Impact and dependencies assessment
CITIC Pacific Special Steel has not holistically assessed its impacts or how it depends on nature, including biodiversity. It has an opportunity to start such an assessment across its value chains, focused on quantification of its impacts or dependencies.
Key areas and species
CITIC Pacific Special Steel does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency.
Ecosystem conversion and restoration
No evidence was found regarding CITIC Pacific Special Steel’s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.
Resource exploitation and circularity
No evidence was found regarding CITIC Pacific Special Steel’s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets. The company does not disclose efforts to improve soil health.
Water
No evidence that CITIC Pacific Special Steel reduces water withdrawal across the company’s own operations was found. The company does not disclose a time-bound target to reduce water withdrawal across its own operations. The company does not report how much water is withdrawn for its own operations in water-stressed areas. The company does not engage with suppliers to reduce water withdrawal.
CITIC Pacific Special Steel reports a decrease in water pollution. The company does not disclose its processes for managing and monitoring discharge water quality. The company does not regularly report on water pollution. The company does not disclose targets to reduce water pollution. The company does not disclose a commitment to respect the right to water. The company does not disclose its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations.
Solid and air pollution
Although CITIC Pacific Special Steel discloses its practices of marking, tagging and tracking the bins of production platforms every day, no evidence that this practice translates to reducing the production of hazardous waste. No evidence that the company reduces plastic use and waste in its own operations was found. The company does not report on the amount of plastic waste generated and proportions directed from or to disposal.
CITIC Pacific Special Steel reports regularly on air quality parameters of emissions of harmful air pollutants. However, the company does not report time-bound targets to reduce air pollutants across the most material parts of its value chain.
GHG emissions
CITIC Pacific Special Steel does not disclose any greenhouse gas emissions, nor has it set a time-bound reduction target. The company must immediately set a reduction target aligned with the Paris Agreement’s 1.5-degree trajectory.
Invasive species
CITIC Pacific Special Steel has not identified any activities that could lead to the introduction of invasive alien species in its own operations