Cleveland-Cliffs Announces New Greenhouse Gas Emissions Reduction Goals: Targets To Reduce Scope 1 And 2 GHG Emissions Intensity Per Metric Ton Of Crude Steel By 30% By 2035
Portfolio Pulse from Benzinga Newsdesk
Cleveland-Cliffs has announced new greenhouse gas emissions reduction goals, targeting a 30% reduction in Scope 1 and 2 GHG emissions intensity per metric ton of crude steel by 2035, and a 20% reduction in upstream Scope 3 GHG emissions intensity by 2035. The company also aims to achieve near net zero emissions by 2050.
May 24, 2024 | 11:10 am
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Cleveland-Cliffs has announced ambitious greenhouse gas emissions reduction goals, aiming for a 30% reduction in Scope 1 and 2 GHG emissions intensity per metric ton of crude steel by 2035, and a 20% reduction in upstream Scope 3 GHG emissions intensity by 2035. The company also targets near net zero emissions by 2050.
The announcement of significant GHG emissions reduction goals aligns Cleveland-Cliffs with global sustainability trends and regulatory expectations. This could enhance the company's reputation and appeal to environmentally conscious investors, potentially driving short-term stock price appreciation.
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