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.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
President of HBIS, Yu Yong, is a vice president of China Iron and Steel Association (CISA). CISA has over 20 vice presidents.
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
President of HBIS, Yu Yong, is a vice president of China Iron and Steel Association (CISA). CISA has over 20 vice presidents.
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
CEO of HBIS, Yu Yong, sits in the board of World Steel Association
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
CEO of HBIS, Yu Yong, sits in the board of World Steel Association
not specified
--no extract--
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.
Open PDF file of Data Source
Climate Lobbying Overview: HBIS Group appears to have limited transparent engagement with climate and energy policies. The company has stated top-line support for China’s 2030 carbon peak and 2060 carbon neutrality targets. However, it did not seem to support an energy transition away from fossil fuels. It supported transition from coal to hydrogen to decarbonize the steel sector, though at the same time suggested to produce hydrogen from coal.
Top-line Messaging on Climate Policy: HBIS Group appears to have limited but positive top-line communications on climate policy. In a June 2021 press release, the company’s chairman, Yu Yong, appeared to acknowledge the science of climate change. In a March 2021 press release, HBIS supported China’s 2030 carbon peak target and 2060 carbon neutrality target. However, the company has not explicitly supported the Paris Agreement, or emissions reduction pathways in line with IPCC science.
Engagement with Climate-Related Regulations: HBIS Group appears to have limited transparency on its engagement with specific climate-related policies. In a May 2021 press release, Chairman Yu Yong expressed concern over the effect of the EU’s Carbon Border Adjustment Mechanism(CBAM) on the competitiveness of China’s steel industry, without a clear position on whether the company supports EU CBAM for its impact on global emissions reduction. InfluenceMap has not found evidence of HBIS’s engagement on other climate-related policies.
Positioning on Energy Transition: HBIS Group has communicated a negative position on the energy transition away from fossil fuels. IIn a September 2022 press release, the company suggested that the transition from coal to hydrogen is key to reduce emissions in steelmaking, however, without communicating the need to decarbonize hydrogen production. In an interview reported by Hebei TV on December 2022, HBIS supported using hydrogen produced from coal in steelmaking, without placing clear conditions on the deployment of carbon capture and storage (CCS). In a July 2022 press release, Chairman Yu Yong supported an increased role for natural gas in the energy mix, without placing conditions on the deployment of CCS and methane abatement measures.
Industry Association Governance: As of January 2023, HBIS Group has disclosed its membership of trade associations, however, with no further details of the company's role within each organization's governing bodies nor influence over their climate change policy positions.
Additional Note: HBIS 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 HBIS's engagement intensity metric.