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Japan
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(Updated on June 26, 2024) Tokyo, Japan, 24 June, 2024 - World number four steel producer, Nippon Steel, faced three resolutions from investors to reform its climate change policies at its 2024 annual general meeting on Friday, showing its inadequate plans are under increased scrutiny.
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World number four steel producer, Nippon Steel, is failing to meet international standards and falling behind its competitors on climate action, due to its focus…
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World number four steel producer, Nippon Steel, is failing to meet international standards and falling behind its competitors on climate action, due to its focus on coal-based steelmaking.
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Japanese banks, including Mitsubishi UFJ Financial, Mizuho Financial, SMBC Group, and Sumitomo Mitsui Trust, have provided more than USD 66 billion to the 50 biggest companies developing metallurgical coal projects for steel production outside of China.
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This year’s G7 could accelerate the global transition to low-emissions steelmaking but host country Japan remains stubbornly focused on prolonging the use of fossil-based infrastructure.
