Tag: Environmental, social, and corporate governance

A comprehensive study evaluating steel industry sustainability across 64 Belt and Road countries shows steady progress despite persistent environmental challenges. The research identifies key obstacles including industrial value added and resource dependency as major barriers to greener transformation.

Sustainability Gains in Belt and Road Steel Industry

According to recent research published in Scientific Reports, the steel industry across Belt and Road Initiative (BRI) countries has demonstrated a steady upward trend in sustainability performance over the past two decades. The study, which analyzed data from 64 BRI nations between 2000 and 2023, reportedly found an average annual growth rate of 1.04% in sustainability levels, despite the sector remaining the largest carbon emitter among 31 manufacturing sub-sectors globally.