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Chongqing Iron & Steel Company Limited, often referred to as Chongqing Steel, is a prominent player in the basic iron and steel industry, headquartered in Chongqing, China. Established in 1958, the company has evolved into a key manufacturer of high-quality iron and steel products, including ferro-alloys and various first products derived from these materials.
With a strong operational presence in the southwestern region of China, Chongqing Steel is renowned for its commitment to innovation and sustainability. The company’s core offerings include a diverse range of steel products that cater to construction, automotive, and machinery sectors, distinguished by their durability and performance.
Chongqing Iron & Steel has achieved significant milestones, solidifying its market position as a leading steel producer in the region, and continues to contribute to the advancement of the iron and steel industry through its focus on quality and technological development.
16
DitchCarbon score
-2 vs industry average
Chongqing Iron & Steel Company Limited’s score of 16 is lower than 40% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Iron and Steel Production is among the most carbon-intensive industries
Industry performance
2.965
20182025
The Iron and Steel Production industry has reduced its overall emissions by 27% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Chongqing Iron & Steel Company Limited's reported carbon emissions
Chongqing Iron & Steel Company Limited, based in CN and operating in the basic iron and steel industry, reported its carbon emissions for 2024 as approximately 11.6 billion kg CO2e. This included Scope 1 emissions of about 11.8 billion kg CO2e and Scope 2 emissions of approximately -208.6 million kg CO2e.
In 2023, the company's total emissions were around 15.6 billion kg CO2e, comprising Scope 1 emissions of about 15.5 billion kg CO2e and Scope 2 emissions of approximately 179.3 million kg CO2e. For 2022, total emissions were approximately 13.4 billion kg CO2e, with Scope 1 emissions of about 12.9 billion kg CO2e and Scope 2 emissions of approximately 533.3 million kg CO2e.
The company has set a long-term goal of achieving carbon neutrality by 2050. Specific CO2 emission intensities per tonne of steel were 1,476 kg in 2024, 1,487 kg in 2023, 1,578 kg in 2022, and 1,480 kg in 2021.
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Chongqing Iron & Steel Company Limited’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Chongqing Iron & Steel Company Limited1 day ago
16
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