Welcome to BlueScope’s FY2018 Sustainability Report, which communicates our progress in further embedding sustainability into every aspect of how we do business.
Our sustainability reporting explains the work we are doing to ensure BlueScope is alert, responsive and adapting to every aspect of our ever-changing environment.
Last year we engaged with a cross section of our stakeholder groups and identified five sustainability topics considered most material to our business – safety, health and wellness; climate change and energy; diversity and inclusion; governance and business conduct and supply chain sustainability. These topics form the foundation for BlueScope’s sustainability reporting.
Our FY2018 Sustainability Report aligns with the core option of the Global Reporting Initiative (GRI) standards – the GRI being a worldwide standards organisation helping businesses and governments to understand, communicate and take action on sustainability issues. Reporting against GRI standards enables stakeholders to clearly understand BlueScope’s performance and approach to managing key sustainability matters.
BlueScope has a reputation for industry leading safety performance. Having improved our Lost Time Injury Frequency Rate down to 0.62, we’ve now maintained LTIFR below 1.0 for 14 years. We will never lose our focus or allow ourselves to be distracted from our relentless pursuit of zero harm.
Last year, BlueScope made a commitment to focus attention on climate change and report in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Since then we‘ve analysed how three different climate change scenarios may affect our business, and this is discussed in the report. We’ve also developed continuous improvement targets, based on our 2018 performance, for reducing greenhouse gas intensity at all three of our steel manufacturing sites. Our work has reinforced our belief in BlueScope’s resilience and confirmed the essential role steel must play in a low carbon economy.
We have continued our drive to pursue an ever-decreasing environmental footprint by directing our efforts to reducing consumption, reusing materials and recycling. This is achieved through all kinds of programs focused on efficiency, cost and waste reduction, and adoption of renewables.
BlueScope has made a statement of commitment to the UN Guiding Principles on Business and Human Rights and we’ve initiated a significant review of our supply chain to ensure all our suppliers are committed to operating to a similar set of values to those expressed in Our Bond.
In recent years we have increased the emphasis on diversity, focusing initially on improving our gender balance. In the past year, we have made significant gains across all levels of our Company.
Many of our products are now registered under the Australian environmental product declaration program which provides detailed information about their environmental performance. This can assist in determining the environmental impact of buildings and infrastructure that use those products and help earn points for Green Star building projects.
Always guided by Our Bond, we are determined to do what’s right for ourselves and our stakeholders, and that determination bolsters our resilience no matter what the challenge. We are continuing to make progress as our reporting matures, and we welcome your views and feedback at firstname.lastname@example.org.
I am inspired and excited by BlueScope’s achievements and proud to present this report. I sincerely hope you will take the time to read it, and find it informative.
Managing Director & CEO
Read and download the FY2018 Sustainability Report here.