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 38 is higher than 99% 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 2023, Baosteel reported total carbon emissions of approximately 10,617,000,000 kg CO2e, comprising 10,617,000,000 kg CO2e from Scope 1, 285,000,000 kg CO2e from Scope 2, and 2,753,000,000 kg CO2e from Scope 3 emissions. This reflects a slight increase in emissions compared to previous years, with 2022 emissions at about 10,418,000,000 kg CO2e for Scope 1, 338,000,000 kg CO2e for Scope 2, and 3,409,000,000 kg CO2e for Scope 3. Baosteel's emissions intensity per tonne of steel produced was approximately 2,040 kg CO2e in 2023, down from 2,080 kg CO2e in 2021 and 2,130 kg CO2e in 2020, indicating a gradual improvement in their carbon efficiency. However, the company has not publicly disclosed specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. Overall, while Baosteel has made strides in reducing emissions intensity, the lack of formal reduction targets suggests a need for more robust climate commitments in line with industry standards.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 9,768,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 402,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,436,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 participating in some of the initiatives that 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.
