Cleveland-Cliffs, a steel and mining company, has announced its commitment to reducing greenhouse gas (GHG) emissions and work towards climate change action plan. Cleveland-Cliffs latest filings mentioned the keywords ‘Emissions’ and ‘Recycled’ most number of times in relation to 'Climate Change'.

Cleveland-Cliffs regularly tracks the progress against its goal of 25% reduction of combined absolute Scope 1 and 2 GHG emissions by 2030 from 2017 levels. In 2022, Cliffs’ Scope 1 and 2 GHG emissions were already below its reduction goal ahead of the target year of 2030. This was achieved through strategic actions such as optimizing its asset footprint and raw material mix, particularly its unique practice of using significant amounts of HBI in its blast furnaces to reduce its coke rates, along with production levels of crude steel.

Cleveland-Cliffs has taken steps to reduce its emissions, including investing in renewable energy and energy-efficient technologies. The company has also implemented measures to improve the efficiency of its operations, such as optimizing its transportation and logistics systems.

In conclusion, Cleveland-Cliffs plans to continue investing in emission reduction technologies and renewable energy sources to achieve its targets. In its Sustainability Report 2021, Cliffs announced a target to purchase 2 million megawatt hours (MWh) annually of renewable power that is newly developed or additional to the existing power grid. The company has also committed to working with its suppliers and customers to reduce emissions throughout its supply chain.

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