Aichi Steel Corporation
Aichi Steel Corporation, a prominent player in the steel industry, is headquartered in Japan and operates extensively across Asia and beyond. Founded in 1949, the company has established itself as a leader in the production of high-quality steel products, including specialty steels and automotive components. With a commitment to innovation, Aichi Steel has achieved significant milestones, such as advancements in steel manufacturing technologies that enhance product performance and sustainability. Their core offerings, which include high-strength steel and precision-engineered components, are distinguished by their exceptional durability and reliability, catering primarily to the automotive and industrial sectors. Recognised for its market position, Aichi Steel Corporation continues to drive growth through strategic partnerships and a focus on research and development, solidifying its reputation as a trusted supplier in the global steel market.
DitchCarbon Score
How does Aichi Steel Corporation'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
Aichi Steel Corporation's score of 28 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Aichi Steel Corporation's reported carbon emissions
In 2023, Aichi Steel Corporation reported total carbon emissions of approximately 224,000 kg CO2e for Scope 1 and about 410,000 kg CO2e for Scope 2. The company also disclosed Scope 3 emissions, which included approximately 822,000 kg CO2e from purchased goods and services, 50,000 kg CO2e from capital goods, and 1,000 kg CO2e from business travel, among other categories. In 2022, Aichi Steel's emissions were approximately 222,000 kg CO2e for Scope 1, 394,000 kg CO2e for Scope 2, and a significant Scope 3 total of about 795,000,000 kg CO2e, indicating a substantial impact from downstream activities, particularly in the use of sold products and downstream leased assets. The company has not publicly committed to specific reduction targets or initiatives, nor have they aligned with the Science Based Targets initiative (SBTi) for emissions reduction. However, Aichi Steel continues to monitor and report its emissions, reflecting a commitment to transparency in its climate impact. The emissions intensity of production has shown a decreasing trend, with values of approximately 2,040 kg CO2e per tonne in 2021 and 1,950 kg CO2e per tonne in 2022, suggesting ongoing efforts to improve efficiency. Overall, while Aichi Steel has made strides in emissions reporting, further commitments to reduction targets would enhance its climate strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 256,000 | 000,000 | 000,000 |
| Scope 2 | 378,000 | 000,000 | 000,000 |
| Scope 3 | 1,161,000 | 000,000,000 | 0,000,000 |
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.
Aichi Steel Corporation 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.
