Both lawmakers and business partners now wish to see eco-balance sheets that are as comprehensive as possible. The environmental impact—and increasingly other (e.g., social) aspects as well— must be documented along the entire production and supply chain. Therefore, the utilized raw materials and pre-materials are examined under the heading of resource efficiency; in keeping with the concept of closed-loop recycling management, the focus is on reuse/recyclability and degradability.
voestalpine is working closely with strategic customers, primarily in the automotive and construction industries, in order to provide substantive and reliable LCA data. This comprehensive method of analysis makes it possible to present the advantages of steel, especially with regard to its practically unlimited service life, thus leveraging competitive advantages. The detailed collection of environmental data also provides numerous opportunities to optimize production processes as well as impetus for product innovation.
As a Life Cycle Assessment covers a wide range of issues, it requires data to be harmonized Group-wide to the greatest extent possible. To this end, various experts are involved in the divisions and at the Group level to coordinate the collection and analysis of data, for example, by implementing joint standards and tools.
However, the great diversity of laws, standards, and regulations represents a major challenge. In this area, additional effort will be needed to attain harmonization across applications, industries, and countries. By participating in various working groups, e.g., within EUROFER, voestalpine is advocating for the establishment of substantive and objective measurement criteria and uniform requirements.