Commercial Metals Company Supports a Global Standard to Measure and Report Carbon Emissions
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The Standard provides a clear path to achieving emissions targets as laid out by the Paris Climate Agreement, while offering a single, technology-agnostic protocol that would apply to all steel producers globally. The Standard represents a transparent reporting system that would enable customers, and other stakeholders, to know and compare carbon emissions intensity across products and producers.
"The steel industry needs to be a meaningful participant in the efforts to reduce GHG emissions and the GSCC provides a simple and transparent Standard that will help guide us toward decarbonization," said Barbara R. Smith, Chairman of the Board and Chief Executive Officer.
For more information, including access to the full text of The Steel Climate Standard, please visit the Global Steel Climate Council website at: https://globalsteelclimatecouncil.org.
About Commercial Metals Company
Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace ("EAF") mini mills, three EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in
About Global Steel Climate Council
GSCC is a non-profit organization created to lead an effort to reduce steel carbon emissions and encourage investments in lower-carbon emission technology as part of the global effort to decarbonize economies and societies. GSCC members are steel manufacturers, associations and other organizations in the steel supply chain that have a presence in 79 countries around the world.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the federal securities laws with respect to The Steel Climate Standard. The statements in this release that are not historical statements, are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management "believes," "expects," "will," or other similar words or phrases, as well as by discussions of strategy, plans, or intentions.
Our forward-looking statements are based on management's expectations and beliefs as of the time this news release was prepared. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, "Risk Factors" of our annual report on Form 10-K for the fiscal year ended August 31, 2022 and Part II, Item 1A, "Risk Factors" of our subsequent quarterly reports on Form 10-Q, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of our downstream contracts due to rising commodity pricing; excess capacity in our industry, particularly in
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SOURCE Commercial Metals Company
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