Successful companies increasingly understand that sound corporate governance of both financial and non-financial factors—such as environmental and social issues—benefit their balance sheets and bottom lines. In other words, ESG issues are business issues, and vice versa. CMC is no exception.
We integrate our ESG and business strategies together as part of our aim to be the first choice for stakeholders, suppliers and contractors. Since our first day in operation, we have valued product stewardship and sustainability. We pay close attention to our impact on the world around us, and we look for new ways to strengthen our business while investing in innovations that yield greater efficiencies and environmental benefits.
Some of the important links between our business drivers and our ESG priorities include:
Our robust recycling strategy, for instance, extends the useful lifecycle of metals by continuously circulating materials throughout the market and keeping them out of landfills. Our GHG emissions currently fall well below the iron and steel sector targets set by the Paris Climate Agreement. We have also established a plan to further reduce our energy consumption, GHG emissions and water withdrawal intensities by 2030, while increasing our use of renewable energy. These targeted reductions will keep us on track to remain one of the world’s most energy efficient and green steel manufacturers, while also reducing our costs and mitigating our business risks.
Micro Mills as Compared to Mini Mills
Less Scope 1 Greenhouse Gas (GHG) emissions
Less total
Scope 1 & 2 GHG emissions
Less natural
gas usage
Less overall
energy usage
Based on 2022 CMC mini and micro mill data
At CMC, good business always aligns with good environmental practices.
We recognize the value of relationships and put people at the center of our business.
Honesty and transparency are the best approaches to long-term sustainability.
ESG is integral to our business strategy and culture. We continue to embed ESG management requirements into our management and governance structure. Our ESG accountabilities start at our Board and cascade down through the organization.
CMC Board of Directors
Risk Committee
Executive Leadership Team
Vice President, Sustainability & Government Affairs
Sustainability Leadership Council (SLC)
Sustainability Manager