Industria
Shougang Advances ESG Initiatives, Bolstering Its Sustainable Steel Production
The company reported that its strategic and key product outputs totaled 11.65 million tons in the first three quarters of the year, accounting for 67% of Shougang's total steel production. This represents a year-on-year increase of 1 percentage points. Financially, Shougang posted total revenue of 85.02 billion yuan in the first three quarters of 2023, with profits amounting to 1.229 billion yuan . The third quarter saw profits of 663 million yuan , quarter-on-quarter growth 14.45%.
In its pursuit to stand as a leading steel manufacturer with a robust global footprint and influence, Shougang has intensified its focus on environmental, social, and governance (ESG) principles. The company has rolled out several ESG initiatives, emphasizing diverse aspects of its sustainability practices.
As a standout in the Chinese steel sector, Shougang has garnered international attention by becoming the first steel firm globally to champion ultra-low emission processes across all operations. Metrics reveal that its emissions—be it particulate matter, sulfur dioxide, or nitrogen oxides—per ton of steel, were better than both the industry's average and
China's stringent clean production benchmarks.
In line with its transparency commitment, Shougang has recently unveiled its 2022 Annual Sustainability Report. This document, adhering to ESG guidelines, offers a comprehensive breakdown of the firm's ESG-centric actions and their outcomes for the past year. Interested parties can access the full report here:
sggf.com.cn/tzzgx/gsgg1/0b6f45b2f2d44337a85fb392a439ac6e/5461bc8ee47240f8bd7ded9905afd56f.pdf
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