Cleveland-Cliffs’ Post

As climate-related data and analysis continue to evolve, the sustainability team at an international cement and building materials producer wanted to do more to understand the risks, opportunities and potential mitigation strategies. Read the full case study: https://ow.ly/2GBT50PGLe3

Contributing to environmental, economic, and sustainability goals is essential for MCSW! Recycling steel conserves natural resources, reduces environmental impact, and consumes significantly less energy than producing steel from raw materials. Make sustainability part of your next project! - https://vist.ly/p8tu

This is a big deal... the Steel industry, yes, I said the Steel industry is making some serious moves in sustainability. An industry considered by many to be a laggard in sustainability can now claim one steelmaker that is making serious strategies and plans toward a Net Zero future. U.S. Steel, the second largest steel producer in the USA has taken a deep dive into their climate risks, carbon footprint, and set a strategy to decarbonize their operations. The Good News -Appointed a Chief Strategy & Sustainability Officer -Developed a new low emission steel product called verdeX®. Generates 70-80% less emissions than traditional steel. -Set a Net Zero Goal (this is big for a steel company) The Less Good News -2030 Climate goal of 20% reduction of Scope 1 and Scope 2 emissions could be more aggressive. -Net Zero Goal is 2050 and only covers Scope 1 and Scope 2 emissions What this Means for Firms in Steel Industry? -Customers are demanding low emissions steel products --> U.S. Steel isn't going to ingrain sustainability into their strategy if it didn't make financial sense. -If your steel-related business hasn't started evaluating your carbon footprint, you're falling behind. --> You're putting your business and revenue at risk. -It's time to create a decarbonization strategy. --> Customers want lower emissions steel products! What this Means for Other Industries? -If steelmakers can find opportunities to decarbonize, your business can too! -Don't let perfect be the enemy of the good. You don't have to get to Net Zero emissions immediately. -But you do need to start now! Need help getting started? --> ESG OWL provides Fractional Sustainability to help jump-start your sustainability journey.

I wonder if the new Sustainability Officer is working with the CFO, I’m discovering that sustainability and finance teams seem to operate independently. If they can team up and link cost to emissions on a product by product basis and then include revenue, they can tie emissions to profit and work towards lowering emissions but in a profitable way.

Out now! worldsteel’s Sustainability Indicators 2023 report with eight indicators measuring key aspects of the #steel industry’s economic, environmental, and social #sustainability performance. Read it here https://ow.ly/rPYa50Q4Zr5 #steelStats #steelindustry #steelmaking #sustainablesteel #esg #csr #sdgs

It’s great to see McKinsey & Company diving into materials and sustainability. Businesses shouldn't just talk about sustainable materials but actually walk the walk by prioritizing eco-friendly practices to combat climate change. That includes not just the big headline agenda items like EV transitions, but also the decidedly less sexy world of materials development. Recirculating materials, using them more efficiently in products, and increasing the usability and lifetime of vehicles and buildings (which take up most of the aluminum, steel, and cement produced in many global economies) could significantly lessen demand for primary industrial materials, which can, in turn, reduce emissions significantly. Do more with what we’re already mining, creating, building. I like the sound of that. #sustainability #netzeroagenda #greenfuture

CPI EuroMix's sustainability strategy consists of four pillars: planet, product, people, and communities because we believe these underpin a good quality of life for all. See how we are currently adapting our processes and advocating for a sustainable future here: https://lnkd.in/etvis5Yb #SustainabilityStrategy #ISO #SustainableFuture #Construction

Is sustainability a focus area in 2024? If so, consider looking for ways to increase operational efficiency. Operational efficiency can reduce waste and cut carbon emissions. Want to know more? Check out this case study from Sasol a leading petrochemical business, to learn more about Snow solutions transformed their business. Read more: https://ow.ly/FMfs30szi1c