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IIGCC Steel Purchaser Framework 2023

IIGCC Steel Purchaser Framework 2023

This resource aims to help investors engage with steel purchasers to encourage them to pursue low emissions steel procurement, sending demand signals to steel producers. It enables benchmarking of targets against a 1.5°C pathway.

Written in consultation with investors, steel purchasers and steel producing companies, the framework outlines a series of questions investors can ask steel purchasers on their net zero strategies.

These include current steel usage, purchasing mix and emissions intensity, future targets, and potential barriers to low emissions steel. It also suggests that steel purchasers set public targets for reducing emissions intensity with a sliding scale approach, increasing ambition over time.

Access the Steel Purchaser Framework below and please contact us if you would like an editable version.