Cleveland-Cliffs Recognized by U.S. Department of Energy as a Better Climate Challenge Goal Achiever for GHG Emissions Reduction
October 26 2023 - 7:00AM
Business Wire
The Company Reduced Total Scope 1 and Scope 2
GHG Emissions by 32 Percent from a 2017 Baseline Year
Cleveland-Cliffs announced today that the U.S. Department of
Energy (DOE) has recognized the Company as a GHG Emissions
Reduction 2023 Goal Achiever through its Better Buildings
Initiative and Better Climate Challenge. The Company achieved its
first DOE goal by reducing its absolute scope 1 and 2 GHG emissions
by 32 percent by year-end 2022 from a 2017 baseline and exceeding
its target to reduce by 25 percent by the year 2030.
Cleveland-Cliffs is the only steel company participating in the
DOE Better Buildings Initiative to drive leadership in energy
innovation and the Better Climate Challenge, an initiative that
challenges major industrial partners to cut their greenhouse gas
emissions by 50 percent within 10 years. The Company’s commitment
covers 46 of its operating facilities.
Lourenco Goncalves, Cleveland-Cliffs’ Chairman, President, and
Chief Executive Officer said, “We are a proud member and partner of
the U.S. Department of Energy’s Better Plants and Better Climate
Challenge programs, and we appreciate the agency’s recognition of
our significant achievement. Through these programs, the DOE has
become an invaluable partner as we reduce our emissions. Going
forward, with the DOE’s plans to fund regional clean hydrogen hubs
including two hubs near several of our largest steelmaking plants,
we have a real path to further reduce our carbon footprint through
the usage of hydrogen.”
Cleveland-Cliffs’ most impactful GHG emissions reductions in
2022 derived from strategic actions that included:
- optimized use of hot-briquetted iron (HBI) in its ironmaking
furnaces to reduce fuel rates;
- optimized scrap consumption;
- prioritized operation of efficient equipment and
facilities;
- increased use of lower carbon fuels; and
- upgrades to onsite energy recovery for power generation.
In addition, the DOE selected Cleveland-Cliffs to be a featured
partner in the Better Climate Challenge Road Show Season Two, which
will launch in December 2023. The program presents innovative
solutions for reducing GHG emissions.
For more information about Cleveland-Cliffs’ Better Buildings
profile, visit:
https://betterbuildingssolutioncenter.energy.gov/partners/cleveland-cliffs-inc
The U.S. Department of Energy published the “2023 Better
Buildings Initiative Progress Report,” which summarizes the
achievements of DOE’s Better Buildings public and private sector
partners and the results of the Better Climate Challenge.
About Cleveland-Cliffs Inc
Cleveland-Cliffs is the largest flat-rolled steel producer in
North America. Founded in 1847 as a mine operator, Cliffs is also
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. www.clevelandcliffs.com
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MEDIA CONTACT: Patricia Persico Senior Director,
Corporate Communications (216) 694-5316
INVESTOR CONTACT: James Kerr Manager, Investor Relations
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