This Dividend Aristocrat Is an Under-the-Radar ESG Stock
There has been a growing interest in environmental, social, and governance (ESG) investing in recent years. Companies are focusing on environmental sustainability through recycling and more use of renewable energy on a path toward zero net emissions.
Many people likely think that the steel industry operates in a way that would be contradictory to those goals. But the largest recycler in North America -- of any material -- is leading steel company Nucor (NYSE: NUE). And the company is much further along with other sustainability initiatives than investors might realize.
Nucor's electric arc furnaces (EAFs) recycle scrap steel to make new steel. Image source: Nucor.
Source Fool.com
