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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.