U.S. Steel releases ESG report; highlights steel made at Big River Steel
by June 13, 2023 5:41 pm 1,357 views
U.S. Steel factory workers.
United States Steel Corporation on Tuesday (June 13) issued its 2022 Environmental, Social and Governance (ESG) Report titled, “Essential for our Future,” reaffirming its commitment to sustainable steelmaking and a greener economy.
“Every single employee is playing a role in creating a more sustainable future,” said David B. Burritt, U. S. Steel President & Chief Executive Officer. “Steel’s importance to our society is undeniable, both in the past and into the future as we collectively tackle climate change. It’s of particular significance that we were the first American steel company to set a goal of achieving net-zero greenhouse gas emissions by 2050.”
During 2022, the construction of U.S. Steel’s second sustainable mini mill at Big River Steel Works made progress as the company’s transformation to lower-carbon steelmaking accelerates. Recognition of U.S. Steel’s actions toward its 2050 net-zero goal included the existing Big River Steel mill’s receipt of the first-ever ResponsibleSteel site certification for a North American steel facility, a global multi-stakeholder standard that requires the highest standards of environmental, social and governance performance across the supply chain.
Adding to the company’s green portfolio, and to meet the rising demand for electric vehicles and more efficient motors, U.S. Steel is investing in a non-grain oriented (NGO) electrical steel line. The company unveiled its new electrical steel product, InduX which is set to begin production at Big River Steel in the summer of 2023. Big River Steel also produces U.S. Steel’s line of green steel called verdeX which is manufactured with up to 70-80% fewer emissions than traditional, integrated-mill steel and has a recycled content of up to 90%, exemplifying steel’s potential for high-end recyclability.
“2022 was a crucial year in putting our ambitious ESG initiatives into action,” said Richard L. Fruehauf, U.S. Steel’s Chief Strategy and Sustainability Officer. “Strategy and sustainability are inextricably linked. Our ‘Best for All’ strategy recognizes that what is good for the planet is also good for business, as we focus on producing profitable, sustainable steel solutions.”