JiuQuan Iron and Steel Group

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

JiuQuan has not publicly disclosed emission reduction targets for any of its scope 1, 2, or 3 emissions originating from its operations or embedded within its supply chain. Moreover, the company does not disclose its scope 1 and 2 emissions intensities. This data is insufficient to provide a meaningful assessment of its historic emissions intensity trend.

There is no evidence that JiuQuan has a low-carbon transition plan. The company should establish a time-bound action plan that outlines how it will transition to a low-carbon economy. This should include medium and long-term targets, verifiable and quantifiable key performance indicators and financial commitments. The plan should be informed by scenario analysis to ensure that the plan’s ambition is sufficient for a 1.5°C pathway. The company has not implemented board-level oversight and incentives for managing the low-carbon transition. 

JiuQuan does not disclose its investments in research and development (R&D) of low-carbon technologies. Moreover, the company does not report enough information to provide a meaningful assessment of its projected scope 1 and 2 emissions intensity according to sectoral expectations. JiuQuan could benefit from increasing the transparency of its reporting.

No evidence was found to suggest the company engages with suppliers or clients on climate change issues or GHG emissions reduction through strategies, initiatives or partnerships. Moreover, the company does not publicly disclose an engagement policy that governs industry association relations and covers the entire company and business areas. JiuQuan could increase its credibility by developing and publicly publishing a monitoring and review process to ensure its policy positions are aligned with the values of the Paris Agreement.

JISCO has not set any target to reduce its carbon emissions. The company should develop a long-term target that aligns with its 1.5°C pathway and covers its scope 1, 2 and 3 emissions. Additionally, the company should set intermediate targets at gaps of no more than five years to incentivise near-term action on longer-term goals.

JISCO’s lack of targets, strategy and emissions intensity data all suggest that the company is not yet committed to the low-carbon transition. JISCO does not disclose any emissions and/or financial data. 

Scope 1 and 2 emissions data was not sufficiently disclosed by the company from 2017 to 2022 to provide a meaningful assessment of its historical emissions intensity trend, nor locked-in emissions from its assets.

JISCO does not disclose its Research and Development (R&D) expenditure nor what percentage was dedicated to low-carbon technologies. Moreover, The company does not have a low-carbon transition plan. It does not have emissions reduction targets to focus action towards decarbonisation.

JISCO does not have/publicly disclose a low-carbon transition plan and does not intend to develop one in the near future. Further, the company does not provide information regarding emissions reduction targets. It is unclear how JISCO plans to engage with its suppliers and clients.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders. No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks. No public commitment by the company was found stating its intention to re- and up-skill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company re- and up-skills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders. No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

No policies or commitments of the company related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain. 

No evidence of the company’s policies or commitments related to key decent work issues were found in the public domain. These issues include the provision of secure, safe and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making.  

No policies or commitments of the company related to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners.