The Global Steel Climate Council has taken a significant step towards greener steel production with the release of The Steel Climate Standard, a global standard designed to measure and report steel carbon emissions. The Steel Climate Standard offers a singular, technology-agnostic protocol that applies universally to all steel producers, allowing customers to compare carbon emissions associated with different steel products.“While various groups advocate for a global steel standard, some propose a 'ferrous scrap usage sliding scale,' differentiating steel made through traditional processes from that produced using circular methods. In contrast, The Steel Climate Standard establishes a unified set of process-agnostic product standards and mandates science-based emission targets for steel manufacturers,” explained Mr. Greg Murphy, Executive Vice President & General Counsel of Nucor Corporation and Chair of the GSCC."Establish an industry standard to achieve emissions reduction goals outlined in the Paris Climate Agreement by 2050," highlighted David Valenti.The Steel Climate Standard developed by the GSCC has three primary objectives. Mr. Jeff Hansen, Vice President Environmental Sustainability at Steel Dynamics and GSCC Board Member stated “Offers a singular, technology-agnostic framework for steel product certification and science-based emissions target-setting, applicable to all global steel producers. Provides transparency to steel customers regarding the carbon emissions associated with their purchases.esprioritized over lower-carbon steel. This would serve to discourage innovation and allows high-carbon steelmakers to postpone making changes in their production process.”The standard's development involved collaboration among steel companies and associations from Europe, North America, and other countries, aiming to guide global steel manufacturers towards decarbonization.“With a focus on reducing greenhouse gas emissions from the global steel industry, The Steel Climate Standard provides a science-based glidepath to achieve the goals set by the Paris Climate Agreement for a 1.5° C scenario," said Mr. David Valenti, Head of International Affairs at Riva Group.“The steel industry needs to be a meaningful participant in the efforts to reduce GHG emissions, and the GSCC provides a simple and transparent Standard that will help guide us toward decarbonization,” said Ms. Barbara R. Smith, Chairman of the Board and Chief Executive Officer of CMC.“We are proud to be a founding member of the Global Steel Climate Council. Steel is an integral component of the global economy and foundational to the world's essential infrastructure. Specifically, lower-carbon steel is necessary for the transition to a lower-carbon global economy. This new standard will accelerate the actual reduction of greenhouse gas emissions and provide key decisionmakers with transparent and consistent data to make informed decisions. Steel Dynamics is already a leader in producing lower-carbon steel products. We continue to identify decarbonization opportunities, building on our entrepreneurial, innovative spirit," said Mr. Mark D. Millett, Chairman, and Chief Executive Officer of Steel Dynamics.GSCC, a non-profit organization, leads efforts to reduce steel carbon emissions and promotes investments in lower-carbon emission technology to drive global decarbonization. The council includes steel manufacturers, associations, and organizations in the steel supply chain with a presence in 79 countries worldwide. Source - Global Steel Climate Council
The Global Steel Climate Council has taken a significant step towards greener steel production with the release of The Steel Climate Standard, a global standard designed to measure and report steel carbon emissions. The Steel Climate Standard offers a singular, technology-agnostic protocol that applies universally to all steel producers, allowing customers to compare carbon emissions associated with different steel products.“While various groups advocate for a global steel standard, some propose a 'ferrous scrap usage sliding scale,' differentiating steel made through traditional processes from that produced using circular methods. In contrast, The Steel Climate Standard establishes a unified set of process-agnostic product standards and mandates science-based emission targets for steel manufacturers,” explained Mr. Greg Murphy, Executive Vice President & General Counsel of Nucor Corporation and Chair of the GSCC."Establish an industry standard to achieve emissions reduction goals outlined in the Paris Climate Agreement by 2050," highlighted David Valenti.The Steel Climate Standard developed by the GSCC has three primary objectives. Mr. Jeff Hansen, Vice President Environmental Sustainability at Steel Dynamics and GSCC Board Member stated “Offers a singular, technology-agnostic framework for steel product certification and science-based emissions target-setting, applicable to all global steel producers. Provides transparency to steel customers regarding the carbon emissions associated with their purchases.esprioritized over lower-carbon steel. This would serve to discourage innovation and allows high-carbon steelmakers to postpone making changes in their production process.”The standard's development involved collaboration among steel companies and associations from Europe, North America, and other countries, aiming to guide global steel manufacturers towards decarbonization.“With a focus on reducing greenhouse gas emissions from the global steel industry, The Steel Climate Standard provides a science-based glidepath to achieve the goals set by the Paris Climate Agreement for a 1.5° C scenario," said Mr. David Valenti, Head of International Affairs at Riva Group.“The steel industry needs to be a meaningful participant in the efforts to reduce GHG emissions, and the GSCC provides a simple and transparent Standard that will help guide us toward decarbonization,” said Ms. Barbara R. Smith, Chairman of the Board and Chief Executive Officer of CMC.“We are proud to be a founding member of the Global Steel Climate Council. Steel is an integral component of the global economy and foundational to the world's essential infrastructure. Specifically, lower-carbon steel is necessary for the transition to a lower-carbon global economy. This new standard will accelerate the actual reduction of greenhouse gas emissions and provide key decisionmakers with transparent and consistent data to make informed decisions. Steel Dynamics is already a leader in producing lower-carbon steel products. We continue to identify decarbonization opportunities, building on our entrepreneurial, innovative spirit," said Mr. Mark D. Millett, Chairman, and Chief Executive Officer of Steel Dynamics.GSCC, a non-profit organization, leads efforts to reduce steel carbon emissions and promotes investments in lower-carbon emission technology to drive global decarbonization. The council includes steel manufacturers, associations, and organizations in the steel supply chain with a presence in 79 countries worldwide. Source - Global Steel Climate Council
