Overview - www.ussteel.com
INTRODUCTION
THE FUTURE OF STEEL
Since 1901, U. S. Steel has grown with America. Working through times of prosperity or challenge, we have innovated the steel that built this nation. We are energized by the opportunity to create a better tomorrow for people and the planet
U. S. Steel’s 2023 Sustainability Report covers our progress against our sustainability initiatives and goals. It is the primary source of annual disclosure on our Environment, Social and (ESG) performance and should be viewed in conjunction with disclosures in our ESG Data Hub. Data in this report covers the period from January 1, 2023 to December 31, 2023, unless otherwise indicated. Reporting on other matters specific to the performance or governance of U. S. Steel and its subsidiaries can be found in our 2023 Annual Report 10-K and in our 2024 Proxy Statement. This document does not substantially incorporate the contents of any website or of any documents that it cites.
Additional information on climate risks and opportunities can be found in our 2023 Task Force on Climate-Related Financial Disclosures (TCFD) Report and our Climate Strategy Report. Our Diversity, Equity and Inclusion (DE&I) Report contains further information on our Culture of Caring and employee representation. This report covers U. S. Steel’s global operations, defined as facilities or businesses in which U. S. Steel exercises operational control. It does not include details concerning joint ventures.
This report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards. We have also provided responses to the Sustainability Accounting Standards Board (SASB) Iron & Steel Producers and Metals & Mining standards. Please see our GRI and SASB Indices start on page 102 of the Sustainablity Report PDF.
A summary of our 2021-2023 ESG data can be found here.
Download the 2023 Sustainability Report PDF.
BEST FOR ALL® STRATEGY
Our Best for All® strategy provides our customers with profitable steel solutions while creating a more sustainable future for all stakeholders — our customers, investors, employees and communities where we work and live.
This strategy is aligned with our sustainability objectives, as we focus on innovative solutions and industry-leading, low-carbon process technologies.
COMMITMENT STATEMENT
We are committed to reducing our carbon footprint, and helping our customers reduce theirs, by providing advanced steel products that are manufactured with fewer emissions than traditional steelmaking methods and that can be recycled repeatedly. Our goal is to achieve net-zero greenhouse gas (GHG) emissions (Scope 1 and 2) by 2050.
Disruption in the steel industry is inevitable. We intend to focus on disruptive innovation that is vital to our success, and that advances our sustainability strategy. We are already proving the value of this approach with innovations such as verdeX® and InduX™, infinitely recyclable steels produced from up to 90% scrap while reducing GHG emissions by 70-80%.
We envision a true transformation that goes beyond the steels we make or the manufacturing processes we have used. We will be a steelmaker that is best for our people, our customers, our communities and our planet.
INTRODUCTION
At U. S. Steel, our mission of delivering profitable steel solutions for people and planet underlies everything we do. In 2023, supported by our Board of Directors (Board), we continued our work to fulfill this mission by executing our strategy to deliver the BEST for all our stakeholders.
Our culture is based on our S.T.E.E.L. Principles: Safety First; Trust and Respect; Environmental Stewardship; Excellence and Accountability; and Lawful and Ethical Conduct. We expect our employees and members of our Board to take personal responsibility to “do what’s right,” and our Code of Ethical Business Conduct serves as the foundation for the actions of our employees and directors. To further ensure that employees understand the Company’s expectations and all applicable rules, we provide annual ethics and compliance training to our employees and share communications about key compliance topics, including senior management messages underscoring the importance of doing business with integrity. In addition, through our annual policy certification process, employees of U. S. Steel Košice (USSK) in Košice, Slovakia, non-represented employees in the United States, and members of our Board certify their ongoing compliance with our Code of Ethical Business Conduct.