Sustainability Magazine January 2023 | Page 13

GREEN STEEL ON THE HORIZON

For centuries steel has been forged thanks to the burning of fossil fuels , most notably coal . And for centuries , steel production has been one of the biggest carbon emitters on the planet . A recent tally pegged the industry to 10 % of the world ’ s carbon .
This is what makes the recent partnership between green steel company Electra and the US ’ largest steel group in the world , Nucor Corporation , so exciting . The new partnership is going to allow Electra to scale , thereby popularising their new method of steel production that has no carbon dioxide emissions : its Low-Temperature Iron solution uss low-grade ores and renewable electricity .
� PRIMARK As one of the most enduringly popular fast fashion brands on the British high street , Primark has received its fair share of flak over the years for being unsustainable . Happily , it ’ s turning around its bad record . According to a recently released Sustainability and Ethics Progress Report , the company is on track to transition to 100 % sustainable clothing by 2030 . It has also unveiled its Primark Sustainable Cotton Programme , which seeks to promote smart cotton growing methods as well as increased recycling .
� SHEIN 2022 was the year of Shein . With $ 10bn in revenue , it became the biggest clothing brand in the world . In 113 different countries , it was the most Googled clothing brand . Unfortunately for the planet , the Chinese company has an atrocious ESG record : nail varnish that poisons , employees working 75-hour shifts in rooms with no fire exits , just over $ 500 a month to make 500 pieces of clothing a day . And this is not even mentioning the 10,000 different products it has on offer – all cheap and all with a very short shelf life .

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JAN23

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