Climate Change Data

BlueScope Steel Limited

Climate Impact & Sustainability Data (2015-2016, 2016-2017, 2018-2019, 2019, 2020-07 to 2021-06, 2021-07 to 2022-06, 2022, 2022-11-18 to 2022-12-16, 2024, FY2023)

Reporting Period: 2015-2016

Environmental Metrics

Total Carbon Emissions:10,335.0 ktCO2-e
Scope 1 Emissions:8,145.0 ktCO2-e
Scope 2 Emissions:2,190.0 ktCO2-e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:29,214 ML
Waste Generated:Not disclosed
Carbon Intensity:2.16 tonnes CO2-e per tonne of steel (Port Kembla)

ESG Focus Areas

  • Governance
  • Environment
  • Social (People, Community, Customers, Suppliers)

Environmental Achievements

  • Australian GHG emissions have fallen by almost 40% since FY2012
  • Over 99% of water used at Port Kembla Steelworks is recycled water or saltwater
  • Only 3% of materials used at BlueScope sites left as waste in FY2016
  • Received the 10-year sustainability achievement award at the NSW Green Globe Awards

Social Achievements

  • LTIFR of 0.57 at the end of FY2016 (compared to 1.17 industry average)
  • Implemented 'Stand up for Safety' program in Malaysia
  • Launched CONNACTION program in Malaysia to improve community lives
  • Increased female representation in hiring (23% of all employees hired in FY2016 were women)

Governance Achievements

  • Implemented a comprehensive governance framework including Board and Committee Charters, Delegation of Authority Policy, Our Bond, and a risk management framework
  • Established a Business Conduct Reporting Hotline
  • Became a signatory to the World Steel Association’s Sustainable Development Charter
  • Full ownership of North Star BlueScope Steel acquired

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Climate change and its impact on emissions
  • Maintaining international competitiveness while reducing emissions
  • Balancing emissions reduction with employment and economic activity
  • Increasing female representation in the workforce
Mitigation Strategies
  • Implementing energy efficiency measures (process optimization, equipment upgrades, etc.)
  • Investing in research and development for emissions reduction technologies
  • Working with governments on climate change policies
  • Implementing diversity initiatives (recruitment models, training programs, etc.)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Visiting major suppliers to observe environmental performance and worker conditions
  • Guide to Business Conduct sets expectations for fair dealing with suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Climate change regulation
Opportunities
  • Energy efficiency improvements

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001 (various sites)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • ZINCALUME steel, COLORBOND steel with Activate technology, EPDs for products

Awards & Recognition

  • Green Globe 10-year sustainability achievement award, various safety awards

Reporting Period: 2016-2017

Environmental Metrics

Total Carbon Emissions:109 ktCO2-e per annum
Total Energy Consumption:8,627 Petajoules per annum
Water Consumption:33,158 ML/annum
Waste Generated:Less than 3% of materials used in steelmaking facilities classified as waste
Carbon Intensity:1.67 tonnes CO2-e per tonne raw steel

ESG Focus Areas

  • Employee and contractor health, safety and wellness
  • Climate change and energy
  • Diversity and inclusion
  • Governance and business conduct
  • Supply chain sustainability

Environmental Achievements

  • Reduced Australian CO2 emissions by 43% since FY2011
  • Reduced fresh and recycled water use by 8% from FY2016
  • Disposal of the Taharoa business will result in a one-third reduction in annual global fresh water use in the future
  • Maintained a material efficiency rate of more than 95% since FY2011
  • 8% reduction in emissions intensity per tonne of steel

Social Achievements

  • Maintained Lost Time Injury Frequency Rate below 1.0 for 13 years
  • Percentage of women recruited to operator and trades roles increased to 29%, from 7% in FY2016
  • Percentage of women on Board of Directors increased to 33%
  • Launched the Pulse employee engagement survey
  • Launched the BlueScope Training Centre in Thailand

Governance Achievements

  • Established a Sustainability Council
  • Created a Risk and Sustainability Board Committee
  • Developed a Responsible Sourcing Standard
  • Developed first tax transparency report
  • Undertook a detailed review of business conduct and corporate compliance

