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| Overall Assessment |
Comment |
Score |
| Comprehensive |
BlueScope Steel Ltd has demonstrated a comprehensive level of transparency in disclosing its climate lobbying activities. The company explicitly names specific climate policies it has engaged with, such as the Safeguard Mechanism reforms in Australia, the Carbon Leakage review, and the Future Gas Strategy. It also highlights its involvement in the Australian Government's review of carbon leakage risks and its support for a potential Carbon Border Adjustment Mechanism (CBAM). Furthermore, BlueScope provides detailed information about its lobbying mechanisms, including one-on-one meetings, written submissions, roundtable discussions, and site visits for policymakers. Specific targets of its lobbying efforts include the Australian Federal and State governments, the New Zealand Government, and the independent Climate Change Commission. Additionally, the company collaborates with industry associations and think tanks, such as the Australian Industry Group and ResponsibleSteel™, to influence policy development. BlueScope has also been transparent about the specific outcomes it seeks, such as advocating for policies that prevent carbon leakage, incentivize decarbonization, and support investments in renewable energy and lower emissions technologies. For example, it supports the development of a CBAM to protect the competitiveness of the domestic steel industry and has sought funding for projects like the No.6 Blast Furnace reline and the Glenbrook EAF installation. These disclosures clearly articulate the company's desired policy changes and environmental outcomes, demonstrating a high level of transparency in its climate lobbying efforts.
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4
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| Overall Assessment |
Comment |
Score |
| Strong |
BlueScope demonstrates strong governance in its climate lobbying processes, particularly through its structured oversight and monitoring mechanisms. The company explicitly identifies responsible parties for climate-related governance, stating that "the Board has ultimate responsibility for overseeing BlueScope's approach to climate change action," with day-to-day management accountability resting with the "Managing Director & CEO, the Chief Executive Climate Change and Sustainability and the rest of the ELT." Furthermore, BlueScope has established a "Climate Change Council" comprising senior leaders to contribute to the development and implementation of its climate strategy, providing recommendations to the ELT, the Board, and relevant Committees. BlueScope also describes its processes for monitoring and managing alignment with climate goals, including annual assessments of industry association memberships. The company states, "Our Industry Associations Governance Standard details membership principles, and processes to assess the alignment between the public policy positions of the industry associations and BlueScope's positions. Each year, we report the findings of this assessment, including in relation to climate change and energy policy, to the Risk and Sustainability Committee (RSC) of the Board." This indicates a clear mechanism for ensuring alignment between its lobbying activities and climate goals. While the company provides robust details on its governance structure and alignment processes, it does not disclose an annual lobbying report or a comprehensive audit of its lobbying activities, which would further enhance transparency and accountability.
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3
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