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

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…

Read More

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

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…

Read More