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.
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.
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.
China Baowu Steel Group Co.,Ltd's score of 24 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
China Baowu Steel Group Co., Ltd, headquartered in CN, currently does not have publicly available emissions data for the most recent year, nor specific reduction targets or initiatives outlined in their climate commitments. As a leading player in the steel industry, the company is expected to engage in efforts to address carbon emissions, particularly given the sector's significant contribution to global greenhouse gas emissions. While specific figures and targets are not provided, it is essential for companies like China Baowu to align with industry standards and global climate goals, potentially focusing on reducing Scope 1 and Scope 2 emissions, which pertain to direct emissions from owned or controlled sources and indirect emissions from the generation of purchased electricity, respectively. In the absence of detailed emissions data and reduction commitments, it remains crucial for stakeholders to monitor China Baowu's future climate strategies and initiatives as the industry moves towards more sustainable practices.
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.