Cleveland-Cliffs commitments to reducing greenhouse gas emissions by 25% by 2030 - Smart Energy Decisions

Energy Efficiency, GHG Emissions, Sourcing Renewables  -  February 1, 2021

Cleveland-Cliffs to reduce GHG emissions by 25% by 2030

Flat-rolled steel producer Cleveland-Cliffs announced on Jan. 29 that it has set a target to reduce its greenhouse gas emissions by 25% by 2030. This goal represents combined Scope 1 (direct) and Scope 2 (indirect) greenhouse gas emission reductions on a mass basis (metric tons per year) compared with 2017 baseline levels. 

“We at Cleveland-Cliffs acknowledge that one of the most important issues impacting our planet is climate change,” Lourenco Goncalves, chairman, president and CEO, said in a statement. "The American steel industry is one of the cleanest and most energy-efficient in the world, and therefore the utilization of steel Made in the USA is a decisively positive move to protect the planet against massive pollution embedded in the steel produced in other countries. Our commitment to operating our business in an environmentally and socially responsible manner remains our priority. As we continue to grow the company going forward, we will vigorously pursue the opportunities we have outlined in our Greenhouse Gas Reduction Commitment and will be transparent with our stakeholders by regularly reporting on our progress.”

Cleveland-Cliffs’ plan is based on its execution of the following five strategic priorities:

  1. Developing domestically sourced, high-quality iron ore feedstock and utilizing natural gas in the production of hot briquetted iron (HBI)
  2. Implementing energy efficiency and green energy projects
  3. Investing in the development of carbon capture technology
  4. Enhancing our greenhouse gas emissions transparency and sustainability focus
  5. Supporting public policies that facilitate carbon reduction in the domestic steel industry

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