{"id":514022,"date":"2021-07-16T07:03:12","date_gmt":"2021-07-16T11:03:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cleveland-cliffs-issues-its-comprehensive-sustainability-report-for-2020\/"},"modified":"2021-07-16T07:03:12","modified_gmt":"2021-07-16T11:03:12","slug":"cleveland-cliffs-issues-its-comprehensive-sustainability-report-for-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cleveland-cliffs-issues-its-comprehensive-sustainability-report-for-2020\/","title":{"rendered":"Cleveland-Cliffs Issues Its Comprehensive Sustainability Report for 2020"},"content":{"rendered":"

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Cleveland-Cliffs Issues Its Comprehensive Sustainability Report for 2020<\/b><\/p>\n

CLEVELAND–(BUSINESS WIRE<\/a>)–
\nCleveland-Cliffs Inc. (NYSE: CLF) <\/b>announced today the release of its full Sustainability Report 2020. In response to feedback from many of its stakeholders, Cleveland-Cliffs developed its Sustainability Report 2020 with reference to the widely-used Global Reporting Initiative\u2019s (GRI) comprehensive sustainability reporting framework and Sustainability Accounting Standards Board (SASB) standards. The GRI framework encourages greater transparency from organizations through standardized principles and indicators for tracking and reporting on environmental, social and governance (ESG) performance.\n<\/p>\n

\nLourenco Goncalves, Cleveland-Cliffs\u2019 Chairman, President and Chief Executive Officer said, \u201cThroughout our history, Cleveland-Cliffs has taken pride that we operate in a responsible, sustainable manner. We mine iron ore where our employees live, and we produce steel in close proximity to big cities. Among all things, our ability to attract new employees and even our license to continue to exist are fully correlated to our success in being a good neighbor within our local communities.\u201d Mr. Goncalves added, \u201cAs we transformed our business in 2020, we developed an integrated, sustainable business model which we believe is the real benchmark in steel production, for the United States and for the rest of the world. That includes natural gas based Direct Reduction; sinter-free blast furnaces using pre-reduced iron as feedstock, along with customized pellets; and, last but not least, Electric Arc Furnaces free from the vast amounts of dirty pig iron originating from highly polluting countries, so common in other EAF operations in the United States.\u201d Mr. Goncalves concluded, \u201cAs the largest flat-rolled steel company in North America, we are integral to rebuilding a manufacturing economy in our country that provides good-paying, sustainable jobs for more than 25,000 people, among them nearly 20,000 union jobs. On behalf of the men and women that make Cleveland-Cliffs a great success story, we re-affirm our commitment to sustainability and responsible stewardship, for today and for future generations.\u201d\n<\/p>\n

\nThis report provides the Company\u2019s progress and sustainability metrics from its operating facilities consolidated into a single ESG data table for investors and other stakeholders. The publication of this report marks the Company\u2019s commitment to continued reporting and progress in pursuit of Cleveland-Cliffs\u2019 ESG goals.\n<\/p>\n

\nThe following sustainability accomplishments and commitments are highlighted from the 2020 report:\n<\/p>\n