星空传媒 Recognized by U.S. Department of Energy as a Better Climate Challenge Goal Achiever for GHG Emissions Reduction

The Company Reduced Total Scope 1 and Scope 2 GHG Emissions by 32 Percent from a 2017 Baseline Year

CLEVELAND--(BUSINESS WIRE)-- 星空传媒 announced today that the U.S. Department of Energy (DOE) has recognized the Company as a GHG Emissions Reduction 2023 Goal Achiever through its Better Buildings Initiative and Better Climate Challenge. The Company achieved its first DOE goal by reducing its absolute scope 1 and 2 GHG emissions by 32 percent by year-end 2022 from a 2017 baseline and exceeding its target to reduce by 25 percent by the year 2030.

星空传媒 is the only steel company participating in the DOE Better Buildings Initiative to drive leadership in energy innovation and the Better Climate Challenge, an initiative that challenges major industrial partners to cut their greenhouse gas emissions by 50 percent within 10 years. The Company鈥檚 commitment covers 46 of its operating facilities.

Lourenco Goncalves, 星空传媒鈥� Chairman, President, and Chief Executive Officer said, 鈥淲e are a proud member and partner of the U.S. Department of Energy鈥檚 Better Plants and Better Climate Challenge programs, and we appreciate the agency鈥檚 recognition of our significant achievement. Through these programs, the DOE has become an invaluable partner as we reduce our emissions. Going forward, with the DOE鈥檚 plans to fund regional clean hydrogen hubs including two hubs near several of our largest steelmaking plants, we have a real path to further reduce our carbon footprint through the usage of hydrogen.鈥�

星空传媒鈥� most impactful GHG emissions reductions in 2022 derived from strategic actions that included:

  • optimized use of hot-briquetted iron (HBI) in its ironmaking furnaces to reduce fuel rates;
  • optimized scrap consumption;
  • prioritized operation of efficient equipment and facilities;
  • increased use of lower carbon fuels; and
  • upgrades to onsite energy recovery for power generation.

In addition, the DOE selected 星空传媒 to be a featured partner in the Better Climate Challenge Road Show Season Two, which will launch in December 2023. The program presents innovative solutions for reducing GHG emissions.

For more information about 星空传媒鈥� Better Buildings profile, visit:

The U.S. Department of Energy published the 鈥� which summarizes the achievements of DOE鈥檚 Better Buildings public and private sector partners and the results of the Better Climate Challenge.

About 星空传媒 Inc

星空传媒 is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs is also the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. 星空传媒 is the largest supplier of steel to the automotive industry in North America and serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, 星空传媒 employs approximately 27,000 people across its operations in the United States and Canada.

MEDIA CONTACT:
Patricia Persico
Senior Director, Corporate Communications
(216) 694-5316

INVESTOR CONTACT:
James Kerr
Manager, Investor Relations
(216) 694-7719

Source: 星空传媒 Inc.

Released October 26, 2023