Tag: steel

Ingka Group (IKEA) and H2 Green Steel sign agreement for the supply of Green Steel across its warehouse operations

Stuart Mitchell

Ingka Group, the largest IKEA retailer, announces it has signed an agreement with H2 Green Steel for the delivery of Green Steel, to be used in IKEA warehouse racking. The agreement forms part of Ingka Group’s ongoing action to reduce its climate footprint and will account for 50% of warehouse racking purchased globally. “The innovation of companies like H2 Green Steel holds great potential for a positive business and climate impact. We are delighted to announce this agreement, as we also want to inspire other businesses to follow. Significant steel…

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BMW Group plans to source steel produced with green power and hydrogen from northern Sweden

Stuart Mitchell

The BMW Group continues to push forward with climate protection and is systematically pursuing its goal of significantly reducing CO2 emissions at their source in the supply chain. From 2025 on, the company plans to source steel produced with up to 95% less CO2 emissions and without requiring fossil resources such as coal. The BMW Group has now reached an agreement to this effect with the Swedish startup H2 Green Steel, which uses hydrogen and only green power from renewable energies for steel production. Owing to its particularly energy-intensive manufacturing…

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Investors expect steel sector to secure its future with action on climate change

Stuart Mitchell

A global network of more than 250 institutional investors, representing assets worth over $30 trillion1, has set out expectations of the actions the steel sector needs to take to safeguard its future in the face of climate change. The report published today suggests that steel companies must significantly scale up investment in technologies that will enable them to decarbonise operations in line with the goals of the Paris Agreement.  Produced by the Institutional Investors Group on Climate Change (IIGCC), the report – Investor Expectations of Steel Companies – is written…

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