Wednesday, May 6, 2020

Blue Scope Steel for Sound Investment-

Question: Discuss about theBlue Scope Steel for Sound Investment. Answer: Case study Blue Scope Steel Key environmental issues faced by Blue Scope Steel The process of manufacturing of steel generates various types of by products with various chemical compound structures. Some of these materials are dangerous to the environment based on their toxic nature, excessive use of water, air pollution as well as noise. Key resources used by the company Blue Scope Steel The organization based on its desire to achieve maximum environmental safety operate has three main resources as follows: Recycling of used steel Recovered steel Scrap steel Blue Scope efficiency gain from better work practices BlueScope can gain some efficiency through partnerships and working with a number of various organizations, government authorities and non-governmental organizations to support and improve resource efficiency and increase business sustainability (Burrows, Masouman Harvie, 2015). The organization can therefore achieve resource efficiency by focusing on the following areas key areas; through reduction of water usage together with energy usage, reduction in trading activities and prescribed industrial waste and through illustration of leadership as well as life cycle approaches. Measure and record of current usage of resources by Blue Scope Steel The organization measure and records the usage of their resources based on the quantity recycled. Through the established scrap market, Blue scope steel was able to obtain steel waste material for reuse and recycling and the organization during the FY2012 was able to source from the market and recycle over 1.14 million tons of steel leading to reduced environmental pollution. This was the total resource used in form of raw materials by the organization. How blue scope was able to implement waste reduction The organization was able to implement steel manufacturing waste control upon the discovery that almost 100% of steel are recyclable. Due to the recyclable nature of the steel, blue scope have been able to recycle most of the by products into valuable materials (Manincor, 2014). Various materials released during steel manufacturing are reused within iron as well as steel making or supplied to other companies for industrial use. The company also achieved waste reduction implementation through exploration of new opportunities for reusing materials as well as recycling of by-product materials. This market has resulted into various used steel products brought back into the company for further reuse and recycling. BlueScope steel was able to exploit the ability to of steel to last for a long life and have since made various products which last for several years without being disposed to the environment where steel products used for building can between 20 to years, industrial power plant steel can last for 40 years, machinery can last for 30 years and rails for about 20 years among other lifelong steel products. Moreover, BlueScope steel was able to implement steel manufacturing waste control implementation base on the magnetic nature of steel. This nature makes steel basically easy to separate from other waste streams leading to higher rates of recovery than other comparable materials (Yellishetty, Ranjith Tharumarajah, 2010). BlueScope steel had perfect waste management strategies which was based on principles thereby achieving waste control implantation. Environmental standard and the impact of laws and regulations that applies to Blue Scope and how it was implemented The organization works in line with environmental standards and which require conduction of business in a sustainable environment. The operations of the organization are aligned to support the environment and demonstrate a sound environmental performance (Yellishetty, Ranjith Tharumarajah, 2010). The organization works under strict policies: clearly outlined responsibilities and accountability, use internal and external expertise as well as development, implementation and maintaining standards and systems. Implementation The standards were implemented through the following set of rules: Every employee of the organization must adhere to the environment Through reports, investigations and correction of environmental incidents Training of all employees on timely communication on matters of environment Environmental performance improvement and management responsibilities References Burrows, S., Masouman, A., Harvie, C. (2015). Regional Economic Impacts of a Closure of BlueScope Steel Operations in Port Kembla. de Manincor, J. (2014). A sound investment. Steel Profile, 1(118), 12-17. Yellishetty, M., Ranjith, P. G., Tharumarajah, A. (2010). Iron ore and steel production trends and material flows in the world: Is this really sustainable?. Resources, conservation and recycling, 54(12), 1084-1094.

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