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Econiq

Helping steel purchasers solve their sustainability challenges

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ACHIEVE YOUR SUSTAINABILITY GOALS WITH CERTIFIED SUSTAINABLE STEEL

Econiq™ is the world’s first net-zero carbon steel at scale and a certified low-embodied carbon steel solution, introduced to offer steel consumers a portfolio of certified products to achieve their sustainability goals. The Econiq certification can be applied to all of Nucor’s steel and fabricated steel products – the most comprehensive in the U.S. market.

1. What is net zero?

   Net zero means that any GHG emissions released into the atmosphere are balanced by an equivalent amount being removed.

1. What emissions does Econiq address?

   Econiq certification addresses Scope 1 and Scope 2 emissions. Scope 1 refers to direct emissions from the steelmaking process. Scope 2 refers to indirect emissions from generation of the energy we use. Econiq is made using 100% renewable energy (Scope 2), with Scope 1 emissions eliminated through the purchase of carbon offsets.

1. What products can be Econiq certified?

   The Econiq certification can be applied to any steel product within the Nucor family. It signifies that the steel is produced with 100% renewable energy to offset Scope 2 emissions and that Scope 1 emissions are countered through the purchase of carbon offsets.

Sustainability Drives Decision-Making

Sustainability drives the business decisions of leading companies around the world. Nucor is committed to reducing its GHG emissions and driving sustainability through innovation.

Our Commitment to Sustainability

Econiq

NEXT-LEVEL SUSTAINABILITY

The green economy is being built on steel, and the steel it’s made from matters. Our customers demand clean, advanced steel products. With Econiq, they can be confident they are buying the lowest emissions steel available at scale.

Net Emissions

100

FAQs

1. WHAT IS LOW-EMBODIED CARBON STEEL?

   Embodied carbon is the greenhouse gas emissions associated with the upstream stage of a product’s lifecycle – raw materials, manufacturing, and transport – also known as cradle-to-gate. Low-embodied carbon steel is steel produced with low cradle-to-gate carbon emissions.

2. WHAT EMISSIONS DOES ECONIQ ADDRESS?

   Econiq certification can be used to address Scopes 1, 2 and/or 3 based on your sustainability goals.

3. WHAT ARE SCOPES 1, 2, AND 3 EMISSIONS?

   Scope 1 refers to direct emissions a company’s operations. Nucor’s Scope 1 comes from the steelmaking process. Scope 2 refers to emissions from purchased electricity generation. Scope 3 emissions refers to emissions attributed to the upstream and downstream operations of a company. For Nucor, Scope 3 emissions are created primarily through the raw materials required in our steelmaking operations.

4. How is net-zero achieved with Econiq?

   We achieve net-zero on Econiq steel products by using electricity from 100% renewable and/or carbon-free sources (to offset Scope 2 emissions) and by purchasing high-quality carbon offsets (to offset Scope 1 and/or 3 emissions).

5. HOW ARE WE ADDRESSING SCOPE 1 EMISSIONS?

   We are currently offsetting all Scope 1 emissions on Econiq certified products through the purchase of high-quality carbon offsets. At the same time, we are actively exploring multiple technologies and processes to reduce our Scope 1 emissions across all products.

6. How are we addressing Scope 2 emissions?

   Depending on the producing facility, Nucor uses carbon-free electricity from purchased power agreements and other purchased renewable electricity to balance our Scope 2 emissions.

7. HOW ARE WE ADDRESSING SCOPE 3 EMISSIONS?

   We are currently offsetting all Scope 3 emissions on Econiq certified products through the purchase of high-quality carbon offsets.

8. HOW DOES ECONIQ HELP STEEL PURCHASERS MEET THEIR SUSTAINABILITY GOALS?

   When steel purchasers buy Econiq, they reduce their own Scope 3 emissions and the products they make have a certified low or zero carbon footprint related to the (Econiq) steel they are made with. Additionally, Econiq CP provides a lower-embodied carbon solution for certified projects.

9. WHAT PRODUCTS CAN BE ECONIQ CERTIFIED?

   The Econiq certification can be applied to any steel product within the Nucor family, as well as to any steel construction project utilizing Nucor’s steel products.

10. How can I buy Econiq steel?

    Econiq is available through all of Nucor’s existing sales channels. Please contact your Nucor sales representative for more information about Econiq.

11. HOW DOES ECONIQ CP WORK?

    We track the carbon associated with all of our steel, including the steel that goes into our downstream fabricated steel products. Due to the breadth of our products on a project, Nucor can certify a project as having lower embodied carbon as compared to industry average data.

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