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Iron and Steel Production
FI
updated 6 months ago

Afarak Group SE

Company website

Afarak Group SE, headquartered in Finland, is a prominent player in the global mining and metallurgy industry. Founded in 2007, the company has established a strong presence in key operational regions, including Southern Africa and Europe. Specialising in the production of ferroalloys and other mineral products, Afarak is recognised for its commitment to quality and sustainability. The company’s core offerings include ferrochrome, which is essential for stainless steel production, and various other alloys that cater to diverse industrial applications. Afarak's unique approach to resource management and innovation has positioned it as a leader in the market, with notable achievements in operational efficiency and environmental stewardship. With a focus on growth and sustainability, Afarak Group SE continues to enhance its reputation as a trusted supplier in the metallurgy sector.

DitchCarbon Score

How does Afarak Group SE'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.

19

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.

11

Industry Benchmark

Afarak Group SE's score of 19 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.

56%

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Afarak Group SE's reported carbon emissions

Inherited from Skandinaviska Enskilda Banken AB (publ)

Afarak Group SE, headquartered in Finland (FI), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is identified as a current subsidiary of Afarak Group SE, and while it does not have documented reduction targets or climate pledges, it is part of a broader corporate family that may influence its climate strategy. The emissions data and climate commitments are cascaded from the parent organization, with performance sources linked to Skandinaviska Enskilda Banken AB (publ) at a cascade level of 1. However, no specific reduction initiatives or targets have been outlined in the available information. As a participant in the industry, Afarak Group SE is expected to align with standard climate practices, but without concrete data or commitments, its current climate impact remains unclear. The company may benefit from establishing measurable targets and reporting frameworks to enhance its sustainability profile and address climate change effectively.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20202021202220232024
Scope 1
6,000
000,000
000,000
000,000
000,000
Scope 2
2,674,000
0,000,000
0,000,000
000,000
0,000,000
Scope 3
7,346,000
0,000,000
0,000,000
00,000,000
00,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Afarak Group SE's primary industry is Basic iron and steel and of ferro-alloys and first products thereof, which is high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Afarak Group SE is in FI, which has a very low grid carbon intensity relative to other regions.

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.

Afarak Group SE is not participating in any 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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