GSCC Publishes label for certified science-based emissions target

 

The Global Steel Climate Council (GSCC) published its labeling design for a certified Science-Based Emissions Target in line with the Steel Climate Standard.
 

The label will be used to certify a steel producer’s ambition towards meeting the goal of Net Zero by 2050.  By setting short-term and long-term targets towards Net Zero, steel producers are demonstrating their commitment to reduce emissions along a value chain that begins with mining and resource extraction through the hot rolling process.  The targets are set based on the Steel Climate Standard’s transparent, science-based, verifiable, time-bound and technology-neutral approach – which incentivizes real action and holds the industry accountable to meeting emissions reduction goals.

“The Science-Based Emissions Targets (SBET) label signifies a steel producer’s commitment to decarbonization and their action to achieve their stated goals.  As we begin to certify our members’ targets, the global community will recognize the GSCC SBET certification as real emissions reduction action behind the words,” says Adina Renee Adler, GSCC’s executive director.

Science-based emissions targets provide a pathway for companies to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change. Targets are considered “science-based” if they are in line with the latest climate science necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.

The GSCC Steel Climate Standard, adopted in August 2023 as a global standard to measure and report steel carbon emissions, also provides a framework for members to seek third-party verified certification of the emissions intensity of facility-specific products and to self-audit these emissions yearly to demonstrate continuous decarbonization progress. A label for production certification is forthcoming.