Sustainability Action Map (above): selected initiatives and actions taken by forward-thinking worldsteel members to address our global industry and societal challenges.
Among the areas covered by the report are industry-level challenges, commitments and actions relating to climate action, responsible sourcing and co-products; what steel companies are doing individually to address our global industry and societal challenges; and how steel is being applied in versatile and innovative ways to provide sustainable solutions for our everyday lives.
Edwin Basson, Director General, worldsteel, said, “the global steel industry shares society’s challenges and concerns – from climate change and urbanisation to ensuring long-term economic growth and responsible management and sourcing of resources, we as an industry and as individual steel companies are being proactive in addressing these challenges on many different fronts. We do not yet have all the answers, but we are committed to engaging and collaborating with our stakeholders to find the right solutions to help meet society’s needs in a sustainable way.”
Steel companies from around the world have been voluntarily reporting on up to eight sustainability indicators every year since 2004. These indicators provide a systematic way of measuring key aspects of the industry’s economic, environmental and social performance on a yearly basis. In 2018, a total of 97 steel organisations worldwide participated in the 2018 data collection, representing 960.8 Mt or 56.9% of global crude steel production in 2017.
Results for the industry’s global economic, social and environmental indicators for the 2017 fiscal year are as follows:
worldsteel members represent approximately 85% of the world’s steel production, including over 160 steel producers with nine of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.
To read more about the Sustainable Steel – Indicators and Industry Initiatives report, click here.