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How AI supports ESG reporting in the steel industry
By Galina Donnik, Chief Impact Officer at beSirius
How do you build trust with stakeholders without getting buried in spreadsheets?
Metal and mining companies, and the steel industry in particular, face a complex challenge: balancing the rising demand for essential materials with the growing pressure to operate sustainably and to be more transparent.
To ensure transparency, accountability, and inclusivity, steelmakers are actively engaged in sustainability and industry initiatives that provide guidance on ESG( environmental, social, and governance) disclosure. These include frameworks such as IRMA( Initiative for Responsible Mining Assurance), ICMM( International Council on Mining and Metals), LME( London Metal Exchange), ResponsibleSteel™, and the World Steel Association’ s Sustainability Charter. At the same time, companies must comply with evolving and fast changing regulatory requirements like CBAM( Carbon Border Adjustment Mechanism) and IFRS( International Financial Reporting Standards) S1 / S2, depending on their countries of operation. On top of that, they are constantly responding to ESG-related requests from customers and investors, ranging from broad assessments like CDP( Carbon Disclosure Project) or S & P CSA( Corporate Sustainability Assessment) ratings to highly specific, customized questionnaires.
6 Green Steel World | Issue 18 | June 2025