Climate Goals & Targets

Environmental Challenges

  • Climate change and its impact on operations and markets
  • Maintaining a capable and skilled workforce
  • Managing social, environmental and ethical risks in global supply chains
  • Ensuring compliance with environmental regulations
  • Maintaining cost-competitive operations
Mitigation Strategies
  • Investing in energy efficiency projects
  • Implementing a refreshed innovation framework
  • Developing a Responsible Sourcing Standard
  • Strengthening HSE risk management processes
  • Implementing diversity and inclusion initiatives

Supply Chain Management

Responsible Procurement
  • Responsible Sourcing Standard

Climate-Related Risks & Opportunities

Transition Risks
  • Market shifts, policy changes, legal matters, reputational risks
Opportunities
  • Development of new products and services, differentiation from competitors

Reporting Standards

Frameworks Used: GRI Standards: Core Option

Certifications: ISO 14001

Sustainable Products & Innovation

  • Butler TBS Insulation System, Varco Pruden ThermaLift Insulation System

Awards & Recognition

  • National Steel Transport Safety Network Awards, Steel Manufacturers Association annual Don B. Daily Achievement in Safety award, Kepner Tregoe's International Rational Process Achievement Awards, BlueScope Environment Awards

Reporting Period: 2018-2019

Environmental Metrics

Total Carbon Emissions:8590 ktCO2-e/year
Renewable Energy Share:20% (Australian electricity purchases)
Total Energy Consumption:1.64 GJ/t
Water Consumption:18310 ML/year

ESG Focus Areas

  • Safety, health and wellbeing
  • Climate change and energy
  • Diversity and inclusion
  • Supply chain sustainability
  • Governance and business conduct

Environmental Achievements

  • 1.2% reduction in GHG emissions intensity per tonne of steel compared to FY2018
  • Achieved 47% aggregated pre- and post-consumer recycled scrap steel use across steelmaking operations
  • Reduced total fresh and recycled water use by 20%, and water intensity per tonne of crude steel by 24%
  • Reduced annual purchased electricity by 13% at New Zealand Steel through improved off-gas and heat recovery

Social Achievements

  • 64% of employees engaged in HSE improvement projects
  • Recruitment of women to permanent operator and trade roles at 40%
  • Overall employee engagement score of 80%
  • Launched new ‘Speak Up’ policy

Governance Achievements

  • Published an Industry Associations Governance Standard
  • Completed a review of APRA’s report into the Commonwealth Bank of Australia, identifying areas for improvement
  • All members of the ELT had a component of their STI linked to specific sustainability measures

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • 1% year-on-year reduction in Scope 1 and Scope 2 GHG emissions intensity for steelmaking sites to 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Plateauing safety performance over the past 12 years
  • Global demand for steel expected to grow significantly to 2050 and beyond, requiring new virgin steel production
  • Challenges to develop and deploy low-emission steelmaking technologies
  • Reputational impacts if not making progress against public commitments
  • Substitution of steel from competing materials
  • Government regulation of GHG emissions impacting international competitiveness
  • Susceptibility of operations and supply chains to extreme weather
  • Potential cartel conduct investigation by the ACCC
Mitigation Strategies
  • Released a new five-year HSE strategy
  • Implementing emissions and energy reduction projects
  • Roll-out of supply chain sustainability program, including Supplier Code of Conduct and training
  • Alignment of disclosures with TCFD recommendations and other frameworks
  • Engagement with investors and proxy advisors on climate change
  • Access to a broad range of capital markets
  • Inclusion of shadow carbon pricing in Capital Investment Framework
  • Support for emerging technology developments in iron and steelmaking
  • Public commitment to review climate risk scenario analysis and GHG emission reduction targets every three years
  • Short-term incentives for management linked to GHG emission reduction targets
  • Communication of steel’s contribution to a circular economy
  • Consideration of climate and energy policies within risk management framework
  • Energy supply strategy considering cost, reliability and emissions intensity
  • Advocacy for global cooperation for a fair and equitable response
  • Risk management processes and climate risk scenario analysis supporting understanding of resilience
  • Plant design specifications considering climate change impacts
  • Engagement with key suppliers on climate change mitigation and adaptation
  • Constructive engagement with the ACCC and internal investigation

