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The Heavy industries Benchmark 2024 presents a ranking of 91 keystone heavy industries companies based on an Accelerate Climate Transition (ACT) assessment and a social assessment comprising Core Social and Just Transition Indicators.

The ACT assessments measure the companies’ degree of alignment to the low-carbon transition, in line with the 1.5°C Paris Agreement temperature goal. The social assessments measure whether the companies are transitioning in a just and equitable way.

Details of how WBA integrates the two assessments to calculate the total score can be found in the WBA Heavy industries 2024 methodology report.

Ranking overview

91 companies

Total score out of 100 ACT out of 60 Core social indicators out of 20 Just transition out of 20
1 Cemex
Total score 56.4 /100
ACT 40.6 /60
Core social indicators 14.0 /20
Just transition 1.9 /20
2 CRH
Total score 49.8 /100
ACT 37.6 /60
Core social indicators 11.0 /20
Just transition 1.3 /20
3 Holcim
Total score 47.3 /100
ACT 29.9 /60
Core social indicators 13.0 /20
Just transition 4.4 /20
4 Norsk Hydro
Total score 46.6 /100
ACT 26.5 /60
Core social indicators 17.0 /20
Just transition 3.1 /20
5 Heidelberg Materials
Total score 46.5 /100
ACT 37.1 /60
Core social indicators 7.5 /20
Just transition 1.9 /20
6 POSCO
Total score 44.5 /100
ACT 33.0 /60
Core social indicators 9.0 /20
Just transition 2.5 /20
7 Siam Cement
Total score 42.3 /100
ACT 32.1 /60
Core social indicators 9.0 /20
Just transition 1.3 /20
8 JSW Steel
Total score 41.7 /100
ACT 29.0 /60
Core social indicators 12.0 /20
Just transition 0.6 /20
9 Votorantim Cimentos
Total score 41.5 /100
ACT 36.5 /60
Core social indicators 5.0 /20
Just transition 0.0 /20
10 Asia Cement
Total score 40.3 /100
ACT 36.3 /60
Core social indicators 4.0 /20
Just transition 0.0 /20
11 South32
Total score 39.6 /100
ACT 19.0 /60
Core social indicators 10.5 /20
Just transition 10.0 /20
12 Gerdau
Total score 39.5 /100
ACT 30.1 /60
Core social indicators 7.5 /20
Just transition 1.9 /20
13 Hyundai Steel
Total score 38.2 /100
ACT 27.1 /60
Core social indicators 10.5 /20
Just transition 0.6 /20
- Vicat
Total score 38.2 /100
ACT 30.7 /60
Core social indicators 5.0 /20
Just transition 2.5 /20
15 SSAB
Total score 38.0 /100
ACT 33.0 /60
Core social indicators 5.0 /20
Just transition 0.0 /20
16 Voestalpine
Total score 36.8 /100
ACT 30.6 /60
Core social indicators 5.5 /20
Just transition 0.6 /20
17 Rio Tinto
Total score 36.6 /100
ACT 22.9 /60
Core social indicators 12.5 /20
Just transition 1.3 /20
18 thyssenkrupp
Total score 35.9 /100
ACT 27.5 /60
Core social indicators 6.5 /20
Just transition 1.9 /20
19 ArcelorMittal
Total score 35.3 /100
ACT 23.5 /60
Core social indicators 5.0 /20
Just transition 6.9 /20
20 Taiwan Cement
Total score 34.9 /100
ACT 28.3 /60
Core social indicators 6.0 /20
Just transition 0.6 /20
21 Steel Dynamics
Total score 34.8 /100
ACT 29.8 /60
Core social indicators 5.0 /20
Just transition 0.0 /20
22 JFE Holdings
Total score 33.7 /100
ACT 22.4 /60
Core social indicators 10.0 /20
Just transition 1.3 /20
23 Nucor
Total score 33.4 /100
ACT 29.9 /60
Core social indicators 3.5 /20
Just transition 0.0 /20
- Taiheiyo Cement
Total score 33.4 /100
ACT 30.3 /60
Core social indicators 2.5 /20
Just transition 0.6 /20
25 Titan Cement
Total score 33.2 /100
ACT 26.0 /60
Core social indicators 6.5 /20
Just transition 0.6 /20
26 SIG
Total score 32.5 /100
