of global greenhouse gases , if it were a country, its emissions would rank the third highest in the world. Its emissions would rank the third highest in the world.
Steel product-level emissions reporting allows purchasers, investors, and other stakeholders to understand theIncreasing scrap — Steelmakers can demonstrate support for recycling by reporting on the recycled content of their products to the extent possible given the global scrap supply. Using zero-emissions electricity — Incorporating renewables in manufacturing processes will further reduce scrap-based emissions due to the large and increasing portion of this material that is processed in electric-arc furnaces.
The guidance is particularly relevant to the global automotive industry as major players move to reduce their supply chain emissions in addition to accelerating development of electric vehicles.