Nucor Corporation

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

No leading practices were identified in the ecosystems and biodiversity area.

Indigenous Peoples’ and land rights 
Nucor Corporation is committed to respecting Indigenous Peoples’ rights.

Sustainability strategy and accountability
Nucor Corporation does not disclose its process for identifying and prioritising its most relevant sustainability topics and impacts and no evidence that the company has group wide targets on key sustainability topics for the most material parts of its value chain could be found in the public domain. The company also has an opportunity to link performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. Furthermore, the company does not disclose whether its highest governance body has expertise regarding nature-related topics.

Stakeholder engagement
Nucor Corporation does not disclose an overview of the issues raised during its stakeholder engagement activities. While the company discloses its approach to stakeholder engagement, it does not detail it according to distinct stakeholder groups.

Lobbying
While Nucor Corporation discloses a list of trade associations of which it is a member, the company does not disclose a clear and detailed framework for assessing alignment of its trade associations with nature-positive policies. The company also does not report (potential) misalignment between the lobbying activities of its trade associations and nature-positive policies.

Impact and dependencies assessment
The company 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
The company does not disclose a commitment to ensure zero conversion. While Nucor Corporation has a commitment to minimise ecosystem conversion, it does not disclose activities to minimise ecosystem conversion. The company also does not disclose a commitment to restore ecosystems nor details and outcomes of ecosystem restoration projects in areas affected by its own operations or by its suppliers.

Resource exploitation and circularity
Nucor Corporation does not disclose its inputs, including its material footprint. The company does not report quantitatively on its group-wide circularity performance. It does not disclose activities to improve soil health or agrobiodiversity in its production or sourcing practices nor a target to improve soil health in its production or sourcing practices.

Water
No evidence that the company reduces water withdrawal across the company’s own operations was found. Nucor Corporation has a strong opportunity to disclose a time-bound target to reduce water withdrawal across its own operations. The company does not engage with suppliers to reduce water withdrawal. Nucor Corporation does not disclose its processes for managing and monitoring discharge water quality nor does it regularly report on water pollution. The company has an opportunity to disclose targets to reduce water pollution. Furthermore, it does not disclose a commitment to respect the right to water nor 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 Nucor Corporation reduces the production of hazardous substances was found. While the company reports regularly on air quality parameters of emissions of harmful air pollutants, it does not report time-bound targets to reduce air pollutants across the most material parts of its value chain.

GHG emissions
Nucor Corporation has a time-bound target to reduce its scope 1 and 2 emissions. and reports progress against it. However, no evidence that the company’s scope 1 and 2 emissions target is aligned with a 1.5-degree trajectory was found. The company is also reducing its scope 3 emissions but does not disclose a time-bound target to reduce its scope 3 emissions.

Invasive species
No evidence was found that the company identifies the activities that could lead to the introduction of invasive alien species (IAS) in its own operations. No evidence was found that the company identifies the activities that could lead to the introduction of IAS in its value chain.

Safe, clean, healthy and sustainable environment 
While Nucor Corporation is committed to respecting the human rights of local communities, this does not translate into s a commitment to respect the right to a safe, clean, healthy and sustainable environment. No evidence that the company tracks its actual or potential negative impacts on the health of local communities was found. 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
Nucor Corporation does not disclose its processes for identifying and recognising the rights of Indigenous Peoples when activities in its own operations may impact their rights, nor does it describe how it obtains Indigenous Peoples’ free, prior and informed consent. The company has an opportunity to disclose a commitment to respect ownership and use of land and natural resources and related legitimate tenure rights, as set out in the relevant part(s) of the VGGTs or the IFC Performance Standards. No evidence was found that the company requires its business relationships to have a process to identify legitimate tenure rightsholders, paying particular attention to vulnerable or marginalised tenure rightsholders, and to negotiate with them to provide adequate compensation.

While the company discloses that it conducts due diligence in general, it has an opportunity to specify that it conducts human rights due diligence that includes a process for identifying human rights risks and impacts through its business relationships. No evidence that the company describes its process for assessing its human rights risks and discloses what it considers to be its salient human rights issues was found. No evidence was found that the company has a global system in place to act on, prevent or mitigate its salient human rights issues. No evidence that the company provides an example of the conclusions reached and actions taken or to be taken on at least one of its salient human rights issues as a result of assessment processes was found. While the company discloses the categories of stakeholders it engages with generally on sustainability issues, it is not clear if these stakeholders are those whose human rights have been or may be affected by its activities. No evidence that the company provides examples of its engagement with stakeholders whose human rights have been or may be affected by its activities was found.

The company has a publicly available policy statement which shows it is committed to respecting the health and safety of workers. The company has a publicly available policy statement which shows it expects its suppliers to commit to respecting the health and safety of their workers. The company discloses that it provides competitive wage. However, it does not disclose if the competitive wage is enough to maintain a decent standard of living for the employee and his/her family. Also, it does not provide 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. While the company states that it expects its suppliers to pay wages that are sufficient for workers and their families to fulfil their basic needs, it has an opportunity to disclose how it works to support the payment of a living wage by its suppliers. The company provides information of employees represented by unions, however, there is no evidence that the company discloses the coverage of collective bargaining agreements. No evidence that the company describes how it works to support the practices of its suppliers in relation to freedom of association and collective bargaining was found.

No evidence that the company has a publicly available global tax strategy was found. The company performs risk assessment for bribery and corruption, however, it does not describe the process(es) to identify its bribery and corruption risks and impacts in specific locations or activities covering its own operations. The company includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships. The company has a publicly available statement(s) setting out its lobbying and political engagement approach. However, a statement in political disclosures and lobby oversight Report is not considered to be a part of formal policy commitment. No evidence that the company has a publicly available policy statement that specifies that it does not make political contributions was found.