Sustainability Report 2021/22

BlueScope

Sustainability Report

Managing Director and CEO's message

Our Purpose

We create and inspire smart solutions in steel, to strengthen our communities

Contents

01 A message from our Managing Director and CEO

02 Who we are and what we do

Who we are and what we do

Sustainability

at BlueScope

The future of steel

Sustainable growth and transformation

for the future.

Our Bond

Our Customers are our partners

Our success depends on our customers and suppliers choosing us. Our strength lies in working closely with them to create value and trust, together with superior products, service and ideas.

Our Shareholders are our foundations

Our success is made possible by the shareholders and lenders who choose to invest in us. In return, we commit to continuing profitability and growth in value, which together make us all stronger.

08 The future of steel

66 Governance

69 About this Report

OUTCOMES

14 Sustainable growth and transformation

22 Safe, healthy and inclusive workplaces (including our environmental performance)

Safe, healthy and inclusive workplaces

Climate action

Responsible products and supply chains

Strong communities

Governance

Our People

are our strength

Our success comes from our people. We work in a safe and satisfying environment. We choose to treat each other with trust and respect and maintain a healthy balance between work and family life. Our experience, teamwork and ability to deliver steel inspired solutions are our most valued and rewarded strengths.

Our Local Communities are our homes

Our success relies on communities supporting our business and products. In turn, we care for the environment, create wealth, respect local values, and encourage involvement. Our strength is in choosing to do what is right.

50 Responsible products and supply chains

60 Strong communities

Cover image: Two compact homes built on a steep hillside in Aro Valley New Zealand, the White House and the Black House, are clad in COLORSTEEL® Cloud and

About this Report

This Report outlines the sustainability performance of the consolidated entity ('BlueScope' or 'the Group'), consisting of BlueScope Steel Limited ('the Company') and its controlled entities for the year ended 30 June 2022. Read more on page 69.

BlueScope Steel Limited ABN 16 000 011 058

COLORSTEEL® Ebony to suit the bush setting. The White House superstructure uses 150mm steel framing and corrugated profile is used inside and out to complement the many farm buildings in the region.

BlueScope

Sustainability Report

Managing Director and CEO's message

Who we are and what we do

Sustainability

at BlueScope

A message from our Managing Director & CEO

BlueScope's FY2022 Sustainability Report features our achievements during

the year as we continue our sustainability journey. Our commitment to, and action on, sustainable development was recognised by worldsteel naming BlueScope a Sustainability Champion for 2022. And, as our HSE Evolution program continues,

it was named a joint winner of worldsteel's Safety and Health Excellence Recognition in Leadership and Culture for 2021.

The future of steel

Sustainable growth and transformation

Safe, healthy and inclusive workplaces

Climate action

Responsible products and supply chains

We are delighted that the Port Kembla Steelworks and associated sites in the Illawarra region of New South Wales have been granted ResponsibleSteelTM certification - the first steelmaker in Asia Pacific to be certified and the fourth globally.

As the Steelworks approaches its 100-year anniversary in 2028, we are looking towards its low-carbon, modern manufacturing future. In pursuit of this, we are investigating a range of initiatives to ensure that this important facility can deliver strong returns to the business, and the local community,

for the next 100 years.

We are proud to have become a signatory to the United Nations Global Compact (UNGC), recognising our commitment to human rights and good labour practices, to protecting the environment and to work against corruption. In joining the UNGC, we commit to make its ten principles part of our culture and the way we work every day. In addition, this

year we updated our Human Rights Policy to enshrine further protections for our people and those we work with.

steelmaking sites, and the establishment of BlueScope Recycling and Materials during the year helps us improve the quantity and quality of scrap. Through innovations in product development we are responding to customers' increasingly stringent demands for products with higher levels of sustainability performance.

As you read our FY2022 Sustainability Report, you will discover the many ways BlueScope people live Our Purpose, every day:

'We create and inspire smart solutions in steel, to strengthen our communities for the future.'

The Port Kembla Steelworks and associated sites in the Illawarra region of New South Wales have been granted ResponsibleSteelTM certification - the first steelmaker in Asia Pacific to be certified, and the fourth globally. This independent, third-party certification demonstrates the sites' sustainability and climate credentials and ability to manage supply chain risks, and reflects the quality of our operations and how we engage with customers, suppliers, employees and our communities.

Strong communities

Governance

About this Report

Across the steel value chain we are seizing opportunities to further contribute to the circular economy. Where possible, we are adopting technologies to use more scrap feed at our

Mark Vassella

Managing Director & CEO

Sustainability

C H A M P I O N

2022

BlueScope is proud to be named a worldsteel Sustainability Champion for 2022, in recognition of our work during the last year and the way we demonstrate our commitment to, and action on, sustainable development.

