Steel Partners Holdings L.P.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
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
- Diversity, Equity and Inclusion
- Employee Well-being
- Environmental Health and Safety
Environmental Achievements
- Not disclosed
Social Achievements
- Launched Steel Grow Program, promoting over 400 employees in 2022 (15% increase over 2021)
- Continued conducting Diversity, Equity and Inclusion survey and oversaw a global rollout; launched a Diversity, Equity and Inclusion Council
- Established Steel Wellness Council focusing on employee well-being
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Economic downturns
- Inflation, raw material price increases, and supply chain disruptions
- Volatility in crude oil prices and demand
- Rising interest rates
- Compliance with environmental, health, and safety laws and regulations
- Climate change legislation and regulations
- Banking and other regulations
- Acquisitions risks (management diversion, increased costs)
- Divestitures and contingent liabilities
- Investment portfolio losses
- Intellectual property protection
- Global trade issues
- Cybersecurity risks
- Data protection laws
- Labor disputes and unionization
- WebBank's lender status challenges
- WebBank's capital requirements
- WebBank's Marketing Partner relationships
- WebBank's PPP loan risks
- Lack of long-term contracts with customers
- Internal control over financial reporting
- COVID-19 pandemic impacts
- Conflict in Ukraine
Mitigation Strategies
- Cost reduction, sale of non-core assets, debt reduction, unit repurchases
- Commodity futures and forward contracts to mitigate price fluctuations
- Multiple sources of supply for raw materials
- Steel Business System for operational efficiencies
- Centralized administrative services through Steel Services
- Remediation plan to address material weaknesses in internal control
- Safety protocols for essential workers
- Ongoing monitoring of and response to risks
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Not disclosed
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