Afarak Group SE Sustainability Profile
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.
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
Afarak Group SE's score of 43 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| 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 |
How Carbon Intensive is Afarak Group SE's Industry?
How Carbon Intensive is Afarak Group SE's Location?
Afarak Group SE's Scope 3 Categories Breakdown
Afarak Group SE's Scope 3 emissions, which increased significantly last year and increased significantly since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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Afarak Group SE's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Afarak Group SE has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
