The report is on companies' low-carbon transition readiness updates and expands CDP’s research and League Table for steel companies, first published in October 2016. It ranks 20 of the largest and highest-impact publicly listed steel companies on business readiness for a low-carbon transition. The companies in aggregate represent 30% of global steel production.
The key findings of the Report are as follows:
- On average, 14% of steel companies’ value is at risk from rising carbon prices
- Steel sector expected to reduce emissions by less than 50% by 2050, compared to the 65% reduction needed
- The sector is responsible for up to 9% of global greenhouse gas emissions from fossil fuel use and industry
Read the Executive Summary of the Report here.
For more information click here.