{"id":1609,"date":"2023-07-12T11:00:00","date_gmt":"2023-07-12T02:00:00","guid":{"rendered":"https:\/\/corporateactionjapan.platepre.net\/news\/uncategorized\/ceo-takeuchi-speaks-at-rei-event-steel-industry-towards-2040-zero-emissions\/"},"modified":"2025-02-28T14:41:24","modified_gmt":"2025-02-28T05:41:24","slug":"ceo-takeuchi-speaks-at-rei-event-steel-industry-towards-2040-zero-emissions","status":"publish","type":"news","link":"https:\/\/corporateactionjapan.org\/en\/news\/announcement\/ceo-takeuchi-speaks-at-rei-event-steel-industry-towards-2040-zero-emissions\/","title":{"rendered":"CEO Takeuchi speaks at REI event Steel Industry Towards 2040 Zero Emissions"},"content":{"rendered":"\n<p>CEO Yasunori Takeuchi spoke at a seminar organized by the Renewable Energy Institute to discuss ways to decarbonize the steel industry by 2040. Takeuchi provided insights from a shareholder\u2019s perspective, following a new report published by German think tank Agora Industry \u201c15 Insights on the Global Steel Transformation\u201d.<\/p>\n\n<p>Direct GHG emissions from the steel sector accounts for approx. 14 % of Japan\u2019s total GHG emissions, or approx. 40% of the industrial sector. Steel products, being used in a wide range of industries including construction, automotive and shipbuilding, play a significant part of scope 3 emissions throughout the supply chain.<br\/>It is encouraging that the report shows that achieving near-zero emissions steel is technically feasible by the beginning of 2040s.<br\/>On the other hand, from an investors\u2019 perspective, the industry needs to address the following issues so that corporate value is enhanced alongside decarbonization efforts:<br\/>(i) production costs of near-zero emission steel; (ii) quality of steel products to meet customer needs; and (iii) the timing of adopting new technologies and the risks associated with re-lining of blast furnaces.<br\/>The report also points out that comprehensive policy incentives are crucial for companies to respond to these challenges and act ambitiously.<\/p>\n\n<p>To pursue net zero in the steel sector and its supply chain, CAJ continues to work with global institutional investors on corporate engagement with Japanese steel manufacturers.<\/p>\n\n<p>For more information on the seminar, please visit the <a href=\"https:\/\/www.renewable-ei.org\/activities\/events\/20230712.php\">website<\/a> of Renewable Energy Institute.<\/p>\n\n<p><\/p>\n","protected":false},"featured_media":989,"template":"","news_cat":[16],"class_list":["post-1609","news","type-news","status-publish","has-post-thumbnail","hentry","news_cat-announcement"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CEO Takeuchi speaks at REI event Steel Industry Towards 2040 Zero Emissions | Corporate Action Japan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/corporateactionjapan.org\/en\/news\/announcement\/ceo-takeuchi-speaks-at-rei-event-steel-industry-towards-2040-zero-emissions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEO Takeuchi speaks at REI event Steel Industry Towards 2040 Zero Emissions | Corporate Action Japan\" \/>\n<meta property=\"og:description\" content=\"CEO Yasunori Takeuchi spoke at a seminar organized by the Renewable Energy Institute to discuss ways to decarbonize the steel industry by 2040. Takeuchi provided insights from a shareholder\u2019s perspective, following a new report published by German think tank Agora Industry \u201c15 Insights on the Global Steel Transformation\u201d. 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