It is our stated intention to reduce our carbon intensity by 2030 by 25% (from a 2018 baseline of 2.90 tonnes of carbon dioxide (tCO2e) per tonne of crude steel) to 2.16 tCO2e/t crude steel, and 86% by 2050 to 0.40 tCO2e/t crude steel. To this end, we have released a Decarbonisation Roadmap, detailing our ambitions and actions envisaged, planned and being developed.

In 2023, we:

• Progressed the development of a 200 megawatt embedded solar installation at Vanderbijlpark
• Signed a first solar power purchase agreement, expected to come online in Q3 2025
• Advanced plans to increase our use of scrap, which will be of cardinal importance once Vanderbijlpark is converted to operate on a single blast furnace.