Jul. 13, 2021

Nippon Steel Corporation

Nippon Steel Corporation has been selected as a constituent both of the "FTSE4Good Index Series*" and the "FTSE Blossom Japan Index*," well-renowned ESG (Environment, Social and Governance) investment indices four years in a row. At the same time, NS Solutions Corporation, one of our subsidiaries, has also been selected as a constituent both of the indices three years in a row.

 - Nippon Steel's ESG initiatives
 "Nippon Steel pursues world-leading technologies and manufacturing capabilities, and strives to contribute to society by providing excellent products and services," as stipulated in its statement of corporate values, and with an important role to widely support social infrastructure through steelmaking, we have tackled various issues in society. We believe that our efforts to contribute to the achievement of a sustainable society will also contribute to the achievement of the SDGs.
 Based on this philosophy, in regards to the challenges toward carbon neutrality, one of the most-important global environmental issues, we adopted “Nippon Steel Carbon Neutral Vision 2050 – A Challenge of Zero-Carbon Steel” as our own new initiative in March, 2021, aiming to achieve carbon neutrality by 2050 and reduce CO2 emissions by 30% in 2030 compared to 2013. We regard this as the most-important business task, and we will make a concerted effort toward achieving zero-carbon steel, such as research and development of unprecedented technologies like hydrogen reduction steelmaking process, and will continue to lead the world’s steel industry.
 We will continue to improve our ESG efforts, and we are committed to create the value of steel and realize its potential as an indispensable basic material for all industries and for building social infrastructure. We will return the value of steel to society and thereby contribute to society, facilitating everyone's enjoyment of the wealth of benefits gained from this.

* The "FTSE4Good Index Series" and the "FTSE Blossom Japan Index" are developed by FTSE Russell, a wholly owned subsidiary of London Stock Exchange Group. FTSE Russel uses its own ESG evaluation model based on the existing international ESG standards, including the United Nations Sustainable Development Goals (SDGs), for selection of companies demonstrating outstanding ESG initiatives. These indices are widely used as important criteria by investors worldwide, who increasingly focus on ESG initiatives of companies. The "FTSE Blossom Japan Index" has been adopted by the Government Pension Investment Fund (GPIF) of Japan to integrate ESG consideration for its selection of companies for investment.

 [Reference]
Details on FTSE4Good Index Series
https://www.ftserussell.com/products/indices/FTSE4Good

Details on FTSE Blossom Japan Index
https://www.ftserussell.com/products/indices/blossom-japan

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