Supply Chain Management

Supplier Audits: 34 assessments completed

Responsible Procurement
  • Responsible Sourcing Standard
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • More frequent storms and extreme weather
Transition Risks
  • Access to capital becoming more restricted or expensive
  • Challenges to develop and deploy low-emission steelmaking technologies
  • Reputational impacts if not committed to or making progress against public commitments
  • Government regulation of GHG emissions without sufficient measures to maintain international competitiveness
Opportunities
  • Development of energy-efficient products
  • Expansion of North Star operations

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 45001

UN Sustainable Development Goals

  • SDG 3
  • SDG 5
  • SDG 6
  • SDG 8
  • SDG 12
  • SDG 13
  • SDG 16
  • SDG 17

Aligned to the principles of the UN Global Compact and informed by the UN Sustainable Development Goals

Sustainable Products & Innovation

  • Next Generation ZINCALUME® steel with Activate® Technology
  • COLORBOND® Coolmax® steel
  • COLORSTEEL® DRIDEX® steel
  • Fielders SlimFlor™ steel flooring system

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Risk Management
  • Ethics and Compliance
  • Corporate Governance
  • Sustainability

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2020-07 to 2021-06

Environmental Metrics

Total Carbon Emissions:8800 ktCO2-e/year (Scope 1 & 2)
Scope 3 Emissions:12700 ktCO2-e/year
Water Consumption:11260 ML/year (freshwater)
Waste Generated:180,000 tons/year (diverted from landfill)
Carbon Intensity:Steelmaking GHG emissions intensity reduced by 1.8% against FY2018 baseline

ESG Focus Areas

  • Sustainable and enduring business
  • Safe and inclusive workplaces
  • Climate action
  • Responsible products and supply chains
  • Strong communities

Environmental Achievements

  • 28% reduction in absolute emissions since 2005
  • Doubling of recycled water consumption from 3,290 to 7,100 ML, resulting in 4,000 ML reduction in total fresh water consumption
  • Percentage recycled water consumption increased from 17% to 39%
  • Fresh water intensity of steelmaking activities decreased from 2.03 to 1.32 kL per tonne of raw steel
  • More than 180,000 tonnes of waste material diverted from landfill or treatment
  • 98% material efficiency across our steelmaking assets

Social Achievements

  • Maintained gender balance ratio for Board and ELT above 40% target
  • Became a signatory to 40:40 Vision, an investor-led gender initiative
  • Introduced a leadership capability framework and global learning platform
  • Over 1000 BlueScope leaders globally participated in expert-led HSE leadership workshops
  • Over 400 HSE risk control improvement projects completed globally
  • Launched Our Purpose and updated Code of Conduct, How We Work

Governance Achievements

  • Established a 2050 net zero GHG emissions goal
  • Appointed a Chief Executive Climate Change
  • Revised Capital Allocation Framework to better integrate climate-related considerations
  • Published first Climate Action Report
  • All members of the ELT have a component of their short-term incentive (STI) linked to specific sustainability measures

Climate Goals & Targets

Long-term Goals:
  • Net zero GHG emissions across operations by 2050
Medium-term Goals:
  • GHG emission intensity reduction by 12% by 2030 for steelmaking
  • GHG emission intensity reduction by 30% by 2030 for non-steelmaking activities
Short-term Goals:
  • Complete 280 supplier assessments over FY2022 and FY2023
  • Conduct third-party onsite assessments for 15% of Priority suppliers

Environmental Challenges

  • COVID-19 pandemic impacts
  • Achieving 2050 net zero goal dependent on several enablers (commerciality of emerging technologies, renewable energy availability, raw material availability, and policy settings)
  • Supply chain disruptions
  • Water scarcity or variability in supply
  • Climate change impacts on water availability and quality
Mitigation Strategies
  • Maintaining COVID-safe workplaces and supporting teams
  • Implementing HSE Evolution program
  • Revised Capital Allocation Framework to prioritize climate-related considerations
  • Developing future water strategy in line with ResponsibleSteel™ Standard
  • Investing up to $150M over five years in climate projects and initiatives
  • Increased use of recycled water
  • Improved water monitoring, reduced use and improved discharge quality

