Baoshan Iron & Steel Co Ltd

The 2026 annual reporting season marks the official arrival of mandatory ESG disclosure for A-shares. Six major steel companies subject to the new rules—Baosteel, Baotou Steel, Angang Steel, Maanshan Steel, Chongqing Iron and Steel, and CITIC Special Steel—have had their sustainability reports undergo rigorous regulatory scrutiny for the first time. None of the six firms included a dedicated, standalone chapter on a systematic transition plan; information was generally fragmented. However, all have established phased carbon peak and carbon neutrality target systems. Among them, CITIC Special Steel raised its 2030 target for reducing carbon emissions per tonne of steel from 5% to 10%. In terms of resource allocation, Baosteel and CITIC Special Steel explicitly disclosed dedicated investments in energy conservation and low-carbon initiatives. Baosteel's investment in energy saving and carbon reduction reached 3.2 billion yuan last year. However, none of the six mentioned plans for divesting or shutting down high-carbon assets. On direct measures, the six firms made breakthroughs across multiple low-carbon processes. For example, Angang Steel built a 10,000-tonne green electricity and green hydrogen fluidized bed hydrogen metallurgy pilot line, and Baosteel's Zhanjiang Steel put into operation a million-tonne hydrogen-based shaft furnace near-zero-carbon production line. In supply chain management, Baosteel and CITIC Special Steel led in Scope 3 emissions disclosure. Due to the lack of dedicated transition plans, emission reduction achievements and interim progress were not systematically presented. However, most companies met their phased green targets for 2025, with Baosteel's carbon emission intensity per tonne of steel dropping 8% cumulatively from 2020 levels. Greenpeace called on steel firms to add a dedicated climate transition plan section, providing more detailed equipment renewal and retirement timelines and low-carbon capital expenditure, to enhance disclosure transparency and facilitate transition financing.

China Baowu presented a comprehensive display of its AI 2.0 strategy achievements during the 2026 World Artificial Intelligence Conference. Baoshan Iron and Steel and Baosight Software jointly exhibited the fully domestically developed and independently controllable Tianxing PLC series, the Turing heavy-duty wheeled dual-arm humanoid robot with each arm capable of carrying 15 kilograms and a grasping accuracy of plus or minus 0.5 millimeters, and the officially launched Zhijian Factory xVue, an industrial AI vision factory. Baoshan Iron and Steel has cumulatively built and put into operation over 700 AI scenarios and more than 100 intelligent agents, created five benchmark AI production lines, and its four major bases have been recognized as Excellent Smart Factories by the Ministry of Industry and Information Technology. In addition, under the guidance of the China Iron and Steel Association, Baosight Software and Baoshan Iron and Steel jointly compiled the industry's first systematic AI transformation methodology covering the entire steel value chain, the AI plus Steel White Paper: Redefining Steel with AI 2026, which was also released during the same period.