Posco
POSCO, officially known as Pohang Iron and Steel Company, is a leading global steel manufacturer headquartered in Pohang, South Korea (KR). Founded in 1968, the company has established itself as a key player in the steel industry, with significant operations across Asia, North America, and Europe. Specialising in the production of high-quality steel products, POSCO offers a diverse range of solutions, including hot-rolled and cold-rolled steel, stainless steel, and electrical steel. Its commitment to innovation and sustainability sets it apart, as the company continually invests in advanced technologies and eco-friendly practices. With a strong market position, POSCO has received numerous accolades for its operational excellence and environmental initiatives, solidifying its reputation as a pioneer in the steel sector.
DitchCarbon Score
How does Posco'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 Other Non-Ferrous Metal Products 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
Posco's score of 32 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Posco's reported carbon emissions
In 2023, Posco reported total carbon emissions of approximately 70,588,012,000 kg CO2e from Scope 1, 1,383,895,000 kg CO2e from Scope 2, and 7,419,787,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting, covering all three scopes of greenhouse gas emissions. Over the years, Posco has demonstrated a focus on reducing its carbon footprint, with emissions per tonne of steel produced showing a general trend of improvement. For instance, in 2011, the company reported CO2 emissions of about 2,000 kg CO2e per tonne of steel, which decreased to approximately 1,910 kg CO2e per tonne by 2015. However, specific reduction targets or initiatives have not been disclosed, indicating a potential area for further commitment. Posco's climate strategy aligns with industry standards, focusing on reducing greenhouse gas intensity and improving operational efficiencies. The company has not publicly committed to specific science-based targets or reduction initiatives, which may limit its ability to benchmark against peers in the steel industry. Overall, while Posco has made strides in emissions reporting, the absence of defined reduction targets suggests an opportunity for enhanced climate action.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 81,403,336,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 3,249,921,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 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.
Posco 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.
