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With the narrowing window to limit global temperature rises to 1.5°C in line with the Paris Agreement, we must do all we can to achieve a net zero steel industry by 2050. We will only achieve this with steel users like our members signalling demand for and procuring net zero steel. But steel users need to know what they are buying to make effective procurement decisions, drive the transition, and measure real progress in tackling their scope 3 emissions.
That is why unlocking transparent, reliable, and comparable emissions data for steel has become a critical area of action for our SteelZero initiative. With this in place, businesses can understand and take steps to reduce the environmental impacts of the steel they use. But we need steelmakers to work with us to achieve compatible data sharing systems which will drive common understanding and expectations for data transparency along supply chains. This way, we can drive the industry’s net zero transition together.