Steel decarbonization can be done by replacing fossil fuels in production and recycling the materials. Green hydrogen appears as the future of production methods in steelmaking industries that will help reduce CO2 emissions by approximately 95 percent.
The government of Indonesia has declared its commitment to reducing carbon emissions by 29% with its efforts, 41% with international support in 2030, and sets a Net Zero Emission target in 2060.
Environment, Social and Corporate Governance (ESG) have now become corporate accountability models. As leaders now commonly prioritize sustainability factors for their business decision-making process.
Sustainability, specifically environmental sustainability, is the topmost priority for both consumers and businesses around the world. Governments are setting stricter compliance standards, consumers are making more informed purchasing decisions and the economy is shifting towards sustainability and decarbonisation. Climate change is on the top list… Read More »ESG: Sustainability Trends of 2022
Sustainability is fast becoming an important concept for businesses across all industries to embrace. By definition, sustainability is all about achieving a balance between the environment, equity and economy. This is because sustainability assumes that resources are finite and must be used conservatively to ensure… Read More »Decarbonising the Steel Industry: Actions for the Road to Sustainability
Steel trading companies, like Gunung Prisma, are integral in the steel industry. These companies have partnerships with steel mills within the region, buying and storing steel and then distributing it to wholesalers and retailers. Gunung Prisma also uses these partnerships to offer low-carbon footprint steel… Read More »Steel Trading Companies: Supporting Businesses with International Partnerships
Globally, the world is making strides towards achieving gender equality. Women in senior leadership positions has passed the critical 30% mark despite the global pandemic, a Grant Thornton report surmises. However, compared to western counterparts, the percentage of women in senior management in Asia-Pacific, including… Read More »Gender Equality: Are There Enough Female Leaders in Indonesia?
When it comes down to determining the economic and social impact an industry has, it is often measured by the gross value it contributes, and the number of individuals that work in the relevant fields. Given the vastness of the steel industry, it is important… Read More »World of Steel: Economic & Social Impact of the Steel Industry
Our modern world is heavily reliant on steel. One of the most significant building materials, it is utilised in the making of everything from complex machinery like turbines to simple tools such as cutlery. Inherently possessing valuable properties, steel’s durability, longevity, and versatility make it… Read More »What is Green Steel & Why it’s the Next Big Thing in Sustainable Manufacturing
Steel is the world’s most commonly-used metal and plays a vital role in the global economy. It is made by smelting iron, a process which pumps large amounts of carbon dioxide into the atmosphere – and so its production is one of the contributors of global warming.