Gestamp Employs ArcelorMittal Green Certificates For Sustainability EffortJanuary 14, 2022
Gestamp has signed an agreement with ArcelorMittal to begin using ArcelorMittal’s XCarb green steel certificates for the production of automotive components, as part of a sustainability strategy aimed at achieving decarbonization in all of its operations, including its supply chain. XCarb green steel certificates allow users to purchase CO2 emissions savings made during the steelmaking process and report the savings as a reduction in Scope 3 emissions (indirect emissions from purchased goods). Thus, Gestamp reportedly becomes the first Tier-One supplier in the automotive sector to offer its vehicle-manufacturer customers products with a lower carbon footprint resulting from project-based CO2 savings achieved through ArcelorMittal’s decarbonization initiatives.
The certificates are issued due to the CO2 savings realized by a number of ArcelorMittal decarbonization initiatives, according to company officials, including the capture of hydrogen-rich waste gas and its re-injection it into the blast furnace. The CO2 savings, aggregated and independently verified, are calculated in accordance with the GHG Protocol for Project Accounting and are assured by DNV, an independent environmental assurance and risk-management organization.
See also: ArcelorMittal USA Inc.