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The new standard will “play a pivotal role in driving down greenhouse gas (GHG) emissions and driving up standards in the steel supply chain” and will “push back against greenwashing,” it said on Wednesday September 14.
Created after taking inputs from its members — which include steel companies such as ArcelorMittal, Tata Steel, US Steel, Thyssenkrupp, Posco, BlueScope, and Voestalpine, as well as environmental non-governmental organizations — the “ResponsibleSteel International Standard V2.0” will enable steel buyers to “specify what green procurement means in a credible way.”
The revised standard addresses issues across the entire environmental, social, and corporate governance (ESG) spectrum as well as the threat of climate change, pertaining specifically to GHG emissions and the responsible sourcing of input materials, it said.
The standard applies to operational steel and related sites that process raw materials for steelmaking, or that produce steel products, according to a ResponsibleSteel spokesperson.
ResponsibleSteel noted the following:
The official review of the new standard will start in 2023, according to the organization’s website.
“Steel customers can now be confident in specifying ResponsibleSteel-certified steel products,” Gerry Tidd, chairman of ResponsibleSteel’s board of directors, said in a press release.
To keep up with the green steel discussion by visiting our Green Steel Spotlight page. Learn more.