Steel producers are being pushed from all sides—by regulators, customers, and investors—to prioritize sustainability.
The steel industry plays a critical role in modern infrastructure. But is responsible for 7% of global CO2 emissions. As the world transitions to a low-carbon future, steel producers face increasing pressure to reduce their carbon footprint.
Amid recent economic challenges faced by the steel industry and its broader societal impacts, it is more crucial than ever for industry and governments to uphold a long-term vision for a just and green transition over the next three decades.
Our latest report, 'Shaping the future of sustainable steel: Lessons from Europe's steel Industry’, delves into the challenges, opportunities, and innovations shaping the future of the steel industry as the global transition to a low-carbon economy accelerates.
The report includes insights from ArcelorMittal, ThyssenKrupp Materials Services, Tata Steel UK and MCB Group, and explores:
The technological transformations needed to reduce emissions.
Key market dynamics and regulatory pressures driving change.
The importance of third-party verification and independent assurance in building trust and avoiding greenwashing.
How digitalization will be essential for tracking emissions and ensuring transparency.
Customers want to see third-party oversight of that process, to make sure that any systems we may have in place are being used in a consistent manner and that where we do have savings, they are not being oversold.
Steel is an essential construction and production material worldwide. The ResponsibleSteel™ standard sets forth requirements for responsible processing and production, helping the industry respond to increasing demands for more sustainable business practices.
