A Catalyst for Systems Change: Steel Standards Principles
If You Can’t Measure It, You Can’t Fix It.
The results of an historic scientific health check of the planet were unveiled during Climate Week 2024 in New York, indicating that Earth’s systems remain at risk. This was the first in a series of annual updates on the status of each planetary boundary. “By quantifying the boundaries for a healthy planet, we provide policy, economics and business with the tools needed to steer away from unmanageable risks," said Johan Rockström, PIK Director, Pioneer of the Planetary Boundaries Framework and Co-Founder of the Planetary Guardians.
As one of the most resource-intensive sectors, the steel industry sits at the nexus of these boundaries from carbon emissions and freshwater use to air emissions and resource consumption. Notably, iron and steel production accounts for around 8% of global greenhouse gas (GHG) emissions, making decarbonizing this sector a core focus in mitigating climate change. To align with global climate goals and achieve a net-zero energy system, the sector needs to reduce its emissions by at least 90% by 2050.