The World Steel Association (worldsteel), headquartered in Brussels, Belgium, is a leading global organisation representing the steel industry. Founded in 1967, it has played a pivotal role in promoting sustainable steel production and usage across major operational regions, including Europe, Asia, and the Americas. Worldsteel focuses on key business areas such as industry advocacy, research, and the development of best practices in steel manufacturing. Its core services include providing statistical data, facilitating collaboration among members, and promoting innovation in steel technologies. Recognised for its commitment to sustainability, worldsteel has achieved notable milestones, including the establishment of initiatives aimed at reducing carbon emissions in steel production. With a strong market position, it continues to influence the global steel landscape, driving advancements that enhance the industry's efficiency and environmental responsibility.
How does World Steel Association's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Other Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
World Steel Association's score of 18 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, the World Steel Association reported a global energy intensity of approximately 21,270 kg CO2e per tonne of crude steel cast. This figure reflects the industry's ongoing efforts to monitor and manage carbon emissions associated with steel production. The association has not disclosed specific Scope 1, 2, or 3 emissions data, nor has it set formal reduction targets or initiatives under the Science Based Targets initiative (SBTi). Historically, the association's emissions intensity has fluctuated, with values such as 1,880 kg CO2e per tonne in 2020 and 1,750 kg CO2e per tonne in 2012. These figures indicate a complex landscape of emissions management within the iron and steel sector, highlighting the need for continued innovation and commitment to sustainability. While the World Steel Association has not outlined specific reduction commitments, the industry context suggests a growing recognition of the importance of addressing climate change. The association's focus on energy intensity metrics underscores its commitment to improving efficiency and reducing the carbon footprint of steel production.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
World Steel Association is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.