ArcelorMittal outlines demands for net-zero steelmaking in EU by 2050 –

June 30, 2020 EcoVadis ‏‏‎

Europe’s largest steelmaker, ArcelorMittal, unveiled plans on Thursday (24 June) to reach carbon neutrality in the EU by 2050, insisting however that success will depend on public support and incentives, including a carbon border tax.

The plan is meant to align the company’s goals with the European Union’s target of cutting emissions to net-zero by 2050, a commitment the bloc made under the Paris Agreement on climate change.

In the short term, the company says it is committed to Europe’s 2030 climate target by developing new ways to increase the use of low-quality scrap metal in its primary steel production process.

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EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

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