In Race to Net Zero, Being Small or Diverse Foils Metal Makers
- BNEF scores decarbonization risks and readiness for producers
- Australian iron miner, Russian steelmaker among low performers
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A look at the underachievers in a new decarbonization ranking of metal producers shows size, location and metal type all matter, while diversification has its downside.
The worst performers among 53 major metal companies ranked for risks and readiness in a net-zero emissions scenario were an Australian iron ore miner and steelmakers from Russia and India, according to a BloombergNEF rating. Top scorers -- such as Norsk Hydro ASA and ArcelorMittal SA -- were large companies focused on one product and one segment.