Sustainability, or sustainable development, is aimed at improving the quality of life for everyone, now and for generations to come. It encompasses environmental, economic and social dimensions, as well as the concept of stewardship, the responsible management of resource use.
Steel products help to meet society’s needs and as producers of steel, it is our responsibility to meet the demand for steel in a sustainable way. With companies all across the world, we face a broad range of challenges and we are committed to taking action, individually and together as an industry, to address them.
In 2002, the global steel industry worked together to establish a policy on sustainable development. This policy was built on a set of principles established in 1972 and a statement of principles issued in 1992.
It underlines the commitments made by worldsteel’s member companies to address the economic, environmental, and social sustainability of their businesses and to engage in constructive dialogue with their stakeholders to ensure open and active communication to help fulfil these commitments.
Member companies of worldsteel are committed to a vision where steel is valued as a major foundation of a sustainable world. This is achieved by a financially sound industry that takes leadership in environmental, social and economic sustainability.
The steel industry’s sustainability principles are strongly aligned with the 17 United Nations Sustainable Development Goals set out in 2015. For more details, check out our Sustainable steel: Policy and Indicators 2016 publication.
In 2015, the leaders of 75 steel companies signed the worldsteel Sustainable Development Charter to reaffirm their commitment to the seven industry sustainable principles. The first charter was published in 2009.