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 28 is higher than 84% 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's reported carbon emissions
In 2022, China Baowu Steel Group Co., Ltd reported total carbon emissions of approximately 39,264,441,000 kg CO2e, comprising 35,445,774,000 kg CO2e from Scope 1, 3,208,832,000 kg CO2e from Scope 2, and 39,264,441,000 kg CO2e from Scope 3 emissions. This marked an increase from 2021, where emissions were about 38,190,416,000 kg CO2e, with Scope 1 emissions at 34,833,015,000 kg CO2e and Scope 2 at 3,357,401,000 kg CO2e. In 2020, the company reported total emissions of approximately 33,291,600,000 kg CO2e for Scope 1, 3,818,667,000 kg CO2e for Scope 2, and 36,500,432,000 kg CO2e for Scope 3. The emissions per tonne of steel produced were approximately 1,870 kg CO2e, with Scope 1 emissions per tonne at about 1,690 kg CO2e. Despite these figures, China Baowu Steel Group has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The company operates within a challenging industry context, where steel production is a significant contributor to global carbon emissions. As such, ongoing efforts to enhance sustainability and reduce emissions are critical for aligning with global climate commitments.
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| 2018 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 29,889,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 2,051,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 63,894,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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 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.
