SBB 24 September 2010 Although a number of steelmakers made improvements in their carbon footprint in 2009, less than half responded to the Carbon Disclosure Project’s (CDP) questions for its latest report, Steel Business Briefing has learnt.
The CDP produces an annual report on behalf of 534 investors with combined assets-under-management of $64tr. The report monitors the greenhouse gas emissions, environmental policies and investments of companies in the Global 500, S&P 500, FTSE 350 and FTSE All-Share indices.
Out of the 11 major steel producers on the list, six (AK Steel, Nucor, JFE, Nippon Steel, NLMK and Sail) either did not respond, or did not participate.
Among those who did respond, Korea’s Posco was the only steelmaker to receive an A rating. Posco has participated in the CDP since 2003 and became the first steelmaker worldwide to publish an annual carbon report in February this year, SBB notes.
ArcelorMittal and ThyssenKrupp both received a B rating. ArcelorMittal’s scope 1 emissions (those from primary activities, i.e. steelmaking) per tonne of steel produced, remained level in 2009, although total emissions/t increased 6%. Total emissions (in tonnes CO2) declined, in part because of reduced crude steel output. ThyssenKrupp participated in the report last year but did not make its results public.
US Steel and Brazil’s CSN both scored C ratings this year, although emissions per tonne of steel produced declined in both cases.