/energy related activities, waste in operations and business travel vs 28% goal by 2030. Conducted employee commuting survey; Young Professionals BIG ran Carbon Challenge encouraging biking, carpooling, public transit. Packaging upgrades reducing shipment counts.