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Forty-two of the world’s major steel companies have brought out a joint sustainability report on their environmental and social impacts.
Sustainability reports produced by an industry sector are fairly unusual. Companies in other industries – most notably automobiles and mining and minerals – have come together to review their social and environmental impacts, but none is thought to have produced a specific document aggregating sectoral sustainability data.
The International Iron and Steel Institute, representing 115 companies and 60 steel federations, has taken two years to draw up the report. The 42 companies that provided data for the joint report make a third of the world’s crude steel and have collectively reported against 11 indicators such as carbon dioxide emissions, staff training, energy use, recycling and workplace injuries. The documents cover the period to April 2003.
The participants include California Steel Industries, China Steel Corporation, Corus, Dofasco, Kobe Steel, Nisshin Steel, Qatar Steel Company, Tata Iron and Steel, and United States Steel Corporation. Together, the 42 generated revenues of $191billion (£100bn) in 2003.
The companies reported individually to the Brussels-based institute, which verified the information and showed it to a panel of three – Mitsutsune Yamaguchi, professor of economics at Keio University in Japan, Carlos Delpupo, sustainable business solutions manager at Pricewaterhouse-Coopers in Brazil, and Greg Keoleian, co-director of the Centre for Sustainable Systems at Michigan University in the US.
Scott Chubbs, the institute’s general manager of market development and sustainability, said one aim was to prompt more iron and steel companies to produce sustainability reports.
‘We have some leading companies that do sustainability reporting, but we saw this as a way of encouraging greater reporting,’ he told EP. ‘We aim to bring along all the 80 or so steel companies in our membership, especially those that are not thinking this way and need to get on board.’ The report will be annual, with the second edition due later this year.
Sustainability reports produced by an industry sector are fairly unusual. Companies in other industries – most notably automobiles and mining and minerals – have come together to review their social and environmental impacts, but none is thought to have produced a specific document aggregating sectoral sustainability data.
The International Iron and Steel Institute, representing 115 companies and 60 steel federations, has taken two years to draw up the report. The 42 companies that provided data for the joint report make a third of the world’s crude steel and have collectively reported against 11 indicators such as carbon dioxide emissions, staff training, energy use, recycling and workplace injuries. The documents cover the period to April 2003.
The participants include California Steel Industries, China Steel Corporation, Corus, Dofasco, Kobe Steel, Nisshin Steel, Qatar Steel Company, Tata Iron and Steel, and United States Steel Corporation. Together, the 42 generated revenues of $191billion (£100bn) in 2003.
The companies reported individually to the Brussels-based institute, which verified the information and showed it to a panel of three – Mitsutsune Yamaguchi, professor of economics at Keio University in Japan, Carlos Delpupo, sustainable business solutions manager at Pricewaterhouse-Coopers in Brazil, and Greg Keoleian, co-director of the Centre for Sustainable Systems at Michigan University in the US.
Scott Chubbs, the institute’s general manager of market development and sustainability, said one aim was to prompt more iron and steel companies to produce sustainability reports.
‘We have some leading companies that do sustainability reporting, but we saw this as a way of encouraging greater reporting,’ he told EP. ‘We aim to bring along all the 80 or so steel companies in our membership, especially those that are not thinking this way and need to get on board.’ The report will be annual, with the second edition due later this year.
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