Inaugural steel industry certification standard, ResponsibleSteel™, on track for market launch before year-end
June 24 2019 - 5:02AM
Inaugural steel industry certification standard, ResponsibleSteel™,
on track for market launch before year-end
24 June 2019 – Following a two-day members’
meeting last week, hosted by ArcelorMittal at the ArcelorMittal
Orbit at the Olympic Park in Stratford, East London, version four
of the new draft ResponsibleSteel™ certification standard has been
reviewed by members with formal market launch of the standard now
expected towards the end of the year.
ResponsibleSteel™ is the steel industry’s first,
multi-stakeholder certification initiative that aims to set a
single, global standard for the entire ‘mine-to-metal’ steel value
chain. The multi-stakeholder initiative, of which ArcelorMittal was
a founding member and has played a leading role in developing, was
first established in 2015. Efforts to accelerate the creation of
the standard, including extensive public consultation periods, have
increased over the past 12 months, leading to yesterday’s approval
of draft version four. The standard will enable steel producers to
prove their production processes and products meet rigorously
defined standards across a broad range of social, environmental and
ethical criteria. It will also serve to improve responsible
sourcing of raw materials used in steelmaking and reduce
supply-chain risk.
Commenting at the event, Alan Knight, head of
sustainable development at ArcelorMittal and co-chair of
ResponsibleSteel™ said:
“I am encouraged both by the progress we have made in developing
the ResponsibleSteel™ standard and the broad-based interest in the
scheme. For a scheme like this to truly gain market acceptance we
need involvement, collaboration and input from multiple stakeholder
groups. Steel industry participants clearly have an important role
to play in its development, but an accreditation scheme created
solely by the steel industry and for the steel industry would lack
credibility. The multi-stakeholder aspect is critical, so the
support and membership sign up we have received from mining majors,
financial institutions, steel consuming customers and NGOs brings
that credibility. It has also been integral in ensuring the
development of the standard is sufficiently stringent – we received
over 600 responses to the public consultation carried out on
version three of the standard. With this input carried into version
four, I am confident the scheme will be market ready later this
year and will achieve its objective of providing the reassurance
steel customers and industry stakeholders need on industry
sustainability standards.”
ResponsibleSteel™ currently has 19 full members and 18 associate
members including steel producers (Aperam, ArcelorMittal, BlueScope
Steel, VAMA and voestalpine), financial institutions (HSBC),
automotive majors (BMW and Daimler), NGOs (International Union for
Conservation of Nature, Fauna and Flora International, CDP and
others) and associated industry bodies (IndustriALL, International
Tin Association and International Zinc Association).
ArcelorMittal has undertaken readiness assessment against
version three of the standard across nearly all its European flat
products production sites, and at sites in the US and Brazil, with
positive results. It is currently working on a site assessment and
verification plan, starting in Europe, in anticipation of the
market launch of the standard later this year.
Ends
About ArcelorMittal
ArcelorMittal is the world's leading steel and
mining company, with a presence in 60 countries and an industrial
footprint in 19 countries. Guided by a philosophy to produce safe,
sustainable steel, we are the leading supplier of quality steel in
the major global steel markets including automotive, construction,
household appliances and packaging, with world-class research and
development and outstanding distribution networks.
Through our core values of sustainability,
quality and leadership, we operate responsibly with respect to the
health, safety and wellbeing of our employees, contractors and the
communities in which we operate.
For us, steel is the fabric of life, as it is at
the heart of the modern world from railways to cars and washing
machines. We are actively researching and producing steel-based
technologies and solutions that make many of the products and
components people use in their everyday lives more energy
efficient.
We are one of the world’s five largest producers
of iron ore and metallurgical coal. With a geographically
diversified portfolio of iron ore and coal assets, we are
strategically positioned to serve our network of steel plants and
the external global market. While our steel operations are
important customers, our supply to the external market is
increasing as we grow.
In 2018, ArcelorMittal had revenues of $76.0
billion and crude steel production of 92.5 million metric tonnes,
while own iron ore production reached 58.5 million metric
tonnes.
ArcelorMittal is listed on the stock exchanges
of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and
on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS). For more information about ArcelorMittal please
visit: http://corporate.arcelormittal.com/
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