Our top FAQs
What is SteelZero?
SteelZero, led by the Climate Group in partnership with ResponsibleSteel, is a global initiative that brings together forward-looking organisations to speed up the transition to a net zero steel industry. Organisations that join SteelZero make a public commitment to use, procure and specify 100% net zero steel by 2050. By harnessing their collective purchasing power and influence, SteelZero sends a strong demand signal to shift global markets and policies towards responsible production and sourcing of steel.
Why is it important to address the future of steel?
Steel is the world’s most widely used material – from buildings to bridges, scissors to saucepans, cars to wind turbines, it’s found in almost every aspect of our lives. But unfortunately, steelmaking is currently one of the biggest emitters of CO2 globally, despite the fact that technologies exist for its production to be decarbonised. Total greenhouse gas emissions from the steel sector alone account for around 7% of global annual emissions, and this is projected to rise in line with increasing demand. Given we have less than 10 years to halve global carbon emissions to get the world on track to reach net zero by mid-century, decarbonising steelmaking needs to be a critical part of the journey. And we have to start today.
Why join SteelZero?
Corporate and public sector demand for low emissions steel has a particularly critical role to play in reducing emissions: encouraging new low emissions steel production technologies as well as driving lower emissions from recycled steel and the re-use of steel-based products. SteelZero is the first initiative which focuses on driving a powerful demand signal for net zero steel. The platform enables leading organisations, their peers and suppliers to come together and address key barriers currently faced in their steel supply chains. Working groups and/or roundtables will assist organisations in developing a roadmap to fulfil their commitment to net zero steel - agendas will be driven by the needs of members and co-ordinated by SteelZero
What do organisations commit to?
Organisations that join SteelZero must be willing to make a public commitment to procuring, specifying or stocking 100% net zero steel by 2050. The full criteria is set out in the SteelZero Commitment Framework, however a summary of the minimum commitment criteria includes a long term commitment to procure 100% net zero steel by 2050; and an interim commitment to procure 50% of its steel requirement by 2030, meeting one or a combination of:
• Steel produced by a steelmaking site where the site’s corporate owner has defined and made public both a long-term emissions reduction pathway and a medium-term, quantitative science-based GHG emissions target for the corporation. A target approved by the SBTi (Science Based Targets initiative) or equivalent would meet this interim requirement in full.
• ResponsibleSteel™ Certified Steel, or equivalent
• Low Embodied Carbon Steel, with a defined specific emissions intensity which takes into account the proportion of end of life scrap
Organisations are encouraged to commit to the most ambitious, credible target that fits with their strategy and may go beyond the minimum commitment criteria.
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Date added: 02/03/23
SteelZero FAQ Japanese Translation.pdf
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Date added: 16/03/23