Impact and dependencies assessment
Marubeni-Itochu 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
The company 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 Marubeni-Itochu 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 Marubeni-Itochu Steel’s efforts to work towards a circular economy. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets. The company does not disclose activities to improve soil health or agrobiodiversity in its production or sourcing practices nor does it have a target to improve soil health in its production or sourcing practices.
Water
No quantitative evidence was found of reductions in water withdrawal across the company’s own operations. Marubeni-Itochu Steel has a strong opportunity to disclose a time-bound target to reduce water withdrawal across its own operations as well as to report how much water is withdrawn for its own operations in water-stressed areas. The company also does not engage with suppliers to reduce water withdrawal. While Marubeni-Itochu Steel has ISO 14001 certification, it is not sufficient to justify qualitative evidence of reducing water quality pressures without further details as such, the company does not disclose its processes for managing and monitoring discharge water quality nor does it regularly report on water pollution. The company also has an opportunity to disclose targets to reduce water pollution. The company does not disclose a commitment to respect the right to water nor does it 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
The company is not reducing the production of hazardous waste. The company is not reducing plastic use and waste in its own operations. Marubeni-Itochu Steel has a strong opportunity to report on air quality parameters of emissions of harmful air pollutants as well as to set time-bound targets to reduce air pollutants across the most material parts of its value chain.
GHG emissions
The company is not reducing its scope 1 and 2 greenhouse gas emissions. While the Marubeni Group discloses a target to reduce by 50% its scope 1 and 2 emissions and 20% its scope 3 emissions by 2030, it is not the case for Itochu. Furthermore, it is not possible to attribute these reductions to Marubeni-Itochu Steel. Therefore, Marubeni-Itochu Steel has a strong opportunity to set a scope 1 and 2 emissions target for the group which is not with a 1.5-degree trajectory. The company is also not reducing its scope 3 emissions. While the Marubeni Group discloses a target to reduce by 20% its scope 3 emissions by 2030, no evidence was found for Itochu. The company has an opportunity to set and report progress against a group-wide scope 3 emissions target.
Invasive species
The company has not identified any activities that could lead to the introduction of invasive alien species in its own operations.
