Decarbonisation, ESG a challenge and opportunity for steelmakers: EY Report

The major challenge that remains in the face of more stringent emission targets is to significantly reduce emissions in the steelmaking process, says the report

Over the past few years, there has been consistent improvement in metrics of sustainability within the steel industry but the environmental impact needs to be reduced further with a well chalked out plan, an EY India report titled, “Towards Greener Steel - Steering the Transition” said on Monday.

Ernst & Young (EY) is one of the big four accounting firms that provides consulting and advisory services.

For steelmakers, an accelerating decarbonisation agenda and the growing importance of environmental, social and governance (ESG) performance represent both a challenge and an opportunity, said the report.

“Steelmakers have long prioritised energy efficiency and more recently have