Cleveland-Cliffs Inc. Issues Its Sustainability Report for 2022
April 03 2023 - 7:00AM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today the release of
its Sustainability Report 2022. The Company is pleased to share its
continued progress on environmental, social and governance (ESG)
performance for 2022, including the progress made toward its 2030
greenhouse gas (GHG) emissions reduction goal.
The Sustainability Report 2022 was developed with reference to
the Global Reporting Initiative Standards and the Sustainability
Accounting Standards Board Standards, and highlights how the
Company’s business activities contribute to the advancement of the
United Nations’ Sustainable Development Goals. Besides a
comprehensive Performance Data Table to consolidate all
sustainability metrics, the Sustainability Report also includes a
Limited Assurance Report issued by Deloitte & Touche LLP over
our Statement of GHG Emissions which discloses consolidated Scope 1
and 2 GHG emissions data for 2022.
Lourenco Goncalves, Cleveland-Cliffs’ Chairman, President and
Chief Executive Officer said, “Throughout our long history, the key
to our sustainable growth at Cleveland-Cliffs has been our ability
to adapt and reinvent ourselves several times – from iron ore
mining, almost two centuries ago; to pelletizing after World War
II; to direct reduction five years ago; to the production of
significant tonnages of highly specified stainless, automotive
grade, and electrical steels, as of today. The Sustainability
Report 2022 describes the progress made last year toward the
achievement of our ESG goals and many of our sustainability
initiatives, including our commitment to reducing GHG emissions 25
percent by 2030 from 2017 levels. We also provide updates on our
many partnerships and collaborations with our neighboring
communities, stakeholders and like-minded organizations. These
actions underscore our deep commitment to building a stronger and
more resilient Cleveland-Cliffs for the present, and for the future
generations.”
Cleveland-Cliffs is proud to uphold its commitment to
sustainability and is pleased to share the following highlights
from the 2022 report:
- Cleveland-Cliffs’ Scope 1 and 2 GHG emissions in 2022 were
below our reduction goal of 25% lower—well in advance of the 2030
target year for such reduction. This was achieved through strategic
actions such as optimizing its asset footprint and raw material
mix—particularly the use of hot briquetted iron (HBI) in its blast
furnaces—along with production levels of crude steel. Additionally,
the Company’s overall emissions intensity per ton of crude steel
decreased;
- Negotiated and implemented new 4-year labor contracts with the
United Steelworkers union, covering approximately 14,000
employees;
- Entered into partnership with the U.S. Department of Energy and
other relevant organizations in the pursuit of industrial
decarbonization through technologies such as carbon capture and
hydrogen use;
- Improved scoring and transparency on sustainability ratings
platforms such as EcoVadis and CDP;
- Enhanced water and waste optimization systems for increased
recycling and reuse;
- Continued engagement with local communities, including through
open houses and family days, that enabled interaction with
thousands of neighbors in the communities where it operates;
and
- Donated $7.4 million to local communities through The
Cleveland-Cliffs Foundation, strategic partnerships, site-specific
programs and events and employee matching gifts.
Cleveland-Cliffs’ Sustainability Report 2022 is accessible
online in the “Sustainability” section of the Company’s corporate
website, www.clevelandcliffs.com, where a printable PDF version of
the 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, direct
reduced iron, and ferrous scrap to primary steelmaking and
downstream finishing, stamping, tooling, and tubing.
Cleveland-Cliffs is the largest supplier of steel to the automotive
industry in North America and serves a diverse range of other
markets due to its comprehensive offering of flat-rolled steel
products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs
employs approximately 27,000 people across its operations in the
United States and Canada.
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MEDIA CONTACT: Patricia Persico Senior Director,
Corporate Communications (216) 694-5316
INVESTOR CONTACT: James Kerr Manager, Investor Relations
(216) 694-7719
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