Supply Chain Management

Supplier Audits: 230 Priority supplier assessments completed in FY2021 (exceeding target of 220)

Responsible Procurement
  • Supplier Code of Conduct
  • Supplier Assessment Framework
  • EcoVadis assessment model

Climate-Related Risks & Opportunities

Physical Risks
  • Riverine flooding
  • Coastal inundation
  • Soil movement due to drought and subsidence
Transition Risks
  • Regulatory changes
  • Market shifts
  • Carbon pricing
Opportunities
  • Development of energy-efficient products
  • Transition to low-emission steelmaking technologies

Reporting Standards

Frameworks Used: GRI Standards (Core level), TCFD, SASB Industry Standard for Iron and Steel Producers, UN Sustainable Development Goals

Certifications: ISO 14001 (many facilities), ResponsibleSteel™ (seeking certification)

UN Sustainable Development Goals

  • SDG 7 (Affordable and clean energy)
  • SDG 9 (Industry, innovation and infrastructure)
  • SDG 11 (Sustainable cities and communities)
  • SDG 12 (Responsible consumption and production)
  • SDG 13 (Climate action)
  • SDG 17 (Partnerships for the goals)

BlueScope's Sustainability Outcomes are aligned to relevant SDGs

Sustainable Products & Innovation

  • Cool roof solutions
  • Advanced coating technologies
  • High strength steel grades
  • Resilient bar and coil products
  • Roofing and wall cladding for better ventilation
  • Efficient flooring
  • Light gauge steel framing
  • Components for renewable energy
  • Weathering steel products

Awards & Recognition

  • BlueScope’s 2020 Best Solution to a Health and Safety Risk Award
  • BlueScope’s FY2021 Environment Improvement Award
  • BlueScope’s Health and Safety Supply Chain Partnership Excellence Award
  • BlueScope’s FY2021 Community Engagement Award

Reporting Period: 2021-07 to 2022-06

Environmental Metrics

Total Carbon Emissions:8770 ktCO2e/year
Scope 1 Emissions:1660 ktCO2e/year
Scope 2 Emissions:1740 ktCO2e/year
Scope 3 Emissions:5370 ktCO2e/year
Water Consumption:7100 ML/year

ESG Focus Areas

  • Sustainable growth and transformation
  • Safe, healthy and inclusive workplaces
  • Climate action
  • Responsible products and supply chains
  • Strong communities
  • Governance

Environmental Achievements

  • Port Kembla Steelworks and associated sites granted ResponsibleSteel™ certification – the first steelmaker in Asia Pacific to be certified and the fourth globally.
  • 3.6 per cent reduction in steelmaking GHG emissions intensity, and 3.7 per cent reduction in non-steelmaking GHG emissions intensity since FY2018.
  • Established BlueScope Recycling and Materials ferrous recycling business
  • Diverted more than 48,000 tonnes of material away from landfill or treatment, via internal and external reuse and recycling.
  • 97 per cent materials efficiency achieved across our three steelmaking facilities.
  • 39 per cent of our total water consumption from recycled sources in FY2022
  • Fresh water intensity of steelmaking activities decreased from 2.03 kL to 1.27 kL per tonne of raw steel since FY2018.

Social Achievements

  • HSE Evolution program named a joint winner of worldsteel’s Safety and Health Excellence Recognition in Leadership and Culture for 2021.
  • Launched global learning platform, with pilot capability frameworks for specific technical areas.
  • Increased overall percentage of women in the workforce to 24 per cent and maintained gender balance ratio for Board and ELT in line with 40:40 Vision.
  • Completed a series of Modern Slavery Roundtable discussions for all BlueScope senior leaders, and conducted business unit workshops on specific country risk areas (~200 employees participated in these sessions).

Governance Achievements

  • Became a signatory to the United Nations Global Compact (UNGC).
  • Updated Human Rights Policy to enshrine further protections for our people and those we work with.
  • Introduced People and Payroll Governance Framework which strengthens first- and second-line accountability for working hours, wages and benefits, and culture.