ACT 27.9 /60
Core social indicators 4.5 /20
Just transition 0.0 /20
27 Cementos Argos
Total score 31.7 /100
ACT 22.9 /60
Core social indicators 7.5 /20
Just transition 1.3 /20
28 U.S. Steel
Total score 31.4 /100
ACT 24.7 /60
Core social indicators 5.5 /20
Just transition 1.3 /20
29 Alcoa
Total score 31.1 /100
ACT 20.6 /60
Core social indicators 8.0 /20
Just transition 2.5 /20
30 Dalmia Bharat
Total score 31.0 /100
ACT 29.2 /60
Core social indicators 0.5 /20
Just transition 1.3 /20
31 Siam City Cement
Total score 30.6 /100
ACT 25.6 /60
Core social indicators 5.0 /20
Just transition 0.0 /20
32 Tata Steel
Total score 30.3 /100
ACT 22.7 /60
Core social indicators 7.0 /20
Just transition 0.6 /20
33 Salzgitter
Total score 28.6 /100
ACT 24.7 /60
Core social indicators 2.0 /20
Just transition 1.9 /20
34 China Steel
Total score 27.6 /100
ACT 23.6 /60
Core social indicators 1.5 /20
Just transition 2.5 /20
35 Nippon Steel
Total score 27.1 /100
ACT 22.3 /60
Core social indicators 3.5 /20
Just transition 1.3 /20
36 Vedanta Resources
Total score 26.7 /100
ACT 15.3 /60
Core social indicators 7.0 /20
Just transition 4.4 /20
37 Shree Cement
Total score 25.9 /100
ACT 21.9 /60
Core social indicators 4.0 /20
Just transition 0.0 /20
38 UltraTech Cement
Total score 25.8 /100
ACT 17.6 /60
Core social indicators 7.0 /20
Just transition 1.3 /20
39 Hindalco
Total score 25.2 /100
ACT 17.5 /60
Core social indicators 6.5 /20
Just transition 1.3 /20
40 Buzzi Unicem
Total score 24.8 /100
ACT 20.8 /60
Core social indicators 4.0 /20
Just transition 0.0 /20
- Kobelco
Total score 24.8 /100
ACT 20.3 /60
Core social indicators 4.5 /20
Just transition 0.0 /20
42 Boral
Total score 24.3 /100
ACT 18.3 /60
Core social indicators 6.0 /20
Just transition 0.0 /20
- InterCement
Total score 24.3 /100
ACT 19.6 /60
Core social indicators 3.5 /20
Just transition 1.3 /20
44 TPI Polene
Total score 23.3 /100
ACT 21.8 /60
Core social indicators 1.5 /20
Just transition 0.0 /20
45 NLMK
Total score 23.2 /100
ACT 13.3 /60
Core social indicators 8.0 /20
Just transition 1.9 /20
46 Rusal
Total score 21.9 /100
ACT 18.4 /60
Core social indicators 3.5 /20
Just transition 0.0 /20
47 Ternium
Total score 21.1 /100
ACT 13.2 /60
Core social indicators 6.0 /20
Just transition 1.9 /20
48 Huaxin Cement
Total score 20.9 /100
ACT 20.4 /60
Core social indicators 0.5 /20
Just transition 0.0 /20
49 Arconic
Total score 19.7 /100
ACT 11.2 /60
Core social indicators 6.0 /20
Just transition 2.5 /20
50 Evraz
Total score 18.9 /100
ACT 11.8 /60
Core social indicators 6.5 /20
Just transition 0.6 /20
51 Severstal
Total score 18.1 /100
ACT 13.6 /60
Core social indicators 4.5 /20
Just transition 0.0 /20
52 Emirates Global Aluminium
Total score 17.1 /100
ACT 10.3 /60
Core social indicators 5.5 /20
Just transition 1.3 /20
- Martin Marietta
Total score 17.1 /100
ACT 12.5 /60
Core social indicators 4.0 /20
Just transition 0.6 /20
54 Ramco Cements
Total score 15.9 /100
ACT 10.4 /60
Core social indicators 5.5 /20
Just transition 0.0 /20
- UNACEM
Total score 15.9 /100
ACT 11.9 /60
Core social indicators 4.0 /20
Just transition 0.0 /20
56 Baowu
Total score 14.5 /100
ACT 11.5 /60
Core social indicators 0.5 /20
Just transition 2.5 /20
57 Metinvest
Total score 14.2 /100
ACT 7.9 /60
Core social indicators 5.0 /20
Just transition 1.3 /20
58 Dangote Cement
Total score 13.6 /100
ACT 8.9 /60
Core social indicators 3.5 /20
Just transition 1.3 /20
59 Anhui Conch Cement
