Daido Steel Co Sustainability Profile
Daido Steel Co., Ltd., commonly referred to as Daido Steel, is a prominent player in the global steel industry, headquartered in Japan. Established in 1916, the company has evolved into a leader in the production of high-quality steel products, particularly in the fields of special steel and alloy materials. With major operations across Asia, Europe, and North America, Daido Steel serves a diverse range of sectors, including automotive, aerospace, and machinery. The company is renowned for its innovative core products, such as high-strength steel and precision-engineered components, which are distinguished by their exceptional durability and performance. Daido Steel's commitment to research and development has positioned it as a market leader, achieving notable milestones in sustainability and technological advancement. With a strong reputation for quality and reliability, Daido Steel continues to shape the future of the steel industry.
DitchCarbon Score
How does Daido Steel Co'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 Iron and Steel Production 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
Daido Steel Co's score of 33 is higher than 62% 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
Daido Steel Co's reported carbon emissions
In 2023, Daido Steel Co., headquartered in Japan, reported significant carbon emissions, with a total of approximately 1,441,000,000 kg CO2e attributed to Scope 3 emissions. This figure includes major contributions from purchased goods and services (about 1,116,000,000 kg CO2e), fuel and energy-related activities (approximately 187,000,000 kg CO2e), and waste generated in operations (around 15,000,000 kg CO2e). Notably, Daido Steel does not disclose Scope 1 and Scope 2 emissions data for this year. For the previous year, 2022, Daido Steel's emissions included about 352,000,000 kg CO2e for Scope 1 and approximately 457,000,000 kg CO2e for Scope 2, resulting in a combined total of around 804,000,000 kg CO2e for these scopes. The total Scope 3 emissions for 2022 were reported at approximately 1,451,000,000 kg CO2e. Daido Steel has set ambitious reduction targets, aiming to achieve a 50% reduction in Scope 1 and Scope 2 emissions by 2030 compared to 2013 levels. Additionally, they plan to switch to CO2-free power sources for Scope 2 emissions and implement high-efficiency combustion technology for Scope 1 emissions. The company has also committed to achieving carbon neutrality across all scopes by 2050, aligning with the development of decarbonisation technologies and infrastructure. These commitments reflect Daido Steel's proactive approach to addressing climate change and reducing its carbon footprint in the steel industry.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,044,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 2 | 178,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 3 | - | - | - | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Daido Steel Co's Industry?
How Carbon Intensive is Daido Steel Co's Location?
Daido Steel Co's Scope 3 Categories Breakdown
Daido Steel Co's Scope 3 emissions, which decreased by 1% last year and decreased by approximately 1% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 64% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 77% of Scope 3 emissions.
Top Scope 3 Categories
Daido Steel Co'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.
Daido Steel Co has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
