Nucor Announced Revised Net-Zero Science-Based GHG Targets

The new targets are more ambitious than its previously announced target of 35% reduction in Scope 1 and Scope 2 GHG intensity by 2030, announced in 2021.

SEATTLE (Scrap Monster): Charlotte, N.C.-based Nucor Corporation announced Net-Zero science-based greenhouse gas (GHG) targets for 2050. The company also set a new interim target for 2030. The GHG intensity targets are defined by the Global Steel Climate Council's (GSCC) Steel Climate Standard. Furthermore, it aligns with the steel sector emission reduction goals set by the Paris Climate Agreement and the International Energy Agency.

The company’s net-zero 2050 and interim 2030 targets include scopes 1, 2, and 3 emissions from the production of hot rolled steel as defined by the GSCC. With this, Nucor has emerged as the first diversified steelmaker in the entire U.S. to set GHG reduction targets covering all three scopes. The new targets are more ambitious than its previously announced target of 35% reduction in Scope 1 and Scope 2 GHG intensity by 2030, announced in 2021.

Leon Topalian, Chair, President and Chief Executive Officer of Nucor stated that the targets further highlight the company’s leadership role in delivering clean solutions for the entire steel industry. Of late, the company has made significant investments towards boosting the availability of carbon-free electricity and supporting other emerging technologies.

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