As per ESG Today, two years ago, company officials promised to slash Nippon Steel's footprint by 30% by 2030 and also to become carbon neutral by 2050. To do so, the company not only planned to reduce its own emissions, but also to reduce the carbon footprint of its customers, by offering them more nature-friendly products and services.
Since electric furnaces use more power compared to heat-based ones, Nippon Steel officials suggested that the Japanese government should offer some form of economic support for the switch to be effective.
Ford is one of the carmakers who plan to use green steel in its production after 2030 to lower the footprint of its vehicles and Volvo already uses this kind of steel to manufacture some of its electric trucks.
Nippon Steel officials said in a statement that "we will continue efforts to strongly urge the government to swiftly develop policy support measures that are currently under consideration, and to promote public understanding of carbon-neutral steel products."