Algoma Steel Group Inc. released its 2024 Sustainability Report, covering the nine-month transition period from April 1 to December 31, 2024. The report aligns with the company's new calendar fiscal year and industry peer reporting.
The report highlights Algoma's progress in key sustainability areas, including advancements in enterprise risk management and integrated business planning frameworks. It also reinforced the company's commitment to workplace safety, inclusion, and community engagement.
A central theme of the report is the significant strides made toward completing Canada’s largest industrial decarbonization project, the Electric Arc Furnace (EAF). Once operational, the EAF is expected to reduce carbon emissions by approximately 70%, positioning Algoma as a Canadian producer of green steel.
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