Editorial Policy

Basic Approach

This report provides stakeholders with a comprehensive account of the JFE Group’s sustainability-related initiatives and data and elicits feedback toward enhancing the Company’s activities and information disclosure. The 2023 report was compiled with a focus on the following.

Progress of the Seventh Medium-term Business Plan and FY2022 KPI Results and FY2023 KPIs

Results of initiatives aimed at addressing climate change (reduction of CO2 emissions, contribution to reducing CO2 in society as a whole)

Upgraded information on the development and provision of eco-friendly processes and products

Trial evaluation for the future disclosure of information on biodiversity preservation

Results of activities on diversity and inclusion, and future initiatives

Results of human rights due diligence and future initiatives

Introduction of climate change-related metrics to executive remuneration (metrics related to the well-being and safety of employees have already been introduced in FY2022)

Scope of Report

Reporting Period

FY2022 (April 1, 2022 to March 31, 2023)

Reports on some activities undertaken before or after this period are included.

Organization Covered

The report mainly covers the activities of JFE Holdings, Inc. and its three operating companies: JFE Steel Corporation, JFE Engineering Corporation, and JFE Shoji Corporation, but also includes reports on activities of other companies in the JFE Group (414 companies, of which 326 are consolidated subsidiaries and 88 are equity-method affiliates). Quantitative information on the environment includes data from the following JFE Group operating companies.

JFE Steel Group: JFE Steel Corporation and 26 domestic and overseas consolidated subsidiaries (total: 27 companies)

21 domestic companies:
JFE Mineral & Alloy Company, Ltd., CHIBA RIVERMENT AND CEMENT CORP., MIZUSHIMA RIVERMENT CORP., JFE Precision Corporation, JFE Plastic Resource Corporation, JFE Bars & Shapes Corporation, JFE Metal Products & Engineering Inc., JFE Galvanizing & Coating Co., Ltd., JFE Container Co., Ltd., JFE Welded Pipe Manufacturing Co., Ltd., JFE Steel Pipe Co., Ltd., Galvatex Corporation, JFE Techno-wire Corporation, JFE Kozai Corporation, JFE LOGISTICS CORPORATION, JFE Chemical Corporation, JFE LIFE CORPORATION, GECOSS CORPORATION, JFE KENZAI FENCE CO., LTD., J-Logitec Co., Ltd., K-plasheet Corporation

5 overseas companies:
Nova Era Silicon S.A., JFE Steel Galvanizing (Thailand) Ltd., Thai Coated Steel Sheet Co., Ltd., Philippine Sinter Corporation, PT. JFE STEEL GALVANIZING INDONESIA

JFE Engineering Group: JFE Engineering Corporation and 15 domestic and overseas consolidated subsidiaries (total: 16 companies)

14 domestic companies:
J&T Recycling Corporation, JFE Environmental Service Corporation, NORTHERN JAPAN MACHINERY Corporation, TOHOKU DOCK TEKKO CO., LTD., JFE Aqua Machine and Service Corporation, Fujikako, Inc., Asuka Soken Co., Ltd., JFE Pipeline Engineering Corporation, JFE Technos Co., Ltd., J Farm Corporation, JFE Business Support YOKOHAMA Corporation, JFE Project One Co., Ltd., JFE Environment Technology Co., Ltd., Myoko Green Energy Co., Ltd.

1 overseas subsidiary:
J&M Steel Solutions Co., Ltd.

JFE Shoji Group: JFE Shoji Corporation and 35 domestic and overseas consolidated subsidiaries (steel-processing companies) (total: 36 companies)

19 domestic subsidiaries:
JFE Shoji Electrical Steel Co., LTD., JFE Shoji Coil Center Corporation, JFE Shoji Kohnan Steel Center Co., Ltd., JFE Shoji Tinplate Center Corporation, Aichi Kanzai Kogyo Corporation, Kyushu-Tech Corporation, JFE Shoji Kohnan Steel Center Co., Ltd., Shinnihon-kogyo Corporation, Taisei Kogyo Corporation, Toyo Kinzoku Corporation, Tochigi Shearing Corporation, Naigai Steel Corporation, Nagano Can Corporation, Niigata Steel Corporation, NIHON JISEIZAI KOGYO CO., LTD., Hokuriku Kogyo Corporation, Hokuriku Steel Co., Ltd., Mizushima Steel Corporation, Mizushima Metal Products Corporation

16 overseas subsidiaries:
Dongguan JFE Shoji Steel Products Co., Ltd., Guangzhou JFE Shoji Steel Products Co., Ltd., Zhejiang JFE Shoji Steel Products Co., Ltd., Jiangsu JFE Shoji Steel Products Co., Ltd., JFE Shoji Steel Philippines, Inc., Central Metals (Thailand) Ltd., Steel Alliance Service Center Co., Ltd., JFE Shoji Steel Vietnam Co., Ltd., JFE Shoji Steel Hai Phong Co., Ltd., JFE Shoji Steel Malaysia Sdn. Bhd., PT. JFE Shoji Steel Indonesia, JFE Shoji Steel India Private Limited, VEST Inc., JFE Shoji Steel de Mexico, S.A. de C.V., JFE Shoji Steel Service Center Bajio, S.A.P.I. de C.V., JFE Shoji Power Canada Inc.

Reference Guidelines

GRI Sustainability Reporting Standards 2016, 2018, 2019, 2020, and 2021
Ministry of the Environment (Japan): Environmental Reporting Guidelines 2018
Ministry of the Environment (Japan): Environmental Accounting Guidelines 2005
Final Report: Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)

Publication Date

Website: September 2023, PDF file: September 2023
(previous report: September 2022, next report: scheduled for September 2024)

Related Reports

The following information is available at:

Company Information

Outline of the JFE Group, corporate governance, etc.

Shareholder and Investor Information

JFE Group business information, financial data, stock and rating information, etc.

JFE Group Report (Integrated Report)

Financial information including the JFE Group’s mid- to long-term business strategies, business performance, management strategies, and non-financial information, including initiatives on sustainability and corporate governance.