ĐÓ°É´«Ă˝app Releases 2023 Task Force on Climate-Related Financial Disclosures Report
PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (“ĐÓ°É´«Ă˝app”) released its , outlining how climate-related risks are managed, what climate-related opportunities exist, and ĐÓ°É´«Ă˝app’s approach to addressing climate-related issues in the areas of governance, strategy, risk management, and metrics and targets.
The 2023 TCFD report reaffirms ĐÓ°É´«Ă˝app’s commitment to providing stakeholders with increased transparency and disclosure into its sustainability program. Building on the company’s first TCFD report in 2021, this year’s report reassesses ĐÓ°É´«Ă˝app’s climate-related physical and transition risks while adding new location-based quantitative impact assessments of facilities and suppliers.
Insights gained from the TCFD further enable ĐÓ°É´«Ă˝app to integrate updated climate risk considerations and inform its Enterprise Risk Management (ERM) program while strengthening its overall resilience. The 2023 TCFD report also highlights several climate-related opportunities for ĐÓ°É´«Ă˝app, including the opportunities to expand low-carbon and specialized products to meet the increased market demand and increased consumption of steel used in production and distribution of renewable energy, particularly with our verdeX® steel and InduX™ electrical steel.
The full report is available .
About ĐÓ°É´«Ă˝app
Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company’s customer-centric Best for All® strategy is advancing a more secure, sustainable future for ĐÓ°É´«Ă˝app and its stakeholders. With a renewed emphasis on innovation, ĐÓ°É´«Ă˝app serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as ĐÓ°É´«Ă˝app’s proprietary XG3® advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. ĐÓ°É´«Ă˝app is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit .
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Source: United States Steel Corporation