The steel industry recognised the need for a systematic method to measure and report on its sustainability performance. To this end, worldsteel established a set of sustainability indicators in 2003. The indicators are aligned to the principles in worldsteel’s sustainable development policy and to the UN Sustainable Development Goals.
Sustainability reporting at a global level is one of the major efforts that the steel industry undertakes to manage its performance, demonstrate its commitment to sustainability and enhance transparency. It is one of the few industries that reports at a global level and has done so since 2004, when the first steel industry sustainability report was published.
Steel companies report on up to 8 sustainability indicators every year. Reporting is voluntary. In 2017, 125 steel companies and 6 associations participated. Crude steel produced by companies who reported on one or more indicators for fiscal year 2016 was 875 Mt, representing 54 % of global crude steel production. The average indicator results, participation by indicator,
as well as the performance trends of the steel industry over a decade, are provided in the sustainability section on worldsteel.org.