Reported 8 months ago
An activist shareholder group has warned that Nippon Steel's acquisition of U.S. Steel risks increasing decarbonisation costs for the Japanese steelmaker. The proposed $15 billion takeover offer faces resistance, and shareholders are calling for an improved decarbonisation strategy to address the impact on climate goals. Nippon Steel plans to share technologies related to decarbonisation with U.S. Steel post-acquisition, aiming to become carbon neutral by 2050. Shareholder activism on climate change is growing in Japan, pushing companies to enhance their emission reduction plans.
Source: YAHOO