BlueScope Publishes FY2024 Sustainability Reporting Suite
BlueScope has published an updated sustainability reporting suite, which includes the FY2024 Sustainability Report and Modern Slavery Statement, as well as a second Climate Action Report. These reports reflect the consistent progress we have made towards achieving our climate and sustainability goals.
Download: The latest BlueScope sustainability reporting suite
Below is a snapshot of some of the key projects we have initiated, including within our Australian operations:
FY2024 global emissions performance snapshot
- BlueScope is committed to achieving our group-wide steelmaking target of reducing greenhouse gas (GHG) emissions intensity by 12 per cent by 2030, as well as our 2050 net zero goal1.
- In FY2024 we achieved a 12.0 per cent reduction in global steelmaking GHG emissions and an 8.4 per cent reduction in global non-steelmaking GHG emissions intensity compared with our FY2018 baseline year.
Port Kembla Steelworks decarbonisation pathway
- We have published individual decarbonisation pathways for each of our three steelmaking operations, including Port Kembla Steelworks.
- Port Kembla Steelworks has been placed in the ‘top 15% Blast Furnace-Basic Oxygen Furnace performers’ (BF-BOF) for the emissions intensity of BF-based operations2. Since FY2013, Port Kembla Steelworks' emissions intensity has declined by 16 per cent to 2.07tCO2/tonne raw steel, which is well below the global BF-BOF average of 2.22tCO2/tonne raw steel3.
- We have launched an Australian Options Study (Project IronFlame), a comprehensive analysis of Direct Reduced Iron (DRI) options to decarbonise operations at Port Kembla Steelworks.
- We are collaborating with Rio Tinto and BHP on Project NeoSmelt to jointly investigate the development of Australia’s first DRI-Electric Smelter Furnace (DRI-ESF) pilot plant.
Indicative decarbonisation pathway for our midstream sites (coating and painting operations)
- We have published the pathway for our global midstream sites to meet our decarbonisation ambitions, including the non-steelmaking target of reducing GHG emission intensity by 30 per cent by 2030, based on a FY2018 baseline, and our 2050 net zero goal1.
- Key decarbonisation projects at our midstream sites include upgrading one of two paint ovens at our Western Port site, which has the potential to reduce the site’s Scope 1 emissions by 17,000tCO2e.
Responsible products and supply chain
- We have increased the number of Environmental Product Declarations (EPDs) and ecolabels across our Australian product range. For more information on our product credentials, please visit our Sustainability - Certifications and Credentials page.
- Port Kembla Steelworks and our Western Port site are ResponsibleSteel™ certified sites. These certifications solidify our position as a leader in sustainability within the steel sector, internationally.
- Many of our products, such as TRUECORE® steel, continue to support circular design strategies, including designing for disassembly and longevity. Key products like XLERPLATE® steel are also supporting Australia’s renewable energy transition, through its use in wind tower applications.
Further information
For further information, please visit our corporate website: bluescope.com/sustainability/reports or contact BlueScope Steel Direct.
Notes
1. We acknowledge that achieving this goal is highly dependent on several enablers, including the development and diffusion of ironmaking technologies to viable and commercial scale; access to appropriate quality and sufficient quantities of economic raw materials; access to internationally cost-competitive, firmed large-scale renewable energy; availability of competitively priced green hydrogen, with natural gas enabling the transition to green hydrogen; and supportive and consistent policy policies across all of these enablers to underpin decarbonisation.
2. worldsteel CO2 Data Report 2023 (2022 data year) has the Port Kembla Steelworks site in the lowest 15th percentile for emission intensity of BF-BOF steel plants. Note that this data is limited to those iron and steelmakers who voluntarily report on emissions data with worldsteel (56 BF-BOF sites in 2022 representing 17 per cent of global BOF steel production and 53 per cent of global BOF steel production excluding China. No Chinese steel plants report CO2 data to worldsteel).
3. Based on steelmakers who reported to worldsteel in 2023 (with 2022 data) where co-product production is applied to the BF-BOF routes considered.
1. We acknowledge that achieving this goal is highly dependent on several enablers, including the development and diffusion of ironmaking technologies to viable and commercial scale; access to appropriate quality and sufficient quantities of economic raw materials; access to internationally cost-competitive, firmed large-scale renewable energy; availability of competitively priced green hydrogen, with natural gas enabling the transition to green hydrogen; and supportive and consistent policy policies across all of these enablers to underpin decarbonisation.
2. worldsteel CO2 Data Report 2023 (2022 data year) has the Port Kembla Steelworks site in the lowest 15th percentile for emission intensity of BF-BOF steel plants. Note that this data is limited to those iron and steelmakers who voluntarily report on emissions data with worldsteel (56 BF-BOF sites in 2022 representing 17 per cent of global BOF steel production and 53 per cent of global BOF steel production excluding China. No Chinese steel plants report CO2 data to worldsteel).
3. Based on steelmakers who reported to worldsteel in 2023 (with 2022 data) where co-product production is applied to the BF-BOF routes considered.