Nippon Steel’s Sustainability Materiality and KPIs
Concerning initiatives in sustainability materiality, Nippon Steel steadily promotes their execution and follow-up by checking the Key Performance Indicators (KPI) to assess outcome, and strives to contribute to sustainable social development, as well as maintenance and improvement of our corporate value.
Materiality KPIs and status of major initiatives
1. Safety, environment, and disaster prevention
(1)Safety and health
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Target and KPI | Main Initiatives and Achievements in 2021 | |
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(2)Environment
1) Promotion of climate control measures
- Promotion of the Carbon Neutral Vision 2050 (CO2 emission reduction)
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Target and KPI Main Initiatives and Achievements in FY2021 - Target in 2030: 30% reduction vs. 2013
- Vision for 2050: Carbon neutral
- Selection of the “hydrogen utilization in iron and steelmaking processes” project as a Green Innovation Fund project
- Decision to establish a small test furnace for the manufacture of high-grade steel in an electric arc furnace and direct reduction of 100% hydrogen
- The project, which was established in April 2021, was reorganized into a permanent organization in April 2022 and was expanded to the scale of a team of about 90 people.
- Contribution by “Three Ecos”
- Implementation of “Eco Process”
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Target and KPI Main Initiatives and Achievements in FY2021 - Maintaining high-level effective use of energy
- Effective use of byproduct gas (coke oven gas, blast furnace gas etc.) and waste heat
- Use of byproduct gas: 100%
- Use of waste heat in steam generation: 67%
- In-house generated energy use in in-house power generation: 75%
- Promotion of adopting advanced energy-saving technology
- Adoption of high-efficiency power generation equipment and oxygen plant; regeneration burner in reheating furnace
- Investment cost for energy-saving: ¥8.7 bn
- Enhancement of “Eco Products”
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Target and KPI Main Initiatives and Achievements in FY2021 - Supply of high-performance steel products to help reduce CO2 emissions through use of their end products
- Investment in capacity and quality improvement measures to meet the growing demand for electrical steel sheets and higher-grade products
- Decision to install a next-generation hot rolling mill
- Expansion of products that acquire EcoLeaf environmental labels
- Yawata Area of Kyushu Works and Hirohata Area of Setouchi Works: Start of operation in 1H of 2024 (¥123 billion in investment)
- Nagoya Works: Start of operation in 1H of 2026
- Acquisition of EcoLeaf environmental labels for 35 products (more than 80% of our products), up from 15
- Contribute with “Eco Solutions”
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Target and KPI Main Initiatives and Achievements in FY2021 (including some results in FY2020) - Transfer and dissemination of the world-leading energysaving technology to help CO2 emission reduction globally
- Growing cumulative CDQ delivery record by Nippon Steel Engineering in the group
- 128 CDQ cumulative units (contributing to 25.81 mn tons-CO2 reduction, FY2020)
- Implementation of “Eco Process”
2) Contribution to creation of a circular economy
- Realization of zero emissions within the company
- Recycling of waste generated in society
Target and KPI | Main Initiatives and Achievements in FY2021 | |
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3) Promotion of environmental risk management
- Air environment preservation
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- Water environment preservation
Target and KPI | Main Initiatives and Achievements in FY2021 | |
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(3) Disaster prevention
Target and KPI | Major Initiatives and Achievements in FY2020 (including some results in FY2019) | |
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1) Elimination of disaster risks and group-wide sharing of effective measures |
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2.Quality
(1) Quality control and guarantee
Target and KPI | Main Initiatives and Achievements in FY2021 |
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(2) R&D and intellectual property management
Target and KPI | Main Initiatives and Achievements in FY2021 | |
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(3) Solution that result in customer satisfaction
Target and KPI | Main Initiatives and Achievements in FY2021 | |
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3.Production
(1) Stable production and supply
Target and KPI | Main Initiatives and Achievements in FY2021 |
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4.Human resources, and diversity & inclusion
(1) Respect for human rights
Target and KPI | Main Initiatives and Achievements in FY2021 | |
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(2) Diversity & inclusion
Target and KPI | Major Initiatives and Achievements in FY2020 (including some results in FY2019) | |
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(3) Human resource development
Target and KPI | Main Initiatives and Achievements in FY2021 | |
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5. Together with local communities
(1) Environmental preservation/creation activities in communities
Target and KPI | Main Initiatives and Achievements in FY2021 | |
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(2) Activities mainly in the support of education, sports, and arts
Target and KPI | Main Initiatives and Achievements in FY2021 (including some results in FY2019) | |
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6. Corporate value enhancement and profit distribution
(1) Securing of profit and enhancement of corporate value
Target and KPI | Main Initiatives and Achievements in FY2021 | |
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Please see the 11-Year Financial Performance section of Nippon Steel’s(6MB) |
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(2) Profit distribution
Target and KPI | Main Initiatives and Achievements in FY2021 | |
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1) Salary and wages payment to employees
2) Appropriate tax payment
3) Dividend payment to shareholders
Note: Target consolidated payout ratio: around 30% (FY2025 management plan) |
Please see the following: Fact Book: Wages and Bonuses |
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Thorough implementation of compliance
Adhering to laws and regulations as a base of all activities
Please see the Corporate Governance section of Nippon Steel’s