Transition Asia

Read the analysis that is used in our engagement with Nippon Steel and its stakeholders: transitionasia.org/wp-content/upl…

For example, integrating a new, unproven tech involving hydrogen injection into BFs—which makes up around 10% of total production—would only result in a group annual emission⬇️of 1-2% in 2026. Nippon Steel needs to shift its BFs to EAFs, integrate the use of DRI & scrap + ⬆️RE:

#NipponSteel recently announced ahead of its 2023 AGM that they would begin to study the shift to EAFs to further align with the #NetZero goals. This announcement was a welcome response, but more urgent commitments need to be made in achieving #GreenSteel: bit.ly/3BNjBMg

🧨As we hop into 2023, Transition Asia would like to wish you and your family a joyful and healthy #YearOfRabbit! 🐰 May our race to achieve a #NetZero, nature-pawsitive and prospurrous future be a thumping and rewarding success! 🐇 Learn more: transitionasia.org/research/

💡 From the newly-released comparative analysis of Japanese #steel producers' climate commitments and a quick snapshot of the Nikkei 225 companies' progress, to a detailed look at Japan's proposed #ETS in the East Asian context, we've got you covered: transitionasia.org/research/

Are #Japan's high-impact companies on track to meet the national #NetZero goal? Our most recent RESEARCH is here to offer sectoral insights into the country's challenges & potential to become one of the region's climate leaders! transitionasia.org/research/

Achieving the targets outlined by #IEA - which recommends G7 countries achieve 60% RE by 2030 - would require significant increases in RE procurement growth rates for all companies assessed other than #Sony and #Ricoh. #Canon would need to increase 28x: lnkd.in/gFEx8S22

#Canon could still achieve a greener pathway and stay competitive if the company double down on its RE ambition and procurement as well as climate policy engagement. Read our in-depth assessment of Canon's 2030 targets, #ClimateAction and ambition: lnkd.in/gSFAmpsA

Out of the 6 Japanese digital camera manufacturers we analysed, only #Sony is close to the average #RE100 commitment & ahead of IEA #NetZero recommendations. While all its peers have committed to 100% RE, #Canon has only committed to 4.85%. . Read more: lnkd.in/gFEx8S22

"For many photographers, the natural world, its wildlife, and its people are some of the most important and beloved subjects. If #ClimateChange is allowed to continue its course [...] then soon all we will have left are photographs."

An insightful piece on @DigitalCameraW citing our latest research on how #Canon's backtracking on its climate targets and undermining #Japan's #netzero pathway: digitalcameraworld.com/news/canon-cut…

.@canonjp has reduced its emissions target and now lags rivals in the race to #decarbonise. The firm recently came under fire when a senior staff member at the institute it sponsors was called out for #climatedenial. eco-business.com/news/japanese-…

Japanese camera-maker Canon walks back climate targets eb.news/wDXPgfLhQbaA

As the #GreenSteel solution H2-DRI-EAF is poised to transform the global market, #Japan's steel producers are looking outward in their race to #decarbonise in light of the limited domestic potential for #GreenHydrogen. We analyse how that can be achieved: lnkd.in/g5_WR8e8

The global steel industry is in the race to #decarbonise & a green solution is poised to transform the market. Our NEW RESEARCH analyses how #Japan’s steel producers will be driven towards countries viable for greenfield H2-DRI-EAF plants powered by RE: bit.ly/3ErePqg

To meet the #NetZero goals, #Japan’s largest steel producer #NipponSteel needs to raise its ambition by investing in greener solutions such as Electric Arc Furnace (EAFs) that are powered by renewable electricity. Learn more from our analysis: bit.ly/3BcaTGF #GreenSteel

Disclosures by companies with #China's A-share listings aren’t providing the data needed to build #sustainability indices; we need improved & comparable standards to drive the transition of carbon-intensive sectors and help China meet its carbon targets: bit.ly/3Sjji2b

#NipponSteel's latest #Sustainability Report showed no significant progress and continued to expose the company and investors to undue risk. See our emission pathway analysis and recommendations for #Japan’s largest steel producer: bit.ly/3BcaTGF #GreenSteel #NetZero

The challenge in East Asia is shown by two reference lines- @MSCI_Inc analysis of the MSCI ACWI Investable Market Index at 25% of constituents, which equals 147 companies in this context, and @BlackRock's financed emissions disclosure at 65% of AUM.

A key finding is that a passive manager covering leading listed companies in the 3 countries would only be able to calculate financed emissions for ~28% of AUM at best (if Scope 3 disclosure is complete – which is far from reality).

Find our latest report on the transparency of listed companies and emissions #disclosure trends in Japan, China, and Hong Kong SAR: transitionasia.org/wp-content/upl…