Baosteel Sustainability Profile
Baosteel, officially known as Baoshan Iron & Steel Co., Ltd., is a leading player in the global steel industry, headquartered in Shanghai, China. Founded in 1978, the company has established itself as a key manufacturer of high-quality steel products, serving various sectors including automotive, construction, and energy. With a strong operational presence across Asia and beyond, Baosteel is renowned for its innovative production techniques and commitment to sustainability. The company offers a diverse range of core products, including hot-rolled and cold-rolled steel sheets, which are distinguished by their superior strength and durability. As one of the largest steel producers in the world, Baosteel has achieved significant milestones, including advancements in technology and environmental practices, solidifying its market position and reputation for excellence in the steel manufacturing sector.
DitchCarbon Score
How does Baosteel'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 Metal Fabrication 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
Baosteel's score of 25 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Baosteel's reported carbon emissions
In 2019, Baosteel reported a carbon emission intensity of approximately 2,290 kg CO2e per tonne of steel produced, reflecting its operational impact in the iron and steel sector. The company has not disclosed specific Scope 1, 2, or 3 emissions data, indicating a potential area for improvement in transparency. Baosteel is committed to achieving carbon neutrality by 2060, aligning with China's national goal. This long-term target focuses on Scope 1 emissions, demonstrating the company's dedication to reducing its direct greenhouse gas emissions. While no specific reduction percentages have been outlined, the commitment to net-zero emissions signifies a proactive approach to climate change. As part of its climate strategy, Baosteel's initiatives are not cascaded from a parent company, ensuring that its commitments and performance are independently reported. The company is positioned to enhance its sustainability practices in the competitive steel industry, where emissions reduction is critical for meeting global climate targets.
How Carbon Intensive is Baosteel's Industry?
How Carbon Intensive is Baosteel's Location?
Baosteel'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.
Baosteel has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
