Aichi Steel Corporation Sustainability Profile
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 19 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Aichi Steel Corporation's reported carbon emissions
In 2023, Aichi Steel Corporation reported total carbon emissions of approximately 1,456,000 kg CO2e, comprising 224,000 kg CO2e from Scope 1, 410,000 kg CO2e from Scope 2, and 822,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from purchased goods and services (822,000 kg CO2e) and fuel and energy-related activities (114,000 kg CO2e). The total emissions from Scope 1 and 2 combined were about 634,000 kg CO2e. Comparatively, in 2022, the corporation's emissions were slightly lower, with total emissions of approximately 1,409,000 kg CO2e, including 222,000 kg CO2e from Scope 1, 394,000 kg CO2e from Scope 2, and 793,000 kg CO2e from Scope 3. The Scope 1 and 2 total for that year was about 616,000 kg CO2e. Aichi Steel Corporation has not publicly committed to specific reduction targets or initiatives, nor have they reported any climate pledges or SBTi targets. The absence of documented reduction initiatives suggests a need for further development in their climate strategy. The emissions data is not cascaded from any parent organization, indicating that Aichi Steel Corporation independently reports its emissions.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 222,000 | 000,000 |
| Scope 2 | 394,000 | 000,000 |
| Scope 3 | 793,000 | 000,000 |
How Carbon Intensive is Aichi Steel Corporation's Industry?
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Aichi Steel Corporation's Scope 3 Categories Breakdown
Aichi Steel Corporation's Scope 3 emissions, which increased by 4% last year and increased by approximately 4% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 56% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 100% of Scope 3 emissions.
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Aichi Steel Corporation'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.
Aichi Steel Corporation 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.
