China Baowu Steel Group Co.,Ltd Sustainability Profile
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 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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 10,617,000,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 285,000,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, Scope 3 emissions totalled about 2,753,000,000 kg CO2e, encompassing various indirect emissions, including those from purchased goods and services (1,876,000,000 kg CO2e) and upstream transportation and distribution (327,000,000 kg CO2e). Comparatively, in 2022, the company reported total emissions of approximately 14,165,000,000 kg CO2e, with Scope 1 emissions at 10,418,000,000 kg CO2e and Scope 2 emissions at 338,000,000 kg CO2e. The Scope 3 emissions for that year were about 3,409,000,000 kg CO2e. Despite the significant emissions figures, there are currently no publicly disclosed reduction targets or climate pledges from China Baowu Steel Group Co., Ltd. The company has not cascaded any specific science-based targets or initiatives from parent organisations, indicating that its emissions data and climate commitments are self-reported without external influence. Overall, China Baowu Steel Group Co., Ltd 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.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 |
How Carbon Intensive is China Baowu Steel Group Co.,Ltd's Industry?
How Carbon Intensive is China Baowu Steel Group Co.,Ltd's Location?
China Baowu Steel Group Co.,Ltd's Scope 3 Categories Breakdown
China Baowu Steel Group Co.,Ltd's Scope 3 emissions, which decreased by 19% last year and decreased by approximately 20% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 20% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 68% of Scope 3 emissions.
Top Scope 3 Categories
China Baowu Steel Group Co.,Ltd's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
China Baowu Steel Group Co.,Ltd has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
