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.