Cleveland-Cliffs Issues Its Comprehensive Sustainability Report for 2020
July 16 2021 - 7:00AM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today the
release of its full Sustainability Report 2020. In response to
feedback from many of its stakeholders, Cleveland-Cliffs developed
its Sustainability Report 2020 with reference to the widely-used
Global Reporting Initiative’s (GRI) comprehensive sustainability
reporting framework and Sustainability Accounting Standards Board
(SASB) standards. The GRI framework encourages greater transparency
from organizations through standardized principles and indicators
for tracking and reporting on environmental, social and governance
(ESG) performance.
Lourenco Goncalves, Cleveland-Cliffs’ Chairman, President and
Chief Executive Officer said, “Throughout our history,
Cleveland-Cliffs has taken pride that we operate in a responsible,
sustainable manner. We mine iron ore where our employees live, and
we produce steel in close proximity to big cities. Among all
things, our ability to attract new employees and even our license
to continue to exist are fully correlated to our success in being a
good neighbor within our local communities.” Mr. Goncalves added,
“As we transformed our business in 2020, we developed an
integrated, sustainable business model which we believe is the real
benchmark in steel production, for the United States and for the
rest of the world. That includes natural gas based Direct
Reduction; sinter-free blast furnaces using pre-reduced iron as
feedstock, along with customized pellets; and, last but not least,
Electric Arc Furnaces free from the vast amounts of dirty pig iron
originating from highly polluting countries, so common in other EAF
operations in the United States.” Mr. Goncalves concluded, “As the
largest flat-rolled steel company in North America, we are integral
to rebuilding a manufacturing economy in our country that provides
good-paying, sustainable jobs for more than 25,000 people, among
them nearly 20,000 union jobs. On behalf of the men and women that
make Cleveland-Cliffs a great success story, we re-affirm our
commitment to sustainability and responsible stewardship, for today
and for future generations.”
This report provides the Company’s progress and sustainability
metrics from its operating facilities consolidated into a single
ESG data table for investors and other stakeholders. The
publication of this report marks the Company’s commitment to
continued reporting and progress in pursuit of Cleveland-Cliffs’
ESG goals.
The following sustainability accomplishments and commitments are
highlighted from the 2020 report:
- Commitment to reduce greenhouse gas (GHG) emissions 25% by 2030
from 2017 levels
- Completion of its first natural-gas based, low-carbon Direct
Reduction Plant for high-quality hot briquetted iron (HBI)
production
- Advancement of innovative specialty steels with automotive
customers
- Efforts to promote energy efficiency, carbon capture and GHG
emission reduction
- Supporting middle-class jobs with best-in-class pay; the
highest in the industry
- Commitment to local communities with $6.5 million donated
through Cleveland-Cliffs Foundation and Company giving, $1 million
to address food insecurity and 10 million meals provided
Cleveland-Cliffs’ online report is accessible in the
“Sustainability” section of the Company’s corporate website,
www.clevelandcliffs.com. A printable PDF version of the summary
report is also available.
About Cleveland-Cliffs Inc. Cleveland-Cliffs is the
largest flat-rolled steel producer in North America. Founded in
1847 as a mine operator, Cliffs also is the largest manufacturer of
iron ore pellets in North America. The Company is vertically
integrated from mined raw materials and direct reduced iron to
primary steelmaking and downstream finishing, stamping, tooling,
and tubing. The Company serves a diverse range of markets due to
its comprehensive offering of flat-rolled steel products and is the
largest supplier of steel to the automotive industry in North
America. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs
approximately 25,000 people across its mining, steel and downstream
manufacturing operations in the United States and Canada. For more
information, visit www.clevelandcliffs.com.
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