01

BlueScope

Sustainability Report

Who we are and what we do

Managing Director and CEO's message

Who we are and what we do

Sustainability

at BlueScope

The future

BlueScope is a leader in metal coating and painting for building and construction. Our 15,7001 people in 18 countries manufacture and market a wide range of branded products that include pre- painted COLORBOND® steel, metallic coated ZINCALUME® steel and the LYSAGHT® range of building products.

Buildings and Coated Products North America is a leading supplier of engineered building solutions to industrial and commercial segments. Based on speed of construction and low total cost of ownership, its leading brands include BUTLER® and VARCO PRUDEN®. This segment includes the BlueScope Properties Group, which develops Class-Aindustrial properties (such as warehouses and distribution centres). BlueScope Coated Products, acquiredin June 2022, is the second largest metal painter in theUS, withtotal capacity of about 900,000 tonnes per annum across seven facilities, predominantly serving the construction segment.

BlueScope is the only integrated steel producer in New Zealand, using locally-sourced ironsands to produce a range of flat and long steel products for domestic and export use. The New Zealand and Pacific Islands business has facilities in New Zealand, Fiji, New Caledonia and Vanuatu.

of steel

Sustainable growth and transformation

Safe, healthy and inclusive workplaces

Climate action

Responsible products and supply chains

Strong communities

Governance

About this Report

BlueScope is Australia's largest steel manufacturer. Australian Steel Products manufactures and distributes flat steel products, with a key focus on higher value, branded products for the building and construction industry.

North Star BlueScope Steel is a low-cost hot rolled coil producer in the US, serving the automotive and construction industries. It operates at industry leading utilisation rates and is strategically located in Delta, Ohio, in a key scrap-rich area near its customers. BlueScope Recycling and Materials, acquired during the year, is a full-service, ferrous scrap metal recycler with one of its two processing facilities adjacent to our North Star BlueScope Steel facility. In August 2022,

a third ferrous scrap processing site was acquired.

Building Products Asia and North America has an extensive footprint of metallic coating, painting and steel building product operations across China, India and ASEAN. Its coating and painting assets on the west coast of the US serve the non- residential construction industry.2

  1. Includes BlueScope operations acquired in FY2022 which now form part of BlueScope Recycling and Materials, and BlueScope Coated Products.
  2. BlueScope has interests in a number of joint ventures (JVs). The most substantial are in partnership across ASEAN and the west coast of North America with Nippon Steel Corporation (NSC), and in India with Tata Steel. Both are 50:50 joint ventures with BlueScope controlling and therefore consolidating the joint venture with NSC (NS BlueScope Coated Products), and jointly controlling and therefore equity accounting the joint venture with Tata Steel (Tata BlueScope Steel).

China

South East Asia NorthAmerica

Australia

New Zealand & Pacific Islands

KEY

RAW MATERIALS

UPSTREAM

MIDSTREAM

DOWNSTREAM

Recycling

Steelmaking

Metal coating

Long products

Steel building materials

Steel buildings

(scrap metal)

(flat products)

and painting

(rebar, wire)

and components

and systems

02

BlueScope

Sustainability Report

Creating strength along the steel value chain

Managing Director and CEO's message

Who we are and what we do

Sustainability

at BlueScope

The future of steel

RELIABLE, RESPONSIBLE

AND LOCAL SOURCING

Quality inputs from predominantly local suppliers. Engagement and collaboration supports responsible practices

SAFE, HEALTHY AND INCLUSIVE WORKPLACES

Creating an inclusive culture, protecting human rights and supporting the health, safety and wellbeing of our people

RESOURCE EFFICIENCY AND STEWARDSHIP

Manufacturing excellence and responsible operations deliver climate action and protect shared resources

Guided by the values of Our Bond and the intent of Our Purpose, our contribution to sustainability extends beyond our own operations and includes the way we source materials, engage with all those we do business with and support our local communities.

TRANSFORMATION

AND STRENGTH

Optimising our operations, investing wisely and building our capacity to deliver value

Sustainable growth and transformation

Safe, healthy and inclusive workplaces

Climate action

Responsible products and supply chains

Strong communities

Governance

About this Report

ENGAGED

COMMUNITIES

Supporting local employment and supply, contributing responsibly and protecting the environment

ENDURING

SOLUTIONS

Long-lasting, resilient and recyclable products support the circular economy

INDUSTRY COLLABORATION

STRONG GOVERNANCE

CUSTOMER-LED

VALUED CO-PRODUCTS

Working with industry partners to

Robust governance mechanisms

Working with customers to create

Converting production waste

address shared challenges, drive

and transparency

and inspire innovative and

into value-added inputs for

innovation and share knowledge

enduring solutions that support

other sectors, displacing raw

sustainable development

material consumption

03

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Bluescope Steel Limited published this content on 12 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 September 2022 23:09:04 UTC.