Orsted
Electric Utilities
Denmark
ESRS disclosure: E5-4_07
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- Provide a detailed description of materials sourced from by-products or waste streams, as required under Disclosure Requirement E5-4, in the context of anticipated financial effects from material resource use and circular economy-related risks and opportunities, as outlined in Disclosure Requirement E5-6.
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Question Id: E5-4_07
Steel produced via electric arc furnaces (EAFs), which use scrap steel as feedstock, significantly lowers the need for virgin iron ore compared to traditional blast furnace-basic oxygen furnace (BF-BOF) methods that rely heavily on it. Even though recycled content is widely used in steel production, low-emissions steel still has a limited market availability. Closing this gap is key to cutting emissions, reducing reliance on virgin materials, and advancing a more circular steel industry. Thus, our focus is on sourcing lower-emissions steel, as it represents the most impactful opportunity to drive meaningful progress in reducing the environmental footprint of steel production.
Report Date: 4Q2024Relevance: 65%