Sustainability - Approach to Sustainability - Material Topics and Stakeholder Engagement - www.ussteel.com
Engaging with stakeholders to understand priorities and shape our 2024 strategy
We identified an initial universe of material 2024 topics by conducting research on current and emerging sustainability trends, and benchmarked material topics and 2024 performance of peer steelmakers and sustainability leaders.
In addition, we engaged a broad group of internal and external stakeholders to assess and prioritize these topics. We conducted interviews and surveys with executives across U. S. Steel business lines and external stakeholders representing investors, customers, suppliers, lenders and non-governmental organizations. The stakeholders rated the importance of 2024 topics to themselves and to other stakeholders, as well as to U. S. Steel's corporate goals and strategy. In addition, stakeholders commented on the 2024 topics they expect to grow in importance in the short and medium term (bolded on the matrix).
2024 MATERIALITY MATRIX
- Air quality
- Community engagement
- Corporate governance
- Customer engagement
- GHG e,ossions and climate change resiliency
- Innovation
- Responsible supply chain
- Safety and health
- Water quality
GHG emissions and climate change resiliency, and safety and health continue to be top of mind for both internal and external stakeholders. Reducing GHG emissions is key to corporate strategy and improving product sustainability to meet the growing customer demand for low-carbon products. We recognize GHG emissions as vital to meeting our net-zero commitment and demonstrating strength in the market. Safety and health was frequently cited as the number 1 priority area, highlighting it as a critical component of attracting and retaining talent, while also upholding regulatory compliance.