Baosteel
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 30 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Baosteel's reported carbon emissions
In 2023, Baosteel reported total carbon emissions of approximately 107,810,000 kg CO2e, comprising 106,170,000 kg CO2e from Scope 1 and 2 emissions and 27,530,000 kg CO2e from Scope 3 emissions. The Scope 1 emissions alone accounted for about 106,170,000 kg CO2e, while Scope 2 emissions contributed approximately 2,850,000 kg CO2e. The company has shown a commitment to reducing its carbon footprint, with a reported greenhouse gas emission intensity of about 2,040 kg CO2e per tonne of steel produced in 2023. Over the years, Baosteel has made strides in managing its emissions. In 2022, the total emissions were approximately 105,930,000 kg CO2e, indicating a slight increase in emissions in 2023. The company has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, suggesting a need for clearer commitments in the context of global climate goals. Baosteel's emissions data reflects its operations in the iron and steel industry, which is known for its significant carbon emissions. The company continues to face challenges in reducing its overall emissions, particularly in Scope 3, which includes emissions from the supply chain and product use. As the industry moves towards more sustainable practices, Baosteel's future commitments and strategies will be crucial in addressing climate change effectively.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 97,680,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 4,020,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 34,360,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Baosteel is committed to some 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.
