Kobe Steel receives “A” rating from CDP for climate change
Aug. 26, 2025
Kobe Steel, Ltd.
Kobe Steel, Ltd. announces that it has received an “A” rating in the evaluation by CDP1, an international non-profit organization that provides an environmental information disclosure system. The rating was given for its excellence in environmental performance and information disclosure in the climate change sector.
CDP conducts annual environmental surveys and evaluates companies by scores of A to D- based on how effectively they respond to issues such as climate change, deforestation, and water security. To date, CDP has surveyed over 24,800 companies around the world.
For the promotion of sustainability management based on the Group Corporate Philosophy, we have identified key issues of materiality, including Contribution to a Green Society. We regard responding to global environmental concerns to be one of our top management priorities and are working on a variety of initiatives. In December 2020, Kobe Steel announced its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)2 and has been working to enhance the disclosure of relevant information.
Kobe Steel was awarded “A” in the climate change category for its committed efforts in this field.
The Kobe Steel Group, also known as the Kobelco Group, will continue to move forward with the transformation into an appealing company for all of our stakeholders as we strive to realize a world in which people, now and in the future, can fulfill their hopes and dreams while enjoying safe, secure, and prosperous lives.
- 1CDP was established in 2000 in the UK as a non-profit organization (NPO) that conducts surveys on climate change and water resource management in the private sector and publishes the results. Its operations are supported by investors in various countries. This year's survey was conducted on behalf of over 640 institutional investors whose total assets under management reach US $127 trillion. In 2024, over 24,800 companies, representing two-thirds of the world's market capitalization, and over 1,000 cities, states and regions disclosed their data through CDP.
- 2TCFD refers to the Task Force on Climate-related Financial Disclosures, established by the Financial Stability Board (FSB)3, at the request of G20, with Michael Bloomberg as its chairman to develop consistent climate-related financial risk disclosures and discuss how these issues should be addressed by financial institutions. TCFD published its final report in June 2017, recommending companies to disclose information in four areas: Governance, Strategy, Risk Management, and Metrix & Targets.
- 3The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. The FSB is comprised of national financial authorities, which include central banks and finance ministries.
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