Baosteel
Baosteel, officially known as Baoshan Iron & Steel Co., Ltd., is a leading player in the global steel industry, headquartered in Shanghai, China. Founded in 1978, the company has established itself as a key manufacturer of high-quality steel products, serving various sectors including automotive, construction, and energy. With a strong operational presence across Asia and beyond, Baosteel is renowned for its innovative production techniques and commitment to sustainability. The company offers a diverse range of core products, including hot-rolled and cold-rolled steel sheets, which are distinguished by their superior strength and durability. As one of the largest steel producers in the world, Baosteel has achieved significant milestones, including advancements in technology and environmental practices, solidifying its market position and reputation for excellence in the steel manufacturing sector.
DitchCarbon Score
How does Baosteel's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Metal Fabrication industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Baosteel's score of 41 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Baosteel's reported carbon emissions
In 2023, Baosteel reported total carbon emissions of approximately 10,617,000,000 kg CO2e, with emissions distributed across various scopes: 10,617,000,000 kg CO2e for Scope 1, 285,000,000 kg CO2e for Scope 2, and 2,753,000,000 kg CO2e for Scope 3. The Scope 3 emissions breakdown includes significant contributions from purchased goods and services (1,876,000,000 kg CO2e) and capital goods (313,000,000 kg CO2e). Comparatively, in 2022, Baosteel's emissions were about 10,418,000,000 kg CO2e for Scope 1, 338,000,000 kg CO2e for Scope 2, and 3,409,000,000 kg CO2e for Scope 3, indicating a slight increase in Scope 1 emissions year-on-year. The total emissions for Scope 1 and 2 combined were approximately 10,593,000,000 kg CO2e in 2022. Baosteel has committed to achieving carbon neutrality by 2060, aligning with China's national goal. This long-term commitment focuses on reducing Scope 1 emissions, although specific reduction targets have not been detailed. The company is actively working towards these climate commitments, reflecting a growing awareness of the need for sustainable practices within the iron and steel industry. Overall, Baosteel's emissions data and climate commitments highlight its role in addressing climate change while navigating the complexities of emissions across different scopes.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 9,768,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 402,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,436,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Baosteel is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