Climate Goals & Targets

Long-term Goals:
  • Net zero GHG emissions across operations by 2050
Medium-term Goals:
  • 12% GHG emission intensity reduction by 2030 for steelmaking activities
  • 30% GHG emission intensity reduction by 2030 for non-steelmaking activities
Short-term Goals:
  • Complete 250 prioritised supplier assessments by the end of FY2023.

Environmental Challenges

  • Decarbonising the steel industry challenged by global scrap availability and the need for breakthrough technologies.
  • Supply chain disruptions due to COVID-19 pandemic and severe weather conditions.
  • Achieving net zero challenged by global scrap availability
  • Regional differences in scrap availability
  • Availability of prime quality scrap
Mitigation Strategies
  • Investigating a range of initiatives to ensure that Port Kembla Steelworks can deliver strong returns to the business, and the local community, for the next 100 years.
  • Adopting technologies to use more scrap feed at steelmaking sites, and establishing BlueScope Recycling and Materials.
  • Exploring emerging and breakthrough technologies with key value chain, government and academic partners.
  • Installing and commissioning a renewable hydrogen electrolyser to explore and test green hydrogen in blast furnace operations at Port Kembla Steelworks.
  • Exploring the establishment of a hydrogen hub in the Illawarra region.
  • Expanding production capacity at North Star operation, supported by establishing BlueScope Recycling and Materials.
  • Implementing our iron and steelmaking decarbonisation pathway to achieve our medium-term GHG targets and long-term goal.
  • Actively working with suppliers on reuse and efficiency opportunities, and input materials with reduced impact.
  • Optimising use of co-products and waste in operations and as valued inputs to other sectors, displacing material consumption.

Supply Chain Management

Supplier Audits: 139/year

Responsible Procurement
  • Responsible Sourcing Framework, Responsible Sourcing Standard, Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather conditions
Transition Risks
  • Commerciality of emerging and breakthrough technologies
  • Availability of affordable and reliable renewable energy and hydrogen
  • Availability of quality raw materials
  • Appropriate policy settings
Opportunities
  • Development of energy-efficient products
  • Role of steel in renewable energy projects

Reporting Standards

Frameworks Used: GRI Standards, TCFD, SASB Industry Standard for Iron and Steel Producers, UN SDGs

Certifications: ISO 14001, ResponsibleSteel™

UN Sustainable Development Goals

  • SDG 9: Industry, innovation and infrastructure
  • SDG 17: Partnerships for the goals
  • SDG 16: Peace, justice and strong institutions

BlueScope’s Purpose directly supports SDG 9; performance against SDGs complements SDG 17 and SDG 16.

Sustainable Products & Innovation

  • TRUECORE® steel
  • Activate® technology
  • COLORBOND® steel
  • ZINCALUME® steel
  • LYSAGHT® building products
  • BUTLER® building solutions
  • VARCO PRUDEN® building solutions
  • ENERWALL® System
  • COLORSTEEL DRIDEX®
  • SEISMIC® reinforcing
  • REDCOR® steel
  • XLERPLATE® steel

Awards & Recognition

  • worldsteel Sustainability Champion for 2022
  • worldsteel Safety and Health Excellence Recognition in Leadership and Culture for 2021
  • BlueScope’s 2021 Health & Safety Excellence Award for Health, Wellbeing and Community Excellence (Coated Steel China Suzhou)
  • BlueScope’s 2021 Health and Safety Excellence awards for Health and Safety Innovation of the Year (BlueScope Building Components, Western Australia)
  • Supply Chain Partnership Excellence Award (NS BlueScope Thailand)
  • 'Best industrial energy management project 2022' at the Australian National Energy Efficiency Awards (Western Sydney Service Centre)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:15,300 tCO2-e/year (operational)
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

  • Climate Change
  • Social
  • Economic

Environmental Achievements

  • Reduced potential for dust emissions and material spillage during unloading activities through modernised ship unloading equipment

Social Achievements

  • Continued operation of PKSW supporting approximately 4,500 direct and indirect jobs and approximately 10,000 jobs in total in the region and across NSW

