Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economy
• Environment
• Society
• Governance

Environmental Achievements

• Fulfil energy conservation and emission reduction objective of “the 11th Five-year Plan” ahead of schedule
• Reduced SO2 and COD emissions compared to previous years.
• Reduced energy consumption per RMB 10,000 output compared to previous years.

Social Achievements

• Issued the first developed country report Sustainability Australia Report and won UNGC China Network “Model Report Award”
• Actively carried on social public welfare donations
• Participated in disaster relief

Governance Achievements

• Established “Leading Group of Risk Management and Audit”
• Further improved the risk management system
• Further strengthened internal audit and efficiency supervision

Climate Goals & Targets

Environmental Challenges

• Global financial crisis and market decline
• Supply chain disruptions
• Environmental challenges related to mining and smelting operations

Mitigation Strategies

• Developed alternative sourcing strategies
• Improved safety systems and procedures
• Implemented environmental protection measures across various stages of operations

Supply Chain Management

Responsible Procurement

• Standardize supplier management and tender operation
• Further promote green purchasing

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI (2006), 国务院国资委《关于中央企业履行社会责任的指导意见》, 中国社科院经济学部社会责任研究中心《中国企业社会责任报告编制指南》

Awards & Recognition

• Ranked in Fortune 500
• The First Prize of the 16th National Enterprise Management Innovation Achievement
• The Enterprise with the Most Sense of Social Responsibility on the 6th Global Cooperate Social Responsibility Forum: China
• 2009 "China Charity Award"
• 2010 China · Corporate Social Responsibility Excellent Enterprise Award
• Global Compact Network China “Model Report – Outstanding Innovation Award”

Environmental Metrics

ESG Focus Areas

• Low-carbon technologies
• Digital transformation
• Green and low-carbon transformation
• Safety
• Talent cultivation
• Supply chain sustainability

Environmental Achievements

• Developed and implemented various low-carbon technologies, including hydrogen-enriched carbon recycling blast furnace, aiming for a 30% reduction in carbon emissions by 2025.
• Developed technologies to reduce CO2 emissions by more than 500,000 tons compared to conventional BF ironmaking.
• Developed pre-charged electrostatic fabric filter technology for ultra-low emission of fine particles.
• Developed bag filtering technology and equipment for ultra-low emission of flue gas from sintering machines.
• Developed comprehensive steel slag recycling technology.
• Utilized biomass straw in metallurgical auxiliary materials, reducing carbon emissions and promoting resource utilization.
• Achieved low-energy-consumption sintering by optimizing conventional processes.

Social Achievements

• Developed interactive safety education and training system platform.
• Developed PPE and smart cloud management R&D system for occupational health.
• Improved talent cultivation and cooperation with research institutes and universities.

Governance Achievements

• Established a digital standard system for digital delivery.
• Implemented smart safety management via VR experience, intelligent management and control, functional supervision, quantitative assessment, and visualization.

Climate Goals & Targets

Environmental Challenges

• High energy and material consumption in conventional steel production.
• Severe environmental pollution from steel production.
• Low resource utilization efficiency.
• High production costs.
• Complex production process with challenges in overall optimization.
• High labor dependency leading to quality inspection efficiency control and precision issues.
• Serious resource waste due to overcapacity.
• Lack of insight leading to unmarketable products.
• High costs for R&D due to protracted product development cycles.
• Fluctuating raw material costs.
• Mismatch between the level of green development and the needs of the ecological environment.

Mitigation Strategies

• Digital transformation to improve efficiency, reduce costs, and enhance green and safe development.
• Development and implementation of low-carbon technologies.
• Development of a digital twin platform for efficient resource allocation and project management.
• Investment in R&D for sustainable innovation.
• Automation and intelligence to improve cost management.
• Improved talent cultivation and cooperation with research institutes and universities.
• Implementation of smart safety management and control platform.
• Development of hydrogen-rich carbon recycling blast furnace technology.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and low-carbon technologies.

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 13 (Climate Action)

Initiatives contribute to these goals through low-carbon technologies, digital transformation, and sustainable resource management.

Sustainable Products & Innovation

• Hydrogen-enriched carbon recycling blast furnace
• Traveling grate pelletizing equipment
• Intelligent sintering control system
• Metallurgical auxiliary materials from biomass straw

Awards & Recognition

• First and second prizes of 2020 National S&T Progress Awards
• 2019 Environmental Protection Science and Technology Awards
• 2018 National Advanced Pollution Prevention and Control Technology Catalogue
• 2017 Environmental Protection Science and Technology Awards
• National Quality Engineering Award (multiple)
• Fastmarkets Global Performance Excellence Award (shortlisted)