Beijing Shougang Corporation

Sector

Metals & Mining

Headquarters

Beijing, China

Official Website

sggf.com.cn

Climate Policy Engagement Analysis

Climate Lobbying Overview: Beijing Shougang Corporation appears to have limited public engagement with climate and energy policies. The company has not stated a top-line position on climate policy. It communicated positively on China’s national carbon market, however, its positions on the low-carbon energy transition appear to not be fully aligned with IPCC guidance on delivering the global temperature targets of limiting global warming to 1.5C.

Top-line Messaging on Climate Policy: Beijing Shougang Corporation does not appear to have communicated a top-line position on climate policy.

Engagement with Climate-Related Regulations: Beijing Shougang has limited transparency on its engagement with climate regulations. In a June 2022 report by Beijing News, the company appeared to acknowledge that China’s national carbon market would incentivize companies to reduce their emissions. In the same article, Shougang stated the EU Carbon Border Adjustment Mechanism will have a profound impact on its business, without further comment on whether it supports the policy to incentivize emissions reduction globally. InfluenceMap has not found evidence of the company’s engagement on other climate policy streams.

Positioning on Energy Transition: Beijing Shougang Corporation has communicated a mixed position on its energy transition, with limited evidence of engagement. As reported by SINA News in May 2021, Shougang predicted an increased role for the Electric Arc Furnace route in steelmaking in the future, whilst at the same time stating that the Basic Oxygen process will remain the dominant method and citing concerns about technical difficulties related to hydrogen use in steelmaking.

Industry Association Governance: As of January 2023, Beijing Shougang Corporation does not appear to have disclosed its membership of industry associations in its corporate reporting and has not responded to CDP’s climate change surveys. InfluenceMap database indicates that the company is a member of the China Iron and Steel Association.

Additional Note: Beijing Shougang Corporation is a listed company with more than 50% of its shares owned by the government of China. State-owned enterprises likely retain channels of direct engagement with government officials that InfluenceMap is unable to assess, and therefore are not represented in Beijing Shougang's engagement intensity metric.

InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q1 2023.

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InfluenceMap Score for Climate Policy Engagement

D+

Performance Band

N/A

Organization Score

64%

Relationship Score

4%

Engagement Intensity

Primary Evidence

All primary evidence used to inform the analysis of Beijing Shougang Corporation can be found in the two tabs below below. In the first tab, hyperlinks in each cell of the matrix provide access to evidence collected on Beijing Shougang Corporation's direct policy engagement activities. The second tab provides a record of any links between Beijing Shougang Corporation and the Industry Associations stored in the LobbyMap database.

DATA SOURCES
QUERIES
Main Web Site

Main Web Site

Corporate Media

Corporate Media

CDP Responses

CDP Responses

Direct Consultation with Governments

Direct Consultation with Governments

Media Reports

Media Reports

CEO Messaging

CEO Messaging

Financial Disclosures

Financial Disclosures

Communication of Climate Science

NSNSNSNSNSNSNS

Alignment with IPCC on Climate Action

NSNSNSNSNSNSNS

Supporting the Need for Regulations

NSNSNS1NSNSNS

Support of UN Climate Process

NSNSNSNSNSNSNS

Transparency on Legislation

-2NS-2NSNSNSNS

Carbon Tax

NSNSNSNS0NSNS

Emissions Trading

NSNSNSNS1NSNS

Energy and Resource Efficiency

NSNSNSNSNSNSNS

Renewable Energy

NSNSNSNSNSNSNS

Energy Transition & Zero Carbon Technologies

NS0NS001NS

GHG Emission Regulation

NSNSNSNSNSNSNS

Disclosure on Relationships

-2NS-2NSNSNSNS

Land Use

NSNSNSNSNSNSNS

Strength of Relationship

STRONG
 
 
 
 
 
 
 
WEAK