Algoma Steel Group Inc. Announces Release of 2024 Sustainability Report Highlighting Major Decarbonization Efforts

Reuters
06-05
Algoma Steel Group Inc. Announces Release of 2024 Sustainability Report Highlighting Major Decarbonization Efforts

Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) has announced the release of its 2024 Sustainability Report, covering the transition period from April 1 to December 31, 2024. The report highlights Algoma's progress in key sustainability areas, including advancements in enterprise risk management, business planning frameworks, and a commitment to workplace safety and community engagement. Notably, the report details Algoma's strides toward completing Canada's largest industrial decarbonization project. Once operational, the Electric Arc Furnace $(EAF)$ is expected to reduce carbon emissions by approximately 70%, establishing Algoma as a leader in green steel production. The report is prepared in alignment with the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD), emphasizing the company's dedication to transparency and accountability. The full report is available at www.algoma.com.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algoma Steel Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9463398-en) on June 04, 2025, and is solely responsible for the information contained therein.

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