Nippon Steel and JFE Lag Behind Globally in Decarbonization: International NGO Releases Corporate Ranking
NQ Score
50/100
Key facts
- Nippon Steel and JFE Lag Behind Globally in Decarbonization: International NGO Releases Corporate Ranking
- An inaugural 'Steel Company Scorecard' by the international climate NGO SteelWatch reveals that none of the 18 major steelmakers assessed are adequately prepared for the transition to decarbonization. Japanese firms Nippon Steel and JFE Steel ranked in the bottom tier, largely due to their continued reliance on coal-based blast furnaces.
- Source: PR TIMES
- Date: Tue Mar 31 2026 17:00:01 GMT+0900 (Japan Standard Time)
Direct answer
An inaugural 'Steel Company Scorecard' by the international climate NGO SteelWatch reveals that none of the 18 major steelmakers assessed are adequately prepared for the transition to decarbonization. Japanese firms Nippon Steel and JFE Steel ranked in the bottom tier, largely due to their continued reliance on coal-based blast furnaces.
- Citation
- Nippon Steel and JFE Lag Behind Globally in Decarbonization: International NGO Releases Corporate Ranking (Tue Mar 31 2026 17:00:01 GMT+0900 (Japan Standard Time)), PR TIMES
- Source
- PR TIMES
- Date
- Tue Mar 31 2026 17:00:01 GMT+0900 (Japan Standard Time)
AI Summary (NQ-processed)
An inaugural 'Steel Company Scorecard' by the international climate NGO SteelWatch reveals that none of the 18 major steelmakers assessed are adequately prepared for the transition to decarbonization. Japanese firms Nippon Steel and JFE Steel ranked in the bottom tier, largely due to their continued reliance on coal-based blast furnaces.
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Frequently Asked Questions
- Q: What is the name of the international NGO that released the 'Steel Company Scorecard' on March 31, 2026?
- A: The international NGO that released the 'Steel Company Scorecard' on March 31, 2026, is SteelWatch, which specializes in climate-related assessments of the steel industry.
- Q: How did Nippon Steel rank in the 'Steel Company Scorecard' released by SteelWatch in 2026?
- A: Nippon Steel ranked 17th out of 18 steel manufacturers in the 2026 Steel Company Scorecard, earning 16.8 points out of a possible 100 points.
- Q: What was JFE Steel's position and score in the inaugural 'Steel Company Scorecard' published by SteelWatch?
- A: JFE Steel ranked 12th out of 18 companies in the 2026 Steel Company Scorecard with a score of 23.4 out of 100, placing it in the lower tier.
- Q: Why was Nippon Steel specifically criticized in the SteelWatch assessment released on March 31, 2026?
- A: Nippon Steel was criticized for prioritizing life-extension technologies for high-emission coal blast furnaces instead of phasing them out, contributing to rising coal consumption.
- Q: What key issue did Roger Smith of SteelWatch highlight regarding Japanese steelmakers in the March 31, 2026 report?
- A: Roger Smith, Asia Lead at SteelWatch, urged Nippon Steel and JFE Steel to accelerate fundamental structural reforms to close the transition readiness gap revealed in the 2026 scorecard.