Climate Change Data

Null

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Sustainability
  • Low Carbon Steel Production
  • Supply Chain Management

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Achieving net-zero emissions by 2050.
Medium-term Goals:
  • Transition to scrap-based steelmaking (EAF) increasing scrap utilization.
Short-term Goals:
  • Optimizing current supply chains through integration, circularity, finance, and digitalization.

Environmental Challenges

  • Declining sales and shrinking industry size due to low-cost global competition.
  • High CO2 emissions from traditional steelmaking (BF-BOF).
  • High energy prices in the UK compared to international rivals.
  • 80% of UK scrap steel exported overseas.
  • Lack of SC integration leading to poor planning, procurement, and logistics.
  • Insufficient investment in upgrading assets and R&D.
  • Lack of objective measurement for scrap quality.
  • Poor cash flow in the supply chain (45-60 day payment terms).
Mitigation Strategies
  • Adopt a 'process approach' to build end-to-end supply chain integration.
  • Establish circular supply chains to enable material flow.
  • Implement supply chain finance solutions (e.g., reverse factoring).
  • Deploy digital technologies to support information flow.
  • Consider different scrap sortation models (Laggard, Integrator, Pathfinder).
  • Renovate the business model to add more value (selling steel as a service).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Moving towards quality-driven procurement, not just cost-driven.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Regulatory changes, market shifts.
Opportunities
  • Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)

Initiatives contribute to these goals through reduced emissions, increased resource efficiency, and circular economy practices.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed