Steel is an emission intensive commodity widely used in society and responsible for 7-9% of global greenhouse gas emissions. Decarbonisation of the steel industry is crucial to the overall green transition. As global steel demand is projected to increase by 40% by 2050, the need for a rapid decarbonisation of the industry is pressing.
The decarbonisation of the steel industry poses both risks and opportunities for investors. There is overhanging regulatory risk and at the same time a strong need for financing of emerging technologies.
8:45 Welcome and introductions
- Steel decarbonisation: Changes in steelmaking technologies and future competitiveness of steel companies. Timo Fabritius, Professor in Process Metallurgy, University of Oulu & Harri Lammi, Head of Environmental projects, Tiina and Antti Herlin Foundation
- Phasing-out coal in steelmaking: How to build strong sectoral policies for metallurgical coal and steel. Cynthia Rocamora, Industry Campaigner, Reclaim Finance
- Investor perspective on steel decarbonisation and lessons learnt from engaging with steel producers. Victoria Lidén, Senior Sustainability Analyst & Head of Corporate Governance, Storebrand Asset Management
- Financing the green transition: infrastructure investments needed to enable decarbonisation of steel production. Johan Tiselius, Fund director and Head of Sustainability, Infranode
10:40 Panel Discussion: How financial institutions can support steel decarbonisation.
- Victoria Lidén, Senior Sustainability Analyst & Head of Corporate Governance at Storebrand Asset Management
- Martin Norman, Investor Engagement Lead at ACCR
- Bernt Nordman, Head of Climate program at WWF Finland
11:15 Lunch & Continued discussions
The programme will be facilitated by Outi Helenius (Security Trading) and Teresa Platan (Storebrand Asset Management).