We are committed to reducing the environmental footprint of both our own and our customers’ operations
We have set an objective to reach a net zero carbon footprint, at the latest by 2050.
The Group has clear targets for energy saving, with ongoing efforts focused on increasing the efficiency of our production processes.
To transition to a low-carbon global economy, Vesuvius supports the call for policymakers to:
- build a global level playing field, including carbon border adjustments and robust and predictable carbon pricing for companies. This will strengthen incentives to invest in sustainable technologies and to change behaviours.
- develop the necessary energy production and distribution infrastructure to provide access to abundant and affordable clean energy.
According to estimates from Worldsteel (the World Steel Association), on average for 2020, 1.89 tonnes of CO2 were emitted for every tonne of steel produced. Worldsteel also estimated that the steel industry generates between 7% and 9% of global direct emissions from the use of fossil fuel.
In 2020 the Board set a new objective targeting an additional 10% improvement in the Group’s normalised energy consumption, measured per metric tonne of product packed for shipment by 2025 vs 2019.
The Board also set a related target for the Group to achieve a 10% reduction in Energy CO2e emissions per metric tonne of product packed for shipment (Scope 1 and Scope 2) vs 2019.