China Baowu Steel Group Co.,Ltd
China Baowu Steel Group Co., Ltd., commonly referred to as Baowu Steel, is a leading player in the global steel industry, headquartered in China. Established in 2016 through the merger of Baosteel Group and Wuhan Iron and Steel Corporation, the company has rapidly ascended to become the largest steel producer in the world, with significant operations across various regions in China and beyond. Specialising in the production of high-quality steel products, Baowu Steel offers a diverse range of services, including steel manufacturing, processing, and distribution. Its commitment to innovation and sustainability sets it apart, as the company invests heavily in advanced technologies and eco-friendly practices. With a strong market position, Baowu Steel has achieved numerous accolades, reinforcing its reputation as a cornerstone of the steel industry.
DitchCarbon Score
How does China Baowu Steel Group Co.,Ltd'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 Business Services 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
China Baowu Steel Group Co.,Ltd's score of 39 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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China Baowu Steel Group Co.,Ltd's reported carbon emissions
In 2023, China Baowu Steel Group Co., Ltd reported total carbon emissions of approximately 13,654,000,000 kg CO2e. This figure includes Scope 1 emissions of about 10,617,000,000 kg CO2e, Scope 2 emissions of approximately 285,000,000 kg CO2e, and Scope 3 emissions totalling around 2,753,000,000 kg CO2e. The breakdown of Scope 3 emissions reveals significant contributions from purchased goods and services (about 1,876,000,000 kg CO2e) and capital goods (approximately 313,000,000 kg CO2e). Comparatively, in 2022, the company emitted about 14,165,000,000 kg CO2e, with Scope 1 emissions at approximately 10,418,000,000 kg CO2e and Scope 2 emissions around 338,000,000 kg CO2e. The Scope 3 emissions for that year were about 3,409,000,000 kg CO2e, indicating a slight decrease in total emissions from 2022 to 2023. Despite these figures, China Baowu Steel Group has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company continues to operate within the iron and steel industry, which is known for its high greenhouse gas emissions intensity, reported at approximately 2,040 kg CO2e per tonne of production in 2023. Overall, while China Baowu Steel Group has made strides in emissions reporting, the lack of formal reduction commitments highlights an area for potential improvement in their climate strategy.
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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.
China Baowu Steel Group Co.,Ltd 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.