Total score 12.3 /100
ACT 10.8 /60
Core social indicators 1.5 /20
Just transition 0.0 /20
60 SAIL
Total score 11.9 /100
ACT 8.8 /60
Core social indicators 2.5 /20
Just transition 0.6 /20
61 China Shanshui Cement
Total score 11.8 /100
ACT 10.8 /60
Core social indicators 1.0 /20
Just transition 0.0 /20
- Nanjing Iron & Steel
Total score 11.8 /100
ACT 11.8 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
63 Century Aluminum
Total score 11.7 /100
ACT 7.7 /60
Core social indicators 4.0 /20
Just transition 0.0 /20
64 Maanshan Iron & Steel
Total score 11.5 /100
ACT 10.5 /60
Core social indicators 1.0 /20
Just transition 0.0 /20
65 Ansteel
Total score 11.4 /100
ACT 10.2 /60
Core social indicators 0.5 /20
Just transition 0.6 /20
66 China Resources Building Materials Technology
Total score 10.5 /100
ACT 9.9 /60
Core social indicators 0.5 /20
Just transition 0.0 /20
67 CITIC Pacific Special Steel
Total score 9.0 /100
ACT 8.0 /60
Core social indicators 1.0 /20
Just transition 0.0 /20
68 China Hongqiao
Total score 8.8 /100
ACT 7.7 /60
Core social indicators 0.5 /20
Just transition 0.6 /20
69 CNBM
Total score 8.4 /100
ACT 8.4 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
70 BUA Cement
Total score 2.6 /100
ACT 0.1 /60
Core social indicators 2.5 /20
Just transition 0.0 /20
- Shagang
Total score 2.6 /100
ACT 2.6 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
72 BBMG
Total score 2.1 /100
ACT 0.4 /60
Core social indicators 0.5 /20
Just transition 1.3 /20
- Hanwa
Total score 2.1 /100
ACT 1.1 /60
Core social indicators 1.0 /20
Just transition 0.0 /20
74 Hunan Valin Steel
Total score 2.0 /100
ACT 2.0 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
75 Shougang
Total score 1.9 /100
ACT 1.9 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
76 Tsingshan Holding
Total score 1.1 /100
ACT 1.1 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
77 CHALCO
Total score 1.0 /100
ACT 0.0 /60
Core social indicators 1.0 /20
Just transition 0.0 /20
- Hesteel
Total score 1.0 /100
ACT 1.0 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
- Xinyu Iron & Steel
Total score 1.0 /100
ACT 1.0 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
80 Guangxi Shenglong Metallurgical
Total score 0.9 /100
ACT 0.9 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
- Hebei Jingye Group
Total score 0.9 /100
ACT 0.9 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
82 Baotou Steel
Total score 0.8 /100
ACT 0.8 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
- Donghai Special Steel
Total score 0.8 /100
ACT 0.8 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
- Liuzhou Iron & Steel
Total score 0.8 /100
ACT 0.8 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
- Rizhao Steel
Total score 0.8 /100
ACT 0.8 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
- Xinhua Metallurgical
Total score 0.8 /100
ACT 0.8 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
87 Yatai Building Materials
Total score 0.3 /100
ACT 0.3 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
88 Shandong Iron & Steel Group
Total score 0.2 /100
ACT 0.2 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
89 Cemros
Total score 0.0 /100
ACT 0.0 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
- Delong Steel
Total score 0.0 /100
ACT 0.0 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
- JiuQuan Iron and Steel Group
Total score 0.0 /100
ACT 0.0 /60
Core social indicators 0.0 /20
Just transition 0.0 /20