Underpinned by the values and principles described in Our Bond, to BlueScope, sustainability means developing, manufacturing and selling steel products and solutions in a manner that provides for a sustainable future. This requires a focus on continuous improvement, adopting new operating methods and anticipating new products to support the future needs of a sustainable society.
Our approach to sustainability is aligned to the principles of the United Nations (UN) Global Compact and informed by the UN Sustainable Development Goals (SDGs). We address sustainability issues based on an assessment of their materiality to our sustainability performance now and in the future.
We rely on the support of our stakeholders, with whom we work hard to develop and maintain relationships. Our Bond identifies our key stakeholders: our customers, our shareholders, our people and our communities. In addition, we recognise the governments and regulatory bodies, suppliers and joint venture partners who also have an interest in the performance of our business.
In consultation with stakeholders, we have identified five sustainability topics considered most material to our business:
These topics form the foundation for BlueScope’s sustainability reporting, which follows the core option of the Global Reporting Initiative (GRI).
We continue to assess emerging issues by collecting insights from stakeholder engagement, our peers’ material sustainability topics, and media reports relating to BlueScope and the global steel industry. We categorise topics identified through the materiality assessment into two tiers:
Other sustainability topics continue to be assessed as part of our periodic materiality processes. These are addressed through specific stakeholder or local engagement initiatives, and reported on through other channels.