Formerly known as Nippon Steel & Sumitomo Metal Corporation, the company has four main business segments: Steel manufacturing, engineering, chemicals and system solutions. A steel manufacturer reliant on coal-based blast furnaces, steel manufacturing is the dominant source of Nippon’s greenhouse gas emissions

Alongside institutional investors and civil society organisations based across Europe and Japan, ACCR has engaged with Nippon Steel since 2023 on its decarbonisation measures, remuneration incentives and corporate policy advocacy. Our 2024 lobbying proposal, co-filed with Legal and General Investment Management, received the largest vote of support recorded by a climate lobbying proposal in Japan (27.98%).

Details of Nippon Steel’s announced steel and iron decarbonisation projects, which feature in ACCR’s global coverage of the steel sector’s emission reduction efforts, can be found here.

5th June 2025

Nippon Steel’s growing ambition a win for investors

Nippon Steel Corporation announced a US$6.05 billion (¥868.7 billion) investment in electric arc furnace (EAF) technology for green and low-carbon steelmaking.

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19th May 2025

Steelmakers face crunch-time on coal: critical risks in blast furnace relining decisions

As the steel sector approaches a decisive decade for blast furnace investment, investors have a critical role to play in ensuring capital is aligned with credible transition pathways.

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14th May 2025

Shareholders drive increased transparency on lobbying at Nippon Steel Corporation

ACCR is commenting on Nippon Steel Corporation’s recent publication of new disclosures relating to its lobbying.

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29th August 2024

Back to the Future 2: Japanese steelmaker Nippon Steel commits to coal-fired steel in USA for decades

Nippon Steel Corporation (NSC) will invest in extending the production life of a coal-dependent, carbon-intensive blast furnace currently operated by U.S. Steel.

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22nd August 2024

Back to the future: Japanese steelmakers Nippon Steel and JFE Steel buy into Australian coal mine

Nippon Steel Corporation (NSC) and JFE Steel (JFE) have collectively bought 30% of Whitehaven Coal’s Blackwater metallurgical coal mine in Queensland, Australia.

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19th July 2024

Ahead of the game: investor sentiment on steel decarbonisation

ACCR commissioned a survey of investor sentiment - surveying 500 investors based in Australia, the United States, as well as countries across Asia and Europe, each with investments in steelmaking, iron ore and/or metallurgical coal mining.

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25th June 2024

Nippon Steel: shareholders deliver Japan’s largest ever vote in support of climate lobbying resolution

Investors in the world’s fourth largest steelmaker have shown significant support for three climate-related shareholder proposals.t the annual general meeting (AGM) in Tokyo.

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21st June 2024

Shareholders vote for improved climate strategy at Nippon Steel’s AGM

Investors in Nippon Steel Corporation (NSC) have shown support for three shareholder proposals at the annual general meeting (AGM) in Tokyo.

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21st May 2024

Shareholder proposals to Nippon Steel Corporation on climate targets, executive compensation and climate lobbying

ACCR has co-filed three shareholder proposals to Nippon Steel Corporation on climate targets, linking executive compensation to emissions reduction targets and enhancing climate lobbying disclosures.

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21st May 2024

Global asset managers back shareholder proposals urging Nippon Steel to lead on steel decarbonisation and climate lobbying

ACCR, alongside Corporate Action Japan (CAJ) and Legal & General Investment Management (LGIM), have today announced the co-filing of a set of three shareholder proposals to Nippon Steel Corporation.

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8th April 2024

Investor handbook: Engaging with the steel sector

This handbook aims to support investors in company engagement, a key tool to drive value and enable emissions reductions in the steel sector.

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6th March 2024

Forging pathways: insights for the green steel transformation

Across every stage of the value chain, companies are taking advantage of advancements in technology to enable less carbon intensive steelmaking.

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16th May 2023

Investors applaud Nippon Steel, as world’s fourth largest steel company takes strides towards green steel

A group of investors in Nippon Steel Corporation has welcomed the company’s concrete steps towards achieving its decarbonisation targets.

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