Jul. 27, 2022

Nippon Steel Corporation

Nippon Steel Corporation (“Nippon Steel”) has been selected for the first time as a constituent both of the "MSCI Japan ESG Select Leaders Index*," which is adopted by the Government Pension Investment Fund (GPIF) of Japan to integrate ESG consideration for its selection of companies for investment, and the "MSCI ESG Leaders Indexes*," one of well-renowned ESG investment indices.
Nippon Steel has also continuously been selected as a constituent of the "FTSE Blossom Japan Index," “FTSE Blossom Japan Sector Relative Index,” “S&P/JPX Carbon Efficient Index,” all of which are adopted by GPIF, and “FTSE4Good Index Series,” another well-renowned ESG investment index.

- 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 issues, we have adopted “Nippon Steel Carbon Neutral Vision 2050” as our own initiative, aiming to achieve carbon neutrality by 2050 and reduce CO2 emissions by 30% in 2030 compared to 2013. We regard this as the greatest priority management issue, and we are now accelerating effort toward development of breakthrough technologies such as hydrogen reduction steelmaking, pilot plant of which is to be installed in a Green Innovation Fund project.
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 "MSCI Japan ESG Select Leaders Index" and the "MSCI ESG Leaders Indexes" are developed by Morgan Stanley Capital International (MSCI). MSCI 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.

[Reference]
   Details on MSCI Japan ESG Select Leaders Index
https://www.msci.com/our-solutions/japan-esg-select-leaders-index

Details on MSCI ESG Leaders Indexes
https://www.msci.com/msci-esg-leaders-indexes

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