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.

Catalysing change
for a secure future.

© Australasian Centre for Corporate Responsibility