Algoma Steel Sustainability Profile
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 27 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Algoma Steel's reported carbon emissions
In 2024, Algoma Steel reported significant carbon emissions, with Scope 1 emissions totalling approximately 4,227,426,000 kg CO2e and Scope 2 emissions at about 24,765,000 kg CO2e. This reflects a slight decrease in Scope 1 emissions from 2023, where they were approximately 4,281,546,000 kg CO2e, alongside Scope 2 emissions of about 24,877,000 kg CO2e. The company has disclosed emissions data for Scope 1 and Scope 2 but has not reported any Scope 3 emissions. Algoma Steel's emissions intensity for Scope 1 in 2024 was reported at about 1,830 kg CO2e per tonne of iron and steel produced, while the combined Scope 1 and 2 emissions intensity was approximately 1,840 kg CO2e per tonne. This indicates a commitment to monitoring and potentially reducing their carbon footprint, although no specific reduction targets or initiatives have been outlined in their recent reports. As a current subsidiary of Algoma Steel Group Inc., emissions data and performance metrics are cascaded from the parent organisation. However, there are no stated climate pledges or SBTi (Science Based Targets initiative) reduction targets available in the provided information. Algoma Steel continues to operate within the iron and steel industry, which is known for its high carbon emissions, and is likely to face increasing pressure to enhance its sustainability practices in the coming years.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 3,880,106,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Algoma Steel's Industry?
How Carbon Intensive is Algoma Steel's Location?
Algoma Steel'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.
Algoma Steel 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.
