Global Investors Call for Hydrogen-Powered Green Steel Production
Key Ideas
- Majority of global investors advocate for low-emissions steel production using hydrogen or electricity.
- Steel should not be labeled 'green' if coal or natural gas are involved in its manufacturing process.
- Survey conducted by Australasian Centre for Corporate Responsibility reveals strong investor sentiment towards cleaner steel production.
- ESG Investor offers a platform for sustainable investing news, analysis, and interviews.
A survey conducted by the Australasian Centre for Corporate Responsibility (ACCR) has shown that a significant majority of global investors support the idea that low-emissions steel should be produced using hydrogen or electricity. This stance is based on the belief that if coal or natural gas are utilized in the manufacturing of steel, it cannot be deemed 'green'. The survey findings highlight a growing emphasis on sustainability and environmental responsibility within the investment community. The results emphasize the importance of transitioning towards cleaner methods of steel production to reduce carbon emissions and combat climate change. The Australasian Centre for Corporate Responsibility (ACCR) has been actively advocating for sustainable practices within the corporate sector. Investors are increasingly recognizing the role they play in driving positive change towards a more environmentally friendly future. Subscribe to ESG Investor for access to leading news, analysis, and interviews in the realm of sustainable investing.