Ambition 2030: Steel
DEEP DIVE
Decarbonizing the U.S. steel industry
Globally, the steel industry is responsible for more than 7% of total greenhouse gas (GHG) emissions. Ceres is working to ensure steelmakers set science-based GHG targets, support ambitious climate policies, and invest in both scrap-based electric arc steelmaking and further innovative solutions.
The Ceres Steel Program
Launched in 2017, the Ceres Steel Program focuses on the domestic steel industry. At its inception no U.S. steel makers had set GHG targets. Today, after years of successful investor engagements, 80% have set goals. Now in phase 2, Ceres is supporting the success of these GHG goals with science-based targets and Climate Transition Action Plans (CTAPs).
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2023 Leadership Circle Executive Summary | 17
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