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Depletion of 3-seam coal supply from Dendrobium Coal Mine by 2028, requiring import of supplemental coal from Queensland
  • Need for increased scrap usage to mitigate GHG emissions
  • Existing berths at PKSW cannot accommodate increased capacity
Mitigation Strategies
  • Upgrade of raw materials berths 111, 112, and 113 (CLIP)
  • Construction of a new continuous ship unloader (CSU)
  • Relocation of existing ship unloaders and construction of new conveying infrastructure

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Increased scrap usage to reduce GHG emissions

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022-11-18 to 2022-12-16

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced air emissions from current operations through the use of a continuous ship unloader and enclosed conveyors
  • Dust controls implemented for coal stockpiles (water sprays)

Social Achievements

  • Retention of approximately 4,500 jobs at PKSW and support of approximately 10,000 jobs in total

Governance Achievements

  • Ongoing consultation with relevant government agencies and stakeholders

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Potential for noise and vibration during construction
  • Potential for dust generation during construction
  • Potential impacts on traffic and transport during construction
  • Potential impacts on water quality during construction
  • Potential impacts on air quality during construction
Mitigation Strategies
  • Implementation of a Construction Noise and Vibration Management Plan
  • Implementation of a dust management plan
  • Implementation of a Construction Traffic Management Plan
  • Implementation of a Soil and Water Management Plan
  • Regular monitoring and reporting of environmental parameters

Supply Chain Management

Responsible Procurement
  • Maximising local content
  • Implementation of BlueScope’s First Nations Strategy for indigenous employment

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used:

Certifications: ISO 14001:2015

UN Sustainable Development Goals

  • Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:10,250 ktCO2-e
Scope 1 Emissions:8,500 ktCO2-e
Scope 2 Emissions:1,750 ktCO2-e
Scope 3 Emissions:12,310 ktCO2-e
Water Consumption:18,130 ML
Carbon Intensity:1.443 tCO2-e per tonne raw steel (steelmaking); 0.175 tCO2-e per despatched tonne of steel (non-steelmaking)

ESG Focus Areas

  • Sustainable and enduring business
  • Safe and inclusive workplaces
  • Climate action and environment
  • Responsible products and supply chains
  • Strong communities

Environmental Achievements

  • Reduced GHG emissions (Scope 1 and 2) by 4% compared to FY2018
  • 12% reduction in GHG emissions intensity for steelmaking activities against FY2018 baseline
  • 8.4% reduction in GHG emissions intensity for non-steelmaking activities against FY2018 baseline
  • 50% of ferrous input for BlueScope overall was comprised of recovered or recycled scrap steel
  • Total fresh and recycled water consumption decreased by 5% relative to FY2018
  • Steel manufacturing fresh water intensity has reduced by 37% relative to FY2018

Social Achievements

  • 25% female representation in the BlueScope workforce
  • 271 HSE risk control improvement projects completed in FY2024
  • 269 supplier assessments completed in FY2024

Governance Achievements

  • 50% female representation on the Board and ELT in line with 40:40:20 target
  • Updated Supplier Code of Conduct launched

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Medium-term Goals:
  • 30% reduction of emissions intensity by 2030 across non-steelmaking activities
  • 12% reduction of GHG emissions intensity by 2030 across steelmaking activities

Environmental Challenges

  • Lagging injury metric TRIFR remained above the long-term historical range of 5-7
  • Increased net energy consumption due to the ramp-up of the North Star expansion
  • Increased total fresh and recycled water consumption relative to FY2023 due to reduced annual rainfall and increased production
  • Number of environmental non-compliances (40) although all were low severity
Mitigation Strategies
  • Instigated a global “Refocus on Safety” program
  • Optimizing current operating assets to allow increased scrap consumption
  • Implementing a range of projects to reduce emissions
  • Continued focus on reducing impact on local air quality with strict monitoring processes

Supply Chain Management

Supplier Audits: 269 in FY2024

Responsible Procurement
  • Supplier Code of Conduct
  • Supplier ESG assessment

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (2021), SASB Industry Standard for Iron and Steel Producers, UN Sustainable Development Goals, TCFD

Certifications: ResponsibleSteel™

Third-party Assurance: PricewaterhouseCoopers

UN Sustainable Development Goals

  • SDG 8.8.1
  • SDG 12.5.1
  • SDG 13.2.2
  • SDG 7.3.1
  • SDG 11.6.2
  • SDG 6.4.2
  • SDG 5.5.2

Various initiatives throughout the report contribute to these goals.

