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Our work in the steel sector

The clean economy will be built on clean steel. The swift transformation of the U.S. steel industry underscores how big the benefits can be of the technology advances and smart policy Ceres is working with investors and companies to advance.

Our Progress

We work with investors and companies in the steel sector to reduce their overall climate impacts and accelerate the just and sustainable transition to a low-carbon economy. In 2017, we began engaging with steel companies to address their climate emissions and other sustainability risks. At the time, no U.S. steel makers had set climate emissions reduction targets. Today, after years of successful engagements with investors, 80% of U.S. steel companies have set climate goals. Here are some recent highlights.

Nucor

Nucor, the largest steelmaker in the U.S. and 15th largest in the world, committed to adopting its first 1.5°C climate target inclusive of Scope 3 emissions.

U.S. Steel

U.S. Steel announced a deal to supply General Motors with low emissions steel, which will help reduce climate emissions in the transportation sector as well. The steel is manufactured with up to 75% fewer emissions and made with up to 90% recycled content.

Steel Dynamics

Steel Dynamics followed U.S. Steel’s lead by pledging to become carbon neutral by 2050. Additionally, the company plans to increase renewable energy to power its steel mills to 30% by 2030.

U.S. Steel

U.S. Steel unveiled its new sustainable steel line at our annual conference. The company also publicly pledged to be carbon neutral by 2050, becoming the first steel company to do so.

Learn How to Create a Transition Plan 

Broad commitments and long-term goals for stabilizing the climate, protecting water, and conserving and restoring nature aren’t enough. The next step for investors and companies is to develop and publicly disclose a concrete plan for moving from commitment to impact.

Learn more

Help us transform the steel sector

Our work to accelerate the transition to a more just and sustainable economy depends on the generosity of our supporters. Your gift will help Ceres drive progress across every sector of the economy.

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