CSR and Diversity in the Steel Industry

Abstract

CSR and diversity have become an important subject in the steel industry, and increased efforts were made with early initiatives. The article will explore how the different initiatives are visible and influence the CSR implementation within different steel companies. The analysed steel companies belong to the top 20 steel producers in the world and represent a wide range of countries. It will show how individual steel companies are implementing the CSR principles in their operative business. In particular, this article comments on what steel companies are doing in terms of their CSR and diversity policies. The analyses of the top steel producers in the world show both similarities as well as differences in relation to CSR actions and measures. The chosen examples show a relevant extract of numerous CSR measures of each individual steel company. It is obvious that the concept of CSR is firmly rooted on the global steel business agenda. The analysed steel companies implemented reliable indicators of progress in the field of CSR and diversity, along with the dissemination of CSR strategies. Nevertheless, we also noted significant differences between the companies in relation to the focus on CSR and diversity.