The international nonprofit Climate Group, in partnership with ResponsibleSteel, has launched SteelZero in India, a global initiative that brings together leading organizations to speed up the transition to a net zero steel industry. During the launch, leading Indian steel maker JSW Steel & Tata Steel as well as Steel Ministry, L&T and Maersk shared their support for the initiative and explored its potential to have a significant impact on investment, policy, manufacturing and production of net zero steel in India. JSW Chairman & World Steel Association Chairman Mr Sajjan Jindal said “The steel industry is committed to reducing the carbon footprint from its operations and from its end products. We support the role of SteelZero as a unifying demand initiative that seeks collaboration across the demand and supply ecosystem, jointly working towards speeding up the transition to a net zero steel industry. We welcome the launch of SteelZero in India.” In the coming months, Climate Group will launch a Net Zero Steel Demand Outlook report based on the Indian steel demand landscape. Companies will then be invited to join working groups for individual steel-using sectors with the objective of supporting them in adopting net zero or low carbon steel. Climate Group will also publish an insights report for each identified sector resulting from the working group discussions.India is the second-largest producer of steel after China. Emissions from India’s steel industry are projected to triple over the next three decades. The country’s push to meet its net zero targets will rely heavily on the decarbonization of its steel sector. SteelZero brings together businesses across the steel industry to make a public commitment to buy and use 50% low emission steel by 2030, setting a clear pathway to using 100% net zero steel by 2050.SteelZero is a global initiative that brings together leading organizations to speed up the transition to a net zero steel industry. Organizations that join SteelZero make a public commitment to procure 100% net zero steel by 2050. By harnessing their collective purchasing power and influence, we’re sending a strong demand signal to shift global markets and policies towards responsible production and sourcing of steel. To become a member of SteelZero, organizations must make a public commitment to procuring, specifying or stocking 100% net zero steel by 2050 and an interim commitment to procuring, specifying or stocking 50% of its steel requirement by 2030. SteelZero members includeAP Moller MaerskBarrett SteelBHCBillington StructuresB+M SteelBourne GroupEiffage Métal FranceGrosvenor Property UKIberdrolaLandsecLendleaseMace GroupMetStructuresMorrow + LorraineMultiplex Construction EuropeØrstedSeverfield plcSiemens GamesaSmuldersSkanska UKSKFVattenfall BA WindVolvo CarsWilliam HareWSP UK
The international nonprofit Climate Group, in partnership with ResponsibleSteel, has launched SteelZero in India, a global initiative that brings together leading organizations to speed up the transition to a net zero steel industry. During the launch, leading Indian steel maker JSW Steel & Tata Steel as well as Steel Ministry, L&T and Maersk shared their support for the initiative and explored its potential to have a significant impact on investment, policy, manufacturing and production of net zero steel in India. JSW Chairman & World Steel Association Chairman Mr Sajjan Jindal said “The steel industry is committed to reducing the carbon footprint from its operations and from its end products. We support the role of SteelZero as a unifying demand initiative that seeks collaboration across the demand and supply ecosystem, jointly working towards speeding up the transition to a net zero steel industry. We welcome the launch of SteelZero in India.” In the coming months, Climate Group will launch a Net Zero Steel Demand Outlook report based on the Indian steel demand landscape. Companies will then be invited to join working groups for individual steel-using sectors with the objective of supporting them in adopting net zero or low carbon steel. Climate Group will also publish an insights report for each identified sector resulting from the working group discussions.India is the second-largest producer of steel after China. Emissions from India’s steel industry are projected to triple over the next three decades. The country’s push to meet its net zero targets will rely heavily on the decarbonization of its steel sector. SteelZero brings together businesses across the steel industry to make a public commitment to buy and use 50% low emission steel by 2030, setting a clear pathway to using 100% net zero steel by 2050.SteelZero is a global initiative that brings together leading organizations to speed up the transition to a net zero steel industry. Organizations that join SteelZero make a public commitment to procure 100% net zero steel by 2050. By harnessing their collective purchasing power and influence, we’re sending a strong demand signal to shift global markets and policies towards responsible production and sourcing of steel. To become a member of SteelZero, organizations must make a public commitment to procuring, specifying or stocking 100% net zero steel by 2050 and an interim commitment to procuring, specifying or stocking 50% of its steel requirement by 2030. SteelZero members includeAP Moller MaerskBarrett SteelBHCBillington StructuresB+M SteelBourne GroupEiffage Métal FranceGrosvenor Property UKIberdrolaLandsecLendleaseMace GroupMetStructuresMorrow + LorraineMultiplex Construction EuropeØrstedSeverfield plcSiemens GamesaSmuldersSkanska UKSKFVattenfall BA WindVolvo CarsWilliam HareWSP UK
