Responsible Steel Members Webinar Series GHG and Steel
Responsible. Steel Members Webinar Series GHG and Steel: mapping the landscape of initiatives 29 September 2020 responsiblesteel. org
Antitrust statement Attendees are kindly reminded that Responsible. Steel™ is committed to complying with all relevant antitrust and competition laws and regulations and, to that end, has adopted an Antitrust Policy Statement, compliance with which is a condition of continued Responsible. Steel™ membership and participation. Failure to abide by these laws can potentially have extremely serious consequences for Responsible. Steel™ and its members, including heavy fines and, in some jurisdictions, imprisonment for individuals. You are therefore asked to have due regard for this Policy today and indeed in respect of all other Responsible. Steel™ activity. responsiblesteel. org
GHG and Steel: mapping the landscape of initiatives • Welcome and introduction, Ali Lucas, Executive Director • Methodology, Max Vardy, York University Work Placement • A Responsible. Steel perspective, Matthew Wenban-Smith, Policy & Standards Director • Discussion responsiblesteel. org
• Welcome and introduction, Ali Lucas, Executive Director • Methodology, Max Vardy, York University Work Placement • A Responsible. Steel perspective, Matthew Wenban-Smith, Policy & Standards Director • Discussion responsiblesteel. org
GHG Initiative Disclaimer 1: The document is a draft and classification categories may not represent an initiative’s own opinion. The spreadsheet has been created without input from or approval by the initiative itself. The categorization is based off publicly available information sourced from their website. If any initiative feels that they have been wrongly classified, then changes can be made according to the document 2: Initiatives were selected based off the current knowledge of the existing initiative; we are aware that this document does not account for all GHG initiatives. The scope of the study is limited by geographical region and language bias. OBJECTIVE To improve the scope of the spreadsheet to include initiatives of a wider scope and compensate for the geographical and language bias. We hope that members can add initiatives that they would like to be included. responsiblesteel. org
Spreadsheet Methodology 1: Populate spreadsheet with GHG initiatives 2: Determine essential information columns for spreadsheet 3: Complete and analyze document 4: Evaluate and improve project responsiblesteel. org
GHG INITIATIVE INFORMATION ON SPREADSHEET INFORMATION responsiblesteel. org DEFINITION Name The public name of the initiative What is it? Initiative / Report / Standard / Think Tank / Civil Society etc. What does it do? The purpose and a short description of the initiative Relevance to steel and GHG The link between the initiative and steel and/or GHG to ensure that the Mechanism of Change The initiative sector categorized into either finance, demand-side, policy or other Parent Organization Initiative parent organization Members The members of the initiative, can be a few or thousands Tools The output of the initiative; projects, actions, documents or reports Funding Who funds the initiative
GHG Initiative Terminology Initiative Categorisation (‘What is it? ’) • Business Organization • Civil Society Organization • Public Body • Initiative/Project • Policy Instrument • Report • Standard Mechanisms of change • Demand-side mechanism of change • Financial mechanism of change • Policy mechanism of change responsiblesteel. org
Categories of ‘initiative’ Business Association 4% [CATEGORY NAME]s 21% [CATEGORY NAME] [PERCENTAGE] Public Body 3% Policy Instrument 6% responsiblesteel. org [CATEGORY NAME] [PERCENTAGE]
GOVERNMENT AND PRIVATE INITIATIVE Government 16% Private 84% responsiblesteel. org
MECHANISMS OF CHANGE Policy 39% Finance 30% Demand-side 26% Other 5% responsiblesteel. org
GHG INITIATIVES WITH THE VARIABLE OF MECHANISMS OF CHANGE AND ‘WHAT IS IT’ 40 35 30 25 20 15 10 5 0 Business Association Civil-Society Organisation Consultancy / Think Tank Initiative / Project Policy Instrument Finance responsiblesteel. org Demand-side Policy Public Body Other Reports Standards
• Welcome and introduction, Ali Lucas, Executive Director • Methodology, Max Vardy, York University Work Placement • A Responsible. Steel Perspective, Matthew Wenban-Smith, Policy & Standards Director • Discussion responsiblesteel. org
Trying to understand the landscape… • • • How do we understand the landscape? What does it mean for us and our mission? What does it mean for steelmakers? What does it mean for other organisations and initiatives? What actions could follow from this? responsiblesteel. org
Organisations (1) “Business organisations” “Consultancy organisations” “Think tanks” • Business for Social Responsibility • Institutional Investors Group on Climate Change • World Business Council for Sustainable Development • World Economic Forum • worldsteel • DFGE Institute for Energy, Ecology and Economy • ECO 2 Initiative • Global Buildings Performance Network • Material Economics • Navigant • Rocky Mountain Institute • Systemiq • Agora Energiewende • World Environment Center • Mercator Research Institute on Global Commons and Climate Change • Sandbag smarter climate policy • Two degree Investing Initiative • University of Swansea SUSTAIN Project responsiblesteel. org
