Shagang

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

Shagang has not publicly disclosed emissions reduction targets for any of its emissions originating from its operations or its supply chain. The company should develop a long-term target that aligns with a 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. There is no evidence that Shagang discloses its carbon dioxide emissions from 2017 to 2022. To demonstrate commitment to a low-carbon transition, companies should disclose at least five years of historic emissions data.

Shagang does not publicly disclose whether it has board-level oversight of climate change. Also, it provides no evidence of board members having climate-related expertise or of the incentives it gives to executives for managing the low-carbon transition. The company should provide evidence of a low-carbon transition plan that is aligned with a 1.5°C pathway or other evidence of transition planning. Moreover, Shagang does not describe whether it has conducted climate change scenario analysis to inform its transition plan or business strategy. The company also does not disclose the proportion of its revenue from low-carbon products or services.

Shagang has not publicly disclosed its R&D expenditure for the past three years, nor the proportion invested in low-carbon technologies. No evidence was found that Shagang has commitments to reduce scrap in its operations. The company should develop a comprehensive plan for scrap reduction with quantitative targets and a timeline. It should also detail its method for implementing this plan. Moreover, there is no evidence that Shagang carries out interventions within its value chain to reduce emissions for purchased products or materials.

Shagang does not publicly report a supplier engagement strategy. The company should provide clear guidance to its suppliers on how it expects them to align with the low-carbon transition. Moreover, the company has not implemented a strategy to influence clients to reduce their emissions. In addition, there is no evidence that Shagang publicly publishes an action plan detailing its response when alliances, associations, coalitions or think tanks it is a member of take a climate-negative stance.

Shagang does not have a low-carbon transition plan. It does not have emissions reduction targets and strategies for supply chain engagement to focus action towards decarbonisation.

Shagang’s lack of targets, strategy and emissions intensity data all suggest that the company is not yet committed to the low-carbon transition.

The company has not sufficiently disclosed its scope 1 and 2 emissions data from 2017 to 2022 to allow for a meaningful assessment of its historical emissions intensity trend. Moreover, the company has not implemented a low-carbon transition plan and does not provide information regarding emissions reduction targets.

Shagang does not disclose its overall R&D investments nor the proportion of these investments dedicated to low-carbon technologies. Moreover, the company does not disclose its low-carbon revenues.

Shagang states that it is committed to a low-carbon transition. However, it does not specify details on emissions reduction targets and a low-carbon transition plan. It is unclear how the company plans to achieve its objectives.

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.