Environmental Accounting
Costs associated with environmental conservation
(Environmental accounting)
Nippon Steel has adopted environmental accounting to be used as guidelines for corporate activities, and to accurately track the environmental costs and effects. Environmental conservation costs, which combine the costs of capital investment associated with environmental measures, energy-saving measures, and recycling measures, and expenses incurred to conserve the environment, totaled ¥213.6 billion in fiscal 2023: ¥17.6 billion for capital investment and ¥196.0 billion for environmental conservation.
It is difficult to quantify environmental preservation effects in monetary terms since such calculation would require many assumptions. Therefore, effects taking environmental measures are kept track of as environmental preservation performance, which are reported in this report and on our website.
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| Item | FY2023 | ||
|---|---|---|---|
| Capital expenditures | Total expenses | ||
| Pollution Prevention Costs | Air pollution control (including measures against dust), etc. | 9.4 | 49.9 |
| Water pollution prevention | 6.3 | 10.1 | |
| Soil pollution prevention, and noise and vibration control | 0.3 | 0.7 | |
| Global Warming Prevention Costs | Energy saving measures | 1.5 | 7.7 |
| Costs of Recycling Resources | Recycling of resources and generated materials | - | 56.3 |
| Industrial waste treatment (including PCB, coal ash, etc.) | - | 16.7 | |
| Business-related general waste treatment, etc. | - | 0.3 | |
| Environmental Management Activities Cost | Construction of EMS and acquisition of ISO14001 certification | - | 0 |
| Monitoring and measurement of environmental loads | - | 0.6 | |
| Personnel expenditures related to environmental measures, etc. | - | 3.0 | |
| Research and Development Costs | Development of Eco Products | - | 7.2 |
| Development of products which have low environmental impact during manufacture, etc. | - | 38.3 | |
| Social Activity Costs | Beautification and greening of offices | - | 1.3 |
| Supporting environmental organizations, etc. | - | 0.1 | |
| Other Environmental Costs | Environmental fines, etc. | - | 3.8 |
| Total | 17.6 | 196.0 | |
