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.
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.
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.
Posco's score of 37 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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. The combined total for Scope 1 and 2 emissions was about 71,971,900,000 kg CO2e. Posco has set a significant reduction target as part of its climate commitments, aiming for a 30% reduction in emissions by 2035 under its net zero roadmap. This target encompasses all scopes of emissions, reflecting the company's long-term commitment to sustainability and climate action. The company has consistently disclosed its emissions across all three scopes, demonstrating transparency in its environmental impact. In previous years, emissions have shown fluctuations, with Scope 1 emissions peaking at approximately 81,403,336,000 kg CO2e in 2017. Posco's initiatives align with industry standards for climate action, positioning the company as a proactive player in the global effort to mitigate climate change.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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.