CSP is approved in the Equator Principles – CSP


CSP is approved in the Equator Principles

The assessment is adopted by the international financial sector to identify the environmental and social aspects of companies

Companhia Siderúrgica do Pecém (CSP) passed an external audit that assessed the plant’s compliance with the Equator Principles Financial Institutions – EPFIs in February. The verification guarantees international financial institutions that are signatory to these principles that the projects financed by them are developed in a socially responsible manner, reflecting good environmental management practices.

The audit is independent, annual and applies globally to all new financing for industrial sector projects. CSP was audited last December by the company Mott MacDonald, which issued the report with the confirmation of the result this February. The procedures were performed remotely for the first time, ensuring safety in relation to Covid-19. The evaluating body audited possible environmental, social impacts and the preventive and protective actions taken by the company.

Fighting Covid-19 and Community Relationships

Raquel Chaves, CSP’s Integrated Management coordinator, among the positive points highlighted by the auditors are the company’s efforts to face the Covid-19 pandemic. “They praised the relationship actions with the communities; donations of kits with masks and hygiene items for professionals from seven health centers in São Gonçalo do Amarante and Caucaia and the adoption of preventive care for employees”, revealed the manager.

The audit also considered CSP’s ISO 14001 recertification in October 2020 favorable, which attests to the plant’s adoption of best economic and environmental practices. “This is the sixth audit we received in the current format and the results are increasingly positive, showing CSP’s adherence to the Equator Principles. The report also informs that no CSP action was defined as high risk. The company’s shares were classified as 88% low risk and 12% medium risk”, detailed Raquel Chaves.

What are the Equator Principles?

The assessment addresses 19 guidelines. For example, socio-environmental conditions are checked; the protection of human rights and public health and community safety; the protection of cultural and archaeological heritage; the protection and conservation of biodiversity; the sustainable management and use of renewable natural resources; labor and occupational health and safety issues; socioeconomic impacts; efficient generation, transmission and use of energy; pollution controls (liquid effluents and atmospheric emissions) and management of solid and chemical residues and other aspects.

For the CSP, the audit attests to the relevance, quality and commitment of the work developed in the social field, through the Social Dialogue Program, and the environment, with the management of structured and continuous actions to protect life. These guidelines also meet the requirements of the signatory banks.

Other important certifications

In January, CSP received the ANP Local Content Certification, which qualifies the Ceará plant to supply steel plates to the Oil and Natural Gas industry in Brazil, with Petrobras. It is a market with great potential for consumption of high technology steels (HTS). In 2020, CSP developed 29 additional HTS steels, reaching 116 in total.

In 2020, other important achievements were the ISO 14.001:2015 recertification, attesting, once again, the company’s commitment to the protection of the environment and the IATF and ISO 9001 certifications. With the IATF, CSP is able to supply steel to the automotive sector, attesting to a series of internal requirements, in addition to having a premium product. ISO 9001, on the other hand, attests to the company’s quality management system, which establishes guidelines for the production of steel, aiming at making the Pecém steelmaker a world reference in safety, quality, cost, technological and sustainable development. In addition to these, the steelmaker from Ceará maintains another ten certifications.