Steel is the world’s most widely used material – but despite technologies existing for production to be decarbonised, steelmaking is currently one of the biggest emitters of CO2 globally.
Organisations 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, organisations 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 are committed to procuring, specifying or stocking 100% net zero steel by 2050. They span a diverse range of sectors from construction to renewable energy.
It makes business sense for organisations across the steel supply chain to be prepared for the transition to a low carbon world. A recent report by CDP estimates that 14% of steel companies’ potential value is at risk if they’re unable to decrease their environmental impact, and investors are already raising concerns that the steel industry needs to act now to safeguard its future.
The emissions associated with steel production also tend to account for a significant proportion of an organisation’s supply chain emissions. Joining SteelZero will help to speed up the transition to widescale production of net zero steel, helping organisation's to meet wider decarbonisation targets.