FIRST WORLD STEEL INDUSTRY SUSTAINABILITY REPORT PUBLISHED BY IISI

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FIRST WORLD STEEL INDUSTRY SUSTAINABILITY REPORT PUBLISHED BY IISI
12 January 2005 - International Iron and Steel Institute

The International Iron and Steel Institute (IISI) has published the first sustainability report of the world steel industry.

The International Iron and Steel Institute (IISI) has published the first sustainability report of the world steel industry. Forty-two steel companies worldwide, including the world’s top five steel producers in 2003, have reported voluntarily on 11 sustainability indicators. Together these companies represent over 33% of world crude steel production and created US$191 billion in revenues in 2003. This landmark report is among the first to be published by an industry.

IISI finalised the set of 11 indicators in October 2003. The indicators enable the world steel industry to measure its economic, environmental, and social performance. The indicators can also be used to track the industry’s progress toward sustainable development. The selected indicators address the goals outlined in IISI’s Policy Statement on Sustainable Development, they use existing data, and they are applicable in every region of the world for all steel companies.

The steel industry’s economic performance is measured by four of the 11 indicators: Investment in Processes and Products, Operating Margin, Return on Capital Employed, and Value Added. Greenhouse Gas Emissions, Material Efficiency, Energy Intensity, Steel Recycling, and Environmental Management Systems measure the industry’s environmental performance. Social performance is measured through the final two indicators, Employee Training and Lost Time Injury Frequency Rate.

The 2004 IISI Sustainability Report has been published as a 32-page brochure. A PDF version of the report can be downloaded for free from www.worldsteel.org. Hard copies of the brochure can also be ordered from IISI’s on-line bookshop. Single copies are free. Orders for three or more copies cost €6.20 per copy. A reduced rate is available for large orders.

http://www.worldsteel.org

About: International Iron and Steel Institute
The International Iron and Steel Institute (IISI) aims to establish steel as a major foundation of a sustainable world. For the world steel industry this means valuing the interdependence of environmental, social and economic aspects in all decision making, with the aim of improving life for everyone, now, and for generations to come.

IISI was founded in 1967. It is a non-profit research organisation with headquarters in Brussels, Belgium. IISI is one of the largest and most dynamic industry associations and serves as a world forum for the international steel industry.

A sustainable world steel industry could not be achieved without the active participation of IISI's membership. IISI currently has a membership of more than 115 steel producing companies and over 60 national and regional steel federations and steel research organisations. The members come from more than 50 countries around the world. The countries in which IISI member companies are located account for over three-quarters of total world steel production. Nearly all the world's major steel producers are members of the Institute. Both publicly and privately owned enterprises, using both basic oxygen or electric arc process routes, are members.

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