We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
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Climate Lobbying Overview: Beijing Shougang Corporation appears to have limited transparent 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, it did not seem fully supportive of the low-carbon energy transition.
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 and private engagement with government officials that InfluenceMap is unable to assess, and therefore are not represented in Beijing Shougang's engagement intensity metric.