Sustainable Steel Scoreboard 2026

Steel production accounts for over 11% of global carbon dioxide emissions, and steel demand is on the rise. Decarbonising steel manufacturing is crucial for limiting global warming to 1.5°C. The Sustainable Steel Scoreboard assesses the steel supply chains of 15 major steel-procuring companies in the Nordic countries.

Creating demand is essential for scaling fossil-free, environmentally sustainable steel. Companies can drive this through supplier engagement, procurement practices, supplier selection, and product and service design. They should also disclose supply chain impacts, set science-based targets, and report progress.

Because Scope 3 emissions often represent the largest share of corporate emissions, companies must address environmental impacts across their supply chains, including greenhouse gases, toxic emissions, biodiversity loss, ecosystem degradation, and resource depletion.

The scoreboard evaluates progress toward fossil-free and sustainable steel supply chains while also assessing general supply chain sustainability to provide a baseline score for comparison: Companies scoring higher in the Steel Supply Chain category appear to have taken more targeted action on steel decarbonisation.

This fourth edition expands from a primarily Finnish focus to a Nordic one, covering four Finnish, seven Swedish, three Danish, and one Norwegian company. In addition, a new Best Practices Summary of the 15 companies analysed is presented to show what could be achieved if they adopted the best practices already used among themselves.