Awards & Recognition

  • Inclusive Workplace Award (New Zealand Steel)
  • Inclusive Employer (Australian Steel Products)

Reporting Period: FY2023

Environmental Metrics

Total Carbon Emissions:8,400 ktCO2-e (Scope 1 & 2)
Scope 3 Emissions:11,860 ktCO2-e
Water Consumption:Total water consumed (recycled and fresh water) has reduced by 2660 ML, a 14 per cent reduction since FY2018
Waste Generated:More than 12,000 tonnes of material diverted from landfill
Carbon Intensity:Steelmaking: 1.449 tCO2-e per tonne raw steel; Non-steelmaking: 0.175 tCO2-e per tonne despatched steel

ESG Focus Areas

  • Sustainable growth and transformation
  • Safe, healthy and inclusive workplaces
  • Climate action
  • Responsible products and supply chains
  • Strong communities

Environmental Achievements

  • Reduced steelmaking greenhouse gas emissions intensity by 8.0% since FY2018
  • Western Port site achieved ResponsibleSteel™ site certification in September 2023
  • Reduced waste-to-landfill impact by 11% annually at BlueScope Recycling and Materials Mansfield site
  • Reduced water consumption at Rancho Cucamonga metal coating line by approximately 23%
  • Recycled around 40,000 cubic meters of water annually at Suzhou, China

Social Achievements

  • Launched Health and Wellbeing framework in February 2023
  • Female representation on the Executive Leadership Team grew to 55%
  • New Zealand Steel engaged with local iwi to understand cultural values and incorporate iwi feedback on ecological improvements
  • Completed a comprehensive review of potential modern slavery issues across all sites
  • Tata BlueScope Steel launched a professional certification program for structural riggers and roofers

Governance Achievements

  • Launched our new Responsible Sourcing Policy
  • Refreshed Supplier Code of Conduct
  • Completed 229 supplier assessments
  • 25% of ELT Short Term Incentive (STI) allocated to ESG topics

Climate Goals & Targets

Long-term Goals:
  • Net zero GHG emissions across operations by 2050
Short-term Goals:
  • 12% GHG emission intensity reduction by 2030 for steelmaking activities
  • 30% GHG emission intensity reduction by 2030 for non-steelmaking activities

Environmental Challenges

  • Insufficient scrap steel supply in Australia to meet production needs
  • Complex challenge of decarbonising ironmaking in Australia
  • Modern slavery issues affecting some contract workers in Malaysia
Mitigation Strategies
  • Accelerating initiatives in lower emissions ironmaking pathways, including working with Rio Tinto to explore a Direct Reduced Iron (DRI) process
  • Undertaking a broader options study to explore the longer-term decarbonisation of ironmaking in Australia
  • Ongoing remediation process in Malaysia, including reimbursing recruitment fees and addressing supplier breaches

Supply Chain Management

Supplier Audits: 229 supplier assessments completed; 12 on-site audits undertaken

Responsible Procurement
  • Responsible Sourcing Policy; Supplier Code of Conduct; ESG assessments

Climate-Related Risks & Opportunities

Transition Risks
  • Government climate policies
Opportunities
  • Providing steel for renewable energy infrastructure; development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards, TCFD, SASB Industry Standard for Iron and Steel Producers, UN SDGs

Certifications: ISO 14001

Sustainable Products & Innovation

  • COLORBOND® steel cool roofing; TRUECORE® steel; Lysaght® Green Roof Solution

Awards & Recognition

  • BlueScope was nominated as one of three finalists for WorldGBC’s Asia Pacific 'Business Leadership in Sustainability Award'
  • Australian Steel Institute's 2022 Steel Excellence Award
  • New Zealand Steel won the Inclusive Workplace Award at Diversity Awards NZ