Commercial Metals Company Supports Global Standard to Measure and Report Carbon Emissions
Commercial Metals Company (NYSE: CMC) (“CMC”) is proud to be a founding member of the Global Steel Climate Council (GSCC), an international coalition of steel producers and stakeholders spearheading the steel industry toward reducing emissions.
Today, the GSCC released a draft of The Steel Climate Standard, a global standard to measure and report steel carbon emissions. The standard focuses on reducing greenhouse gas (GHG) emissions from the global steel industry with a science-based glidepath to reduce emissions in line with the goal of the Paris Climate Agreement to achieve a 1.5º C scenario. The standard offers a single, technology-agnostic protocol that would apply to all steel producers equally on a global basis and would enable steel customers to know and compare the actual carbon emissions associated with steel products.
“Steel is an essential component for a sustainable future, providing vital materials in a wide variety of investments from renewable energy projects to critical infrastructure, and CMC is one of the cleanest producers of steel in the world,” said Barbara Smith, CMC Chairman of the Board and CEO. “The Steel Climate Standard creates a clear pathway for the industry to meaningfully reduce emissions and play a significant role in global decarbonization efforts.”
About Commercial Metals Company
Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace (“EAF”) mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland. Through its Tensar division, CMC is a leading global provider of innovative ground and soil stabilization solutions selling into more than 80 national markets through its two major product lines: Tensar® geogrids and Geopier® foundation systems.
About the Global Steel Climate Council
GSCC is a non-profit organization created to lead an effort to reduce steel carbon emissions and encourage investments in lower emission technology as part of the global effort to decarbonize economies and societies. GSCC members are steel manufacturers, associations and other organizations in the steel supply chain that have a presence in 79 countries around the world.
Source: Commercial Metals Company