Organisations (2) “Civil Society Organisations” • CDP • Center for Climate and Energy Solutions • Centre for Climate Aligned Finance • Ceres • Climate Bonds Initiative • Conservation International • ECOS • European Environmental Bureau • Environmental Defense Fund responsiblesteel. org • Japan Climate Leaders Partnership • Mighty Earth • NRDC • Responsible. Steel • We Mean Business Coalition • The Climate Group • Union of Concerned Scientists • World Green Building Council • World Resources Institute • Worldwide Fund for Nature “Public bodies” • Ademe • International Finance Corporation • Principles for Responsible Investment
Initiatives/ projects • AAA Framework for Climate Policy Leadership • Asia Investors Group on Climate Change • Assessing Low Carbon Transition (ACT) • Building Transparency • C 40 • Carbon Leadership Forum • City-Business Climate Alliance • Climate Action 100 • Coalition on Materials Emissions Transparency • COP 26 High Level Champions for Climate Action • Corporate Reporting Dialogue • EIT Climate-KIC • Energy Transitions Commission • EU Green Deal responsiblesteel. org • Future of the Built Environment • Global Alliance for Buildings and Construction • Global Investor Coalition on Climate Change • IEA Technology Roadmap. The global iron and steel sector • Investor Group on Climate Change • Marrakech Partnership for Global Climate Action • Mining Minerals Metals M 3 Project • Mission 2020 campaign • Mission Possible Platform • MIT Sustainable Supply Chains Initiative • Net Zero Steel Pathway Methodology Project • Net-Zero Asset Owner Alliance • Paris Agreement Capital Transition Assessment • Principles for Responsible Investment • Race to Zero • Renewable Energy Buyers Alliance • Science Based Targets Initiative • Siderex • Steel. Zero • Sustainable Buildings and Cities • The Climate Pledge • The Investor Agenda • Transforming the Built Environment • Transition Pathway Initiative • UN Global Compact • worldsteel Climate Change Group
Reports • • • • Absolute Zero Advancing Net Zero Carbon Performance Assessment of Steelmakers: note on methodology CDSB Climate Change Reporting Framework Clean Steel Partnership Roadmap Climate Leadership Now Industrial Transformation 2050: Pathways to Net-Zero Emissions from EU Heavy Industry Melting Point Mission Possible Quick Guide to the Sectoral Decarbonisation Approach Reaching Zero Carbon Emissions from Steel The Building System Carbon Framework The Next Frontier of Carbon Accounting Value Change in the Value Chain: Best Practices in Scope 3 GHG Management responsiblesteel. org
‘Standards’ • BES 6001: The Framework Standard for Responsible Sourcing • BREEAM • CARES • Climate Disclosure Standards Board • COMET Method • Drive Sustainability • Eco Reinforcement • EN 15804 • EN 19694 • Environmental Product Declarations • GHG Protocol • Global Reporting Initiative • Global Sustainability Standards Board • Gold Standard • Green Building Council of Australia Green Star responsiblesteel. org • Green Building Council of Australia Green Star • ISO 14030: Environmental Performance Evaluation - Green debt instruments • ISO 14040 • ISO 14044 • ISO 14067 • ISO 14404 • Responsible. Steel Standard • SBTi Criteria and Recommendations • Sustainability Accounting Standards - Metals & Mining • Sustainability Accounting Standards - Iron & Steel Producers • US Green Building Council Leadership in Energy and Environmental Design
Trying to understand the landscape Destination: Net Zero responsiblesteel. org
Trying to understand the landscape Drivers: • Internal: company, site • Investment • Divestment • Private sector sourcing • Public procurement • Border adjustments • Campaigns Policy Campaigns Demand Finance responsiblesteel. org
Trying to understand the landscape What are the ‘asks’? • • • Commitments? Targets? Goals? Policy? Strategy? GHG measurement: • Scope 1, Scope 2, Scope 3… GHG reporting: • Scope 1, Scope 2, Scope 3 • Absolute? Intensity? • By product? By company? By site? • Co-product allocations? Performance incentives: • Emissions? Reductions? Progress? Recycling? Recyclability? What tools do steelmakers need to give an answer? responsiblesteel. org Policy Campaigns Demand Finance
Trying to understand the landscape Let a hundred flowers bloom? A steelmaker’s perspective? Challenges: • Alignment • Coordination • Compatibility • Difference for purpose • Language & definitions • Gaps? responsiblesteel. org Policy Campaigns Demand Finance
Ten asks for steelmakers? Finance Demand Policy Campaigns Company 1. Net Zero Target Date and Plan ✓ ✓ ✓ 2. TCFD ✓ ? ✓ 3. Measurement, Transparency ✓ ✓ ✓ ? ✓ ✓ ✓ 7. GHG product footprint data ? ✓ ✓ 8. “Green steel” ? ✓ ✓ ✓ ? Site 4. Net Zero Target Date and Plan 5. Emissions Intensity Measurement, Transparency 6. Emissions Intensity Performance Levels: A, AAA ? Product responsiblesteel. org ✓
What does it mean for Responsible. Steel? • Our stakeholder network/ membership • Our standard • • Alignment/ compatibility Language, definitions • How can our standard be used by others? • How can our ‘products’ be used by others? • Gaps? responsiblesteel. org Policy Campaigns Demand Finance
• Welcome and introduction, Ali Lucas, Executive Director • Methodology, Max Vardy, York University Work Placement • A Responsible. Steel perspective, Matthew Wenban-Smith, Policy & Standards Director • Discussion responsiblesteel. org
Thank you alucas@responsiblesteel. org mvardy@responsiblesteel. org mwenbansmith@responsiblesteel. org
- Slides: 27