Sustainabile Strategy
Our comprehensive decarbonisation strategy outlines our commitment to reducing greenhouse gas emissions across our entire value chain, ensuring a sustainable future in steel production.
Climate Efficiency
We are committed to significantly reducing our carbon footprint, fostering a sustainable future for our planet and contributing to global environmental efforts.
Sustainability drives everything at Greensteel Australia. Our decarbonisation roadmap outlines a strategic plan to reduce greenhouse gas emissions across the entire value chain. This evolving document is regularly updated to reflect the latest scientific research, technological advancements, and stakeholder expectations. We are committed to transparent progress reporting and active engagement with stakeholders to accelerate the transition to a low-carbon future.
Reducing carbon emissions
By significantly reducing or eliminating fossil fuel use in steel production, Greensteel Australia aims to achieve a substantial decrease in CO2 emissions, paving the way for a more sustainable manufacturing process.
The Steel Industry’s Climate Impact
The steel industry accounts for about 7-8% of global CO2 emissions, highlighting the urgent need for sustainable practices.
At Greensteel Australia, we recognise the essential role steel manufacturers play in combating climate change. By pioneering green steel production, we aim to meet growing demand while significantly reducing our carbon footprint.
Our decarbonisation efforts not only support Australia’s emissions reduction targets but also contribute to global climate initiatives, facilitating a shift toward a sustainable and resilient future.
The Transition Is Important
The transition to green steel production offers numerous benefits and is crucial for achieving global climate targets.
Reducing carbon emissions
By significantly reducing or eliminating fossil fuel use in steel production, Greensteel Australia can achieve a substantial decrease in CO2 emissions. This reduction is crucial for addressing the steel industry’s impact on climate change and supporting global initiatives to limit temperature rise.
Enabling sustainable development
Greensteel Australia empowers downstream industries like construction, automotive, and manufacturing to lower their carbon footprints by sourcing low-carbon materials. This initiative supports the broader transition toward a sustainable and circular economy, promoting environmental responsibility across various sectors.
Driving innovation & economic growth
The advancement of green steel technologies fosters opportunities for innovation, research, and development. It also drives economic growth by generating new jobs in the green energy and clean technology sectors, contributing to a sustainable future.
Enhancing energy security
By utilising domestic renewable energy sources, Greensteel Australia’s production reduces reliance on imported fossil fuels, enhancing energy security and resilience. This approach not only supports local economies but also contributes to a sustainable energy future.
Meeting consumer & investor demands
As environmental awareness increases, consumers and investors are demanding sustainable products and companies. By producing green steel, manufacturers can meet these evolving expectations and gain a competitive advantage in the market, positioning themselves as leaders in sustainability.
Meeting global targets
The role of Greensteel in achieving global climate targets is critical. As the steel industry significantly contributes to greenhouse gas emissions, the widespread adoption of Greensteel production is essential for meeting the goals of the Paris Agreement and mitigating the impacts of climate change.