Committing to a Future of Net Zero Steel

Jul 5, 2024 | BLOG, Sustainability

As part of our on-going responsibility to reducing our impact on the environment, we’re now a member of SteelZero that brings together leading organisations to speed up the transition to a net zero steel industry. As well as driving demand for low emission steel and contributing to policy reviews, SteelZero members take collective action and improve knowledge and awareness through peer-to-peer learning and sharing best practice.

Steel is the primary material in many of our products, and its global production is estimated to represent around 7% of the world’s GHG emissions[1]. By becoming a member of SteelZero, alongside over 40 other businesses consuming over 10 million tonnes of steel every year, we’re on a pathway to using 50% low emission steel by 2030 and 100% net zero steel by 2050.  As one of the top five emitting materials in our purchased goods, reinforced steel accounts for around 20% of total CO2e emissions, so the impact of making the switch will be significant.

“Becoming a member of SteelZero recognises our environmental impact beyond our own production and operation emissions and keeps us on track as we aim to become a net zero business by 2045. Through our Project Earth initiative we’ll continue to assess the impact of the steel we use and work with SteelZero on ways to reduce its impact.”

Global Marketing and Sustainability Director, Tina Hughan

As part of our membership, we’re also now aligning on the ResponsbileSteel global definition of what we mean by ‘low emission’, ‘near-zero’ and ‘net zero’ steel. Setting a basic threshold of GHG emissions intensity for steel production, low emission steel falls significantly beneath that figure[2], demonstrating a measurable and significant reduction in emissions.

By harnessing collective purchasing power and influence, SteelZero is sending a clear message of demand to steelmakers, policymakers and investors to speed up widescale production of net zero steel.


[2] SteelZero, Policy Principles to Speed up the Global Transition to Net Zero Steel, May 2022

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