Maanshan Iron & Steel

No leading practices were identified for the company in the governance and strategy area.

Solid and air pollution

Maanshan Iron & Steel discloses the amount of hazardous waste and those that are utilized and disposed of. The company discloses its adoption of reusable plastic for repainted products in order to reduce the use of materials.

No leading practices were identified for the company in the social inclusion and community impact area.

Sustainability strategy and accountability 

Maanshan Iron & Steel discloses its process for identifying and prioritising its most relevant sustainability impacts as well as the outcome of this process, in relation to its sustainability strategy. While the company mentions its Board of Directors setting work objectives for ESG, it is unclear what exactly these targets are for each sustainability topic in the upcoming years.  

No evidence was found that Maanshan Iron & Steel links performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. The company does not disclose whether its highest governance body has expertise regarding nature-related topics. 

Stakeholder engagement 

Maanshan Iron & Steel discloses an overview of the issues raised during its stakeholder engagement activities. The company does not disclose its process for engaging with stakeholder groups beyond its materiality assessment. 

Lobbying 

Maanshan Iron & Steel does not report on its lobbying and advocacy practices on nature-related issues, nor whether these activities align with its sustainability strategy. 

Impact and dependencies assessment 

Maanshan Iron & 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 

Maanshan Iron & 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 the company’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 Maanshan Iron & 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 

Although Maanshan Iron & Steel discloses its total water intake, no reduction has been found since it is its first year reporting. 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.  

Maanshan Iron & Steel does not report a decrease in water pollution. Although the company mentions its water quality management, it is unclear what specific wastewater treatment facilities improve the quality and the monitoring process for all units to carry out self-inspection and correction of water and drainage. The company regularly reports on water pollution, disclosing its total COD discharge every year. 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 

No evidence that Maanshan Iron & Steel is reducing the production of hazardous waste was found. 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. The company discloses its amount of NOx, SO2, and particular matters (PM) as air quality parameters of emissions of harmful air pollutants. While the company discloses waste gas emission performance alongside with objectives in 2021, it is unclear what the future target for air pollutants reduction will be for the company. 

GHG emissions 

Maanshan Iron & Steel is reducing its scope 1 and 2 greenhouse gas emissions compared to the previous year. However, the company does not disclose any other information on scope 1, 2 and 3 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 

Maanshan Iron & Steel has not identified any activities that could lead to the introduction of invasive alien species in its own operations. 

Safe, clean, healthy and sustainable environment

Maanshan Iron & Steel does not disclose a commitment to respecting local communities’ right to a safe, clean, healthy and sustainable environment. While the company carries out environmental protection public welfare activities, no evidence the company tracks its actual or potential negative impacts on the health of local communities has been found in the public domain. The company is not committed to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders. 

Indigenous peoples’ and land rights 

Maanshan Iron & Steel does not disclose a commitment to respecting Indigenous Peoples’ rights or land rights of local communities. 

Maanshan Iron & Steel has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially through its business relationships.  The company has an opportunity to describe a process for assessing the human rights risks it has identified and to disclose what it considers to be its salient human rights issues. A description of this process would include how relevant factors are considered, such as geographical, economic and social factors. No evidence was found that the company has a global system to act on its salient human rights issues. The company has an opportunity to disclose the stakeholders it engages with on human rights risks. 

There is no evidence that Maanshan Iron & Steel has a publicly available policy statement committing it to respect the health and safety of workers. While the company states that it strengthened the management mechanism of total wages, it has an opportunity to disclose a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage. No evidence that the company describes how it determines a living wage for the regions where it operates was found. No evidence that the company describes how it works to support the payment of a living wage by its suppliers was found. The company has an opportunity to disclose the coverage of collective bargaining agreements. The company has an opportunity to describe how it works to support the practices of its suppliers in relation to freedom of association and collective bargaining. 

Maanshan Iron & Steel has an opportunity to publish a global tax strategy and should assign responsibility for this strategy to an executive-level individual or body.  The company has an opportunity to disclose a policy on bribery and corruption and its processes for identifying and addressing bribery and corruption.  The company does not disclose its approach to lobbying and political engagement in a public policy document.