Investors worth $30tr urge steel industry to 'safeguard future in face of climate change'

Michael Holder
clock
Steel production is responsible for seven per cent of global emissions | Credit: Worldsteel / Robert Kolykhalov
Image:

Steel production is responsible for seven per cent of global emissions | Credit: Worldsteel / Robert Kolykhalov

More than 250 institutional investors representing over $30tr in assets urge steel sector to set out decarbonisation strategies to guard against climate-related risks

The global steel sector has been urged to "safeguard its future in the face of climate change" in a rallying cry today from an influential group of more than 250 major institutional investors representing...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Receive full access to businessgreen.com, indispensable information for business professionals

Choose from our 3 paid membership levels

Join now

 

Already a BusinessGreen
member?

Login

More on Investment

The built environment contributes around 40% of the UK's total carbon footprint | Credit: iStock

Banks urge Chancellor to use tax, stamp duty and capital allowances to unleash 'retrofit revolution'

Calls mount for Treasury to scrap VAT on energy efficiency products, tweak stamp duty for lower carbon homes, and embed ‘polluter pays’ principle across the economy

Cecilia Keating
clock 26 October 2021 • 4 min read
Juliet Davenport stepped down as Good Energy's CEO in May

What Juliet did next: Good Energy founder launches on-site renewable energy investment trust

Atrato Onsite Energy is aiming to become the first London-listed company with an all female board after it floats next month

Cecilia Keating
clock 25 October 2021 • 2 min read
Calls have consistently come for a UK-wide Just Transition Commission

Financial firms call for 'clear UK strategy' to ensure just transition to net zero

Just Transition crucial to delivering on the government's 'levelling-up' agenda, argues group of 40 banks and investors

Michael Holder
clock 25 October 2021 • 5 min read