Cleveland-Cliffs Issues Sustainability Report for 2023
The Sustainability Report 2023 details how Cleveland-Cliffs’ steel products help advance the transition to a low-carbon economy, providing updates and highlights related to Cleveland-Cliffs’ most important sustainability topics, including climate and GHG emissions, water, waste, talent management, labor and community relations, health and safety, and corporate governance. The Report includes a Performance Metrics table that presents 3-year trended data on a comprehensive set of sustainability metrics, as well as Cliffs’ Statement of GHG Emissions, which discloses consolidated Scope 1 and 2 GHG emissions data for 2023.
- Continued downward trend of Cleveland-Cliffs’ Scope 1 and 2 GHG emissions intensity per ton of crude steel (both company-wide and integrated mill average);
- Specifically, Cleveland-Cliffs’ BF-BOF average emissions intensity was reduced to 1.54 metric tons CO2e per metric ton of crude steel produced (from 1.60 in 2022), a number 28% lower than the 2023 global average of 2.15;
- Strengthened the Company’s partnerships with prominent labor unions, including successfully negotiating new labor contracts covering employees at numerous operations;
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Cultivated partnership with the
U.S. Department of Energy and other relevant organizations in successful pursuit of industrial decarbonization projects through technologies such as hydrogen use, electrification and direct reduction; - Enhanced health and safety resources and employee engagement programs to further support workers and operations;
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Continued engagement with local communities, including expanding strategic partnerships and increasing charitable donations and employee giving to total
$7.5 million for 2023; and - Continued to improve scoring and transparency on sustainability ratings platforms such as CDP, an international nonprofit organization that manages the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
Cleveland-Cliffs’ Sustainability Report 2023 is accessible online in the “Sustainability” section of the Company’s corporate website, www.clevelandcliffs.com, where a printable PDF version of the report is also available.
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