SSAB launches new sustainability strategy
To increase its focus on sustainability, global steel company SSAB is launching a new sustainability strategy. The strategy outlines the measurable environmental targets to be achieved by 2019, including a lasting reduction of 200,000 tonnes in CO2 emissions, a lasting reduction of 300 GWh in purchased energy, and a lasting improvement in the utilization of residuals by 30,000 tonnes, thereby reducing waste being sent to landfills.
In the energy and resource-intense steel industry, SSAB’s focus on sustainability is critical to ensuring the company maintains its long-term competitive position.
“To contribute to our vision of a more sustainable world, SSAB must strive to develop steel in a way that lessens our environmental footprint,” said Martin Lindqvist, SSAB’s president and CEO. “Setting relevant and tough sustainability targets will provide a good basis from which to monitor our progress and make sure we constantly challenge ourselves to improve the way we operate.”
By the end of 2019, SSAB strives to achieve the following goals:
- A lasting reduction of 200,000 tonnes in CO2 emissions
- A lasting reduction of 300 GWh (both electricity and fuel) in purchased energy
- A lasting improvement in residual utilization by 30,000 tonnes (excluding scrap metal), reducing the amount of material being sent to landfills
“As part of our work to develop the new sustainability strategy and updated targets, we engaged with our most important stakeholders,” said Maria Långberg, vice president & head of group sustainability. “Through in-depth interviews and online surveys, we identified our most significant sustainability priorities to focus on looking ahead.”
In addition to environmental targets, SSAB has updated its social responsibility targets, including areas such as performance dialogs, business ethics, compliance with SSAB’s Code of Conduct and supply chain management. The company will also focus on improvements in other sustainability-related areas, like health & safety, where SSAB aims to be the safest steel company in the world, and the increased environmental benefits derived from the use of SSAB’s high-strength steels.
Members of the media are welcome to a press briefing in Stockholm on May 20, where SSAB´s head of group sustainability, Maria Långberg, will discuss the new sustainability strategy. There will be time for interviews after the presentation.
Venue: WTC, Klarabergsviadukten 70, D, Stockholm.
For further information, please contact:
Marie Elfstrand, Director, Media Relations and PR, Tel: +46 8 45 45 734
Maria Långberg, President, Merox AB, VP & Head of Group Sustainability SSAB, Tel: +46 8 45 45 727
More information about sustainability at SSAB is available at www.ssab.com/en/Sustainability/.
SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on the Nasdaq OMX Nordic Exchange in Stockholm and has a secondary listing on the Nasdaq OMX in Helsinki. www.ssab.com.