Strive for net zero emissions
Our ambition is to reach net zero emissions across our operations by 2050
Further reduce our carbon footprint
Our 2030 targets are to reduce our carbon intensity by a further 30% and our absolute emissions by a further 15%
Invest $1 billion in climate-related projects
Build partnerships across our value chain
No company can adequately address the climate change challenge alone
Support climate advocacy
Carbon pricing through market mechanisms is the best way to accelerate innovation and achieve emissions reductions at least cost
Partnering and Advocating for Policies that Advance Climate Goals
On the complex issue of climate change, we believe that significant progress towards a solution will only occur where there is broad engagement involving the breadth of experience and opinion from business, governments, investors, civil society organisations and consumers. We advocate for policy consistent with our public climate change position and the principles contained within it. We see global industry associations as important partners including in advocacy on key policy issues. Accordingly, where our membership is significant, we will work in partnership with those industry associations to ensure their advocacy is consistent with our own public position and the Paris Agreement.
Partnering to Reduce Carbon Emissions Across the Steel Value Chain
The steel industry accounts for 7-9% of the world’s carbon emissions, according to the World Steel Association.
In 2019, we partnered with China’s largest steel producer, China Baowu Steel Group, and Tsinghua University, one of China’s most prestigious and influential universities, to work on a joint action plan to explore ways to improve environmental performance across the steel value chain.
We will combine our strengths on everything from research and development, technologies, processes, equipment, logistics, industry coordination and policy advisory capacities to bring together solutions to help address the steel industry’s carbon footprint.