Vallourec obtains Global Steel Climate Council certification for its decarbonization pathway

Regulation
โดย Yahoo Finance·Read original
Summary · why it matters

Vallourec has obtained certification from the Global Steel Climate Council for its science-based decarbonization pathway. The certification confirms that Vallourec's climate transition pathway aligns with the GSCC Steel Climate Standard, an internationally recognized framework supporting the Paris Agreement objectives. Following an independent assessment, Vallourec's Corporate Average Steel Emissions Intensity was certified at 1.70 metric tons of CO₂e per metric ton of hot-rolled steel for its 2021 baseline. Thanks to decarbonization initiatives, this intensity has already been reduced to 1.16 tCO₂e per metric ton in 2025, demonstrating alignment with the GSCC standard which requires the carbon intensity of hot-rolled steel to remain below 1.20 tCO₂e per metric ton by 2030. Vallourec also aims to reduce the carbon footprint of its finished tubes by 30% by 2030 compared with 2021 and to reduce its overall Scope 1, 2 and 3 emissions by 25% over the same period.

Impact on stocks 1

Materials · 1 stocks
Vallourec
VK
▲ PositiveRegulationrelevance

Certification confirms decarbonization pathway aligns with GSCC standard, enhancing regulatory compliance and sustainability credentials.