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News

First world steel industry sustainability report published by IISI

World Steel Association : 12 January, 2005  (New Product)
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.
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