Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• People
• Community
• Governance

Environmental Achievements

• 36% fall in total recordable injury frequency rate (2019-2022)
• 29% fall in days away or restricted work due to injury (2019-2022)
• 14% fall in lost time injury frequency rate (2019-2022)
• 100% of major integrated sites covered by ISO14001 or equivalent environmental management

Social Achievements

• Launched GREENSTEEL Academy to develop skills for a net-zero future
• Implemented 'I Am Here' mental health initiative
• Renewed more than 30 enterprise agreements in Australia
• 6,000 Students supported by GFG Foundation since 2017

Governance Achievements

• Established a Restructuring and Transformation Committee (May 2021)
• Developed a Governance Scorecard to map sustainability and governance maturity
• Implemented a Group-wide risk management framework

Climate Goals & Targets

Environmental Challenges

• High carbon footprint of steelmaking
• Increasing demand for steel
• Stringent regulatory pressures to decarbonize
• High capital expenditure required for decarbonization
• Technological challenges in hydrogen-based steelmaking
• Securing supply of scrap
• Availability of low-cost renewable energy
• Limited range of products from EAFs
• Skills shortages and ageing workforce

Mitigation Strategies

• CN30 goal: carbon neutral operations by 2030
• Transitioning from blast furnaces to EAFs and hydrogen-fuelled plants
• Investing in renewable energy technologies
• Developing DRI and HBI production
• GREENSTEEL Academy for skills development
• Partnerships with governments and private sector
• Power Purchase Agreements (PPAs)
• Magnetite mine expansion in Whyalla
• Improving scrap sorting and EAF technology

Supply Chain Management

Responsible Procurement

• Screening protocols for suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Changes in rainfall patterns
• Increased temperatures

Transition Risks

• Changes in energy prices
• Changes in scrap prices
• Changes in carbon pricing
• Policy changes

Opportunities

• Demand for renewable infrastructure
• Demand for low-carbon steel
• Development of green hydrogen technologies

Reporting Standards

Frameworks Used: SASB, GRI

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 13 (Climate action)

Transition to carbon neutral steel production; investment in renewable energy; skills development; community engagement

Sustainable Products & Innovation

• GREENSTEEL