MARUBENI-ITOCHU STEEL INC
Marubeni-Itochu Steel Inc., a prominent player in the steel industry, is headquartered in Japan and operates extensively across Asia, Europe, and North America. Founded in 2003, the company emerged from a strategic partnership between Marubeni Corporation and Itochu Corporation, leveraging their extensive networks and expertise in steel trading and manufacturing. Specialising in a diverse range of steel products, including flat and long steel, Marubeni-Itochu Steel distinguishes itself through its commitment to quality and innovation. The company has achieved significant milestones, establishing a strong market position as a reliable supplier to various sectors, including construction, automotive, and energy. With a focus on sustainability and advanced technology, Marubeni-Itochu Steel continues to enhance its offerings, solidifying its reputation as a leader in the global steel market.
DitchCarbon Score
How does MARUBENI-ITOCHU STEEL INC'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 Iron and Steel Production 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
MARUBENI-ITOCHU STEEL INC's score of 15 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
MARUBENI-ITOCHU STEEL INC's reported carbon emissions
In 2023, MARUBENI-ITOCHU STEEL INC reported total carbon emissions of approximately 70,717,000 kg CO2e. This figure includes about 19,926,000 kg CO2e from Scope 1 emissions and around 50,791,000 kg CO2e from Scope 2 emissions. The company's emissions have shown an upward trend over the past few years, with total emissions increasing from about 55,000,000 kg CO2e in 2020 to 70,717,000 kg CO2e in 2023. Specifically, Scope 1 emissions rose from approximately 15,000,000 kg CO2e in 2020 to 19,926,000 kg CO2e in 2023, while Scope 2 emissions increased from about 40,000,000 kg CO2e to 50,791,000 kg CO2e during the same period. Despite these figures, MARUBENI-ITOCHU STEEL INC has not publicly disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or science-based targets indicates a potential area for improvement in their sustainability strategy. As the company continues to navigate the challenges of climate change, it remains crucial for MARUBENI-ITOCHU STEEL INC to establish clear commitments and reduction strategies to align with global climate goals.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 15,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 40,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
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.
MARUBENI-ITOCHU STEEL INC is not committed to any reduction initiatives 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.
