Sustainability is everybody’s responsibility and the collective goal of our society to make sure that our needs at the current time are met without compromising the ability of future generations to meet their own needs. The steel industry recognises the need to act on sustainability topics and has been undertaking various initiatives and programmes to deliver its commitment to a sustainable society.
Measuring key aspects of the industry’s economic, environmental and social performance and reporting at a global level on a yearly basis is one of the major and long-standing efforts that the steel industry undertakes to manage its performance, demonstrate its commitment to sustainability and to enhance transparency.
These Sustainability Indicators of the steel industry are directly related to the worldsteel Sustainability Principles and are also closely aligned with the UN Sustainable Development Goals, reflecting the evolving business environment as well as the expectations and requirements of society.
worldsteel members have been providing data for the 8 Sustainability Indicators, spending significant resources to collect and measure their performance every year since 2004 for worldsteel and the many reporting frameworks that require such information.
In 2023, 94 steel companies and associations contributed to the data collection. Crude steel produced by companies that reported on one or more indicators for fiscal year 2022 was 990.2 million tonnes, representing 53% of global crude steel production. 77 organisations voluntarily provided data for one or more of the 8 indicators, 41 of which provided data for all 8 indicators.