Japan's Metal One implements carbon neutrality with internal pricing and partnerships

Metal One, a prominent Japanese steel trading company, is actively pursuing carbon neutrality by introducing an internal carbon pricing (ICP) system. Known as "Defensive CN," this initiative seeks to integrate environmental factors into all business decisions, aligning sustainability with profitability.

This move aligns with the company's targets of reducing greenhouse gas emissions by 50% by the year 2030 and achieving net-zero emissions by 2050. The ICP system will play a pivotal role, impacting investment choices and business viability by incorporating a yearly reviewed carbon price.

President Kitamura underscores the dual objectives of the ICP - "cultivating the practice of assessing environmental value" and "enhancing employee awareness." It extends beyond mere penalties, aiming to foster a culture of sustainability.

The company actively champions "Aggressive CN" through its Green Transformation Strategy Office. Collaborations, like the one with Clean Energy Systems in the U.S., underscore their dedication to providing decarbonisation solutions for the entire steel industry.

MOSAC Wuhan, the Chinese subsidiary, exemplifies this approach with its innovative solar power generation project. Positive evaluations in the ICP system will reward such initiatives, offering further encouragement for green investments.

Metal One's path to carbon neutrality is not just an environmental pledge; it is a strategic move toward future profitability. By embedding sustainability in core business decisions, they ensure long-term success in a world increasingly prioritising environmental responsibility.

Note: This article has been written in accordance with an article exchange agreement between Japan Metal Daily and SteelMint.