Liuzhou Iron & Steel

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.

Liuzhoud Iron & Steel does not disclose any information regarding scope 1, 2 and 3 emissions reduction targets. Additionally, there is no evidence of the company’s corporate-level strategy to reduce scrap within its operations. The company also lacks disclosure is lacking regarding its activities related to selling or reusing co-products and waste within its operations and the upstream phases of its value chain.

Liuzhou Iron & Steel does not publicly disclose whether it has board-level oversight of climate change. Also, the company provides no evidence regarding whether its senior executives have climate-related expertise or experience or whether it has implemented executive incentives for managing the low-carbon transition. The company also fails to disclose whether it is promoting the switch to low-carbon electricity; increasing the integration of hydrogen technologies in its operations; increasing steel waste collection or scrap recyling; developing carbon capture, utilisation and storage (CCUS) solutions; or considering valorisation of by-products. The company should provide evidence of a low-carbon transition plan that is aligned with a 1.5°C pathway and report its decarbonisation actions and activities.

Liuzhou Iron & Steel has not publicly disclosed emissions intensity data for its operations over the past 3-5 years, nor has it provided total emissions and activity data necessary for emissions intensity calculations. Further, the company has not publicly disclosed its research and development (R&D) expenditure for the past three years. No company activity has been observed related to patenting of low-carbon technologies. Additionally, the company lacks quantitative data regarding its investment in low-carbon technologies, and specifically in both mature- and non-mature climate technologies.

Liuzhou Iron & Steel does not publicly disclose supplier or client engagement policies. Furthermore, there is no evidence that the company has recent and current activities in supplier or client engagement, and there is no disclosure available on the impact of such activities. Liuzhou Iron & Steel does not publicly disclose a list of trade associations it is a member of, nor whether it is a member of any trade associations that oppose climate-aligned activities. In addition to reporting supplier and client engagement strategies for emissions reduction, the company should also publish its policy on engagement with industry associations and provide evidence of a review process for its membership in these associations in case of misalignment in climate policy positions.

Liuzhou Iron & Steel does not have any disclosure regarding scope 1, 2 and 3 emissions reduction targets.

Liuzhou Iron & Steel’s lack of targets, strategy and emissions intensity data suggests that the company is not yet committed to the low-carbon transition.

The company does not sufficiently disclose its scope 1 and 2 emissions data from 2015 to 2020 to allow for a meaningful assessment of its historical emissions intensity trend.

The company did not disclose its R&D expenditure in 2022, nor how much of its R&D expenditure was dedicated to low-carbon technologies. Moreover, the company’s current business model relies on carbon-intensive fuels

Liuzhou Iron & Steel does not publicly disclose a low-carbon transition plan nor any elements related to it. It is unclear how the company plans to achieve a low-carbon transition.

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 actions to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups.
No relevant disclosure was found of the company’s assessment of employment dislocation risks. Further, no public commitment by the company was found stating its intention to reskill and upskill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company reskills and upskills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if the company identifies the impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to their 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 company policies or commitments 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 was found in the public domain. These issues include the provision of safe, secure and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making.

No company policies or commitments 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 business relationships.