Algoma Steel
Algoma Steel Inc., headquartered in Sault Ste. Marie, Ontario, Canada, is a prominent player in the North American steel industry. Founded in 1901, the company has evolved into a leading integrated steel producer, primarily serving the automotive, construction, and energy sectors. With a focus on high-quality flat-rolled steel products, Algoma Steel is renowned for its innovative manufacturing processes and commitment to sustainability. The company’s extensive product range includes hot and cold rolled sheets, as well as coated steel products, which are distinguished by their durability and performance. Algoma Steel has achieved significant milestones, including advancements in production technology and a strong market position, making it a trusted supplier in the steel market. Its dedication to quality and customer satisfaction continues to drive its success in a competitive landscape.
DitchCarbon Score
How does Algoma Steel'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
Algoma Steel's score of 19 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Algoma Steel's reported carbon emissions
In 2023, Algoma Steel reported carbon emissions of approximately 4,218,890,000 kg CO2e from Scope 1 sources and about 24,877,000 kg CO2e from Scope 2 sources. This represents a slight increase in Scope 1 emissions compared to 2022, where they recorded approximately 3,995,014,000 kg CO2e. The company has shown a trend of fluctuating emissions over the years, with 2021 having the highest Scope 1 emissions at about 4,111,476,000 kg CO2e. Algoma Steel's Scope 1 GHG emissions intensity was reported at 1,900 kg CO2e per tonne in 2023, which is an increase from 1,720 kg CO2e per tonne in 2022. The company has not disclosed any specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for improvement in their sustainability strategy. Overall, while Algoma Steel continues to operate within the iron and steel industry, which is known for its significant carbon footprint, the lack of defined reduction targets suggests that the company may need to enhance its climate action plans to align with industry standards and expectations.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,880,106,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 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.
Algoma Steel 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.
