Commercial Metals Company Supports a Global Standard to Measure and Report Carbon Emissions
As a founding member of the Global Steel Climate Council (GSCC), Commercial Metals Company (NYSE: CMC) (“CMC”) is proud to support today’s release of The Steel Climate Standard, a global standard to measure and report steel carbon emissions.
The Standard provides a clear path to achieving emissions targets as laid out by the Paris Climate Agreement, while offering a single, technology-agnostic protocol that would apply to all steel producers globally. The Standard represents a transparent reporting system that would enable customers, and other stakeholders, to know and compare carbon emissions intensity across products and producers.
“The steel industry needs to be a meaningful participant in the efforts to reduce GHG emissions and the GSCC provides a simple and transparent Standard that will help guide us toward decarbonization,” said Barbara R. Smith, Chairman of the Board and Chief Executive Officer.
For more information, including access to the full text of The Steel Climate Standard, please visit the Global Steel Climate Council website at: https://globalsteelclimatecouncil.org.
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, three 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 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-carbon 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