CRU today announced the launch of its new sustainability division, CRU Sustainability.
CRU is bringing together all its sustainability expertise into one division and, in so doing, launching a unique service designed to give clients in the industries CRU serve, the much-needed data and insights to accelerate their journey to net zero.
Since the landmark Paris Agreement, corporates, financial institutions, and governments are facing big questions about sustainability. With the goal to keep global warming to below 2-degree Celsius this century, it is acknowledged that markets, regulation and operations need to undergo significant change. The pace of change is likely to accelerate after the UN climate conference, COP26.
With so much uncertainty around the future path of climate policy and regulation, CRU provides an independent and credible voice on how the climate policy and regulatory landscape is likely to evolve, and the wider view on what that means for corporate sustainability decisions.
At the heart of CRU Sustainability are data-led insights. Sustainability objectives now command almost universal assent but without accurate data, it is difficult to quantify and evaluate commitments. CRU Sustainability provides such systematic and comparative data on a range of metrics.
CRU Sustainability will have four focus areas: climate policy and regulation, carbon emissions and markets; the clean energy transition; and the circular economy.
The launch of CRU Sustainability is a true game changer for tackling complex decarbonisation journeys. When it comes to supporting businesses deliver their sustainability ambitions, we have all the corners covered – data, climate policy and industry expertise.
Robert Perlman Executive Chairman, CRU
CRU Sustainability will be led by Dr. Jumana Saleheen. Dr. Saleheen is currently Chief Economist for CRU Group, where she heads up economic thought leadership and global forecasting. Having worked at the Bank of England and the Federal Reserve Bank of Boston, Dr. Saleheen brings over two decades of experience to her expanded role as Head of CRU Sustainability.
“I am pleased to appoint Jumana as Head of CRU Sustainability. As Chief Economist at CRU Group, Jumana has become an important voice in the industry. Her background in policy making and data analysis makes her the ideal person for this role. CRU Sustainability will play a vital role in enabling all stakeholders in the commodity industry to take bold action, and successfully transition to a low-carbon world,” continued Robert.
CRU Sustainability is working with key market participants to ensure we meet the needs of the industry.
“Through evidence led industry analysis, pragmatic forecasting and tangible benchmarking, CRU Sustainability answers our big questions in an ever-changing sustainability landscape. Their data and insights empower us to visualise a wider view of emissions right across our value chain, which places us in a stronger position to make complex data-driven decisions and accelerate our decarbonization efforts. Trafigura is committed to supporting the transition to a low carbon future and looks forward to working with CRU Sustainability to achieve this goal,” said Richard Head, Head of Health, Safety, Environment and Communities at Trafigura Groupe Pte Ltd.
“Norsk Hydro have a set of ambitions and targets to reduce our own environmental impacts and emissions including “30 by 2030”, a 30% reduction of own CO2 emissions throughout the aluminium value chain by 2030, and also target increased share of recycled post-consumer scrap (PCS) in Hydro’s products. CRU Sustainability’s data analysis, critical thinking and deep industry insight provide additional insight for us to address complex decision-making processes in this area,” said Pål Kildemo, CFO at Norsk Hydro ASA.
CRU’s user-friendly platform has made them our go-to source for carbon emissions data. As a leader in this industry, we take our environmental role seriously and value the CRU Sustainability resource in helping better educate the world on steel industry emissions.
Lourenco Goncalves Chairman, President and CEO at Cleveland-Cliffs Inc.
Dr. Salaheen will be joining Nigel Topping, High Level Champion for Climate Action, COP26 and industry leaders at CRU’s inaugural Steel Decarbonisation Strategies Virtual Conference, on 29 June – 1 July 2021.
About CRU Sustainability
Established in 1969, CRU has a deep understanding of the industry. It has proprietary data and methodologies that have been tried and tested for over 50 years. CRU’s global footprint, closeness to the market, on-the-ground experience and vast network of contacts is what sets it apart.
CRU works with a diverse range of clients globally, spanning a variety of industries and sectors. Our sustainability team offers unrivalled business intelligence, analysis and consultancy to help existing and new clients meet their sustainability goals.
Climate Policy and Regulation, to understand and assess the policy landscape, provide a view and scenario planning, including their impact on meeting sustainability goals.
Carbon Emissions and Markets, providing visibility of direct, upstream and downstream emissions to help inform decisions and carbon reduction strategies.
Energy Transition, providing invaluable data and perspectives on the complex challenges of moving to cleaner energy.
Circular Economy, providing data insights and high-level advisory to help minimise waste and maximise the reuse of materials.