Our Commitment to Reduce GHG EmissionsAt Cleveland-Cliffs, we acknowledge that one of the most important issues impacting our planet is climate change. While the American steel industry is already among the cleanest and most energy efficient in the world, we are doing our part to reduce our GHG emissions. We are making progress on our goal to reduce Scope 1 and 2 emissions 25% by 2030 from 2017 levels, and we plan to report on our progress annually. Our Strategy and Sustainability Committee of the Board of Directors—chaired by our Chairman, President and CEO—oversees Cliffs ESG-related risks and opportunities, including climate change. In late 2021, Cliffs joined the U.S. Department of Energy’s (DOE) Better Climate Challenge.
In addition to the five strategic priorities outlined in our Climate Commitment Plan, Cleveland-Cliffs is pursuing a number of initiatives to reduce our emissions. For example, we use our own domestically produced HBI in the following ways:
- In our blast furnaces to lower the coke rate, improve energy intensity and reduce our emissions
- In our basic oxygen furnaces to optimize productivity and enhance quality
- In our electric arc furnaces as a scrap alternative
- To stretch our hot metal production
Cliffs is also studying carbon capture and sequestration at our Burns Harbor, Indiana, facility in partnership with the DOE, and investigating potential hydrogen use as part of our overall carbon strategy. Our Direct Reduction facility in Toledo, Ohio, was designed and constructed to replace up to 30% of the natural gas we reform with hydrogen to produce our HBI. Cliffs values transparency, not only through our annual sustainability report but through responding to the CDP’s annual Climate Change questionnaire.
Download Our Climate Commitment Plan