Energy Efficiency, GHG Emissions, Industrial - January 17, 2025
Nucor's Targets Certified by Global Steel Climate Council
Nucor Corporation announced that the Global Steel Climate Council (GSCC) certified the company's science-based emissions targets (SBET).
The SBET submitted by Nucor, a founding member company of the GSCC, sets a goal that includes Scopes 1, 2 and 3 emissions. In the submission for GSCC certification, which was independently verified by SCS Global Services, Nucor uses a 2023 base year to set an interim SBET of 0.975 metric tons of CO2e per metric ton of hot-rolled steel produced by 2030.
Nucor previously set a net-zero by 2050 target that entails achieving 0.116 metric tons of CO2e per metric ton of hot-rolled steel produced. The company is the first diversified steelmaker in the U.S. to set GHG emission reduction targets that include Scopes 1, 2 and 3. These targets were set in compliance with the GSCC Steel Climate Standard, and Nucor's long-term target exceeds the Standard's 2050 objective.
The company's circular production process uses an average of nearly 80% recycled scrap and has one-third the GHG intensity of the average traditional extractive steelmaking process using a blast furnace.
Nucor will achieve its goals by increasing the use of clean electricity, carbon capture and sequestration, and near-zero GHG iron making. Nucor will also utilize technologies to reduce its consumption of injection and charge carbon and reduce the use of natural gas in its production processes.
"These targets and the certification provided by our partners at GSCC further demonstrates Nucor's leadership in providing American made low embodied carbon steel while also giving customers, investors, and policymakers confidence in our roadmap and strategy for achieving our carbon reduction goals," said Greg Murphy, Nucor's Executive Vice President of Business Services, Sustainability and General Counsel, in a statement.
The GSCC Steel Climate Standard was adopted in August 2023 as a global standard to measure and report steel carbon emissions and also provides a framework for members to seek third-party verified certification of the emissions intensity of facility-specific products and to self-audit these emissions yearly to demonstrate continuous decarbonization progress.
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