SBC Applauds Major Emissions Reduction Announcement

Published on:
by KnowESG
KnowESG_Glenbrook steel factory
Image courtesy of Wikipedia

The Sustainable Business Council (SBC) applauds the Government's collaboration with NZ Steel to reduce emissions by co-funding the installation of an Electric Arc Furnace at the Glenbrook steel factory.

According to SBC Executive Director Mike Burrell, this is a significant announcement that will greatly contribute to New Zealand's emissions reduction efforts. It is commendable to witness NZ Steel, an SBC member, taking a leading role in decarbonisation in partnership with the Government.

SBC, along with the Climate Leaders Coalition, recently emphasised the need for bold mitigation measures from political parties in a joint policy priorities paper released before the election. The objective was to achieve the ambitious goals outlined in the country's latest Emissions Reduction Plan.

This announcement aligns with the recommendations outlined in that paper, particularly regarding the decarbonisation of industrial processes, notably process heat, through public-private collaboration facilitated by the Government Investment in Decarbonising Industry (GIDI) fund.

Mr. Burrell expresses satisfaction with the Government's collaboration with New Zealand businesses on this project. He emphasises that neither business nor Government can accomplish this transition alone. By working together through authentic public-private partnerships like these, we can effectively reduce emissions and fulfil our net-zero commitments by 2050.

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

For more environmental news

Source: SBC

Share:
esg
esg
esg
esg

Environment Headlines

Bristol Opens Free Coffee Pod Recycling Centres

Bristol Opens Free Coffee Pod Recycling Centres

Driving Decarbonization: How Brightest and Allianz Commercial Are Empowering ESG Progress

Driving Decarbonization: How Brightest and Allianz Commercial Are Empowering ESG Progress

Carbon Commitment: Microsoft Expands Beccs Partnership With Stockholm Exergi

Financing Fossil Fuels: HSBC Accused of Greenwashing After $1B Deal

CSA Hits Pause on Climate and Diversity Disclosure Rules Amid Global Shifts

Legislators Push Back on Carbon Capture as Landowners Demand Stronger Protections

As AI Grows, Data Centres Face Soaring Energy Demand

Gasmet Tech Assesses Carbon Footprint of GT5000 Terra Gas Analyser

Mint-Scented Plant Used as Toilet Paper Across Africa

Sustainable Home Renovations: How to Make Your Home Greener and More Efficient