Daido Steel Co
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 27 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Daido Steel Co's reported carbon emissions
In 2022, Daido Steel Co., headquartered in Japan, reported significant carbon emissions across various scopes. The company disclosed Scope 1 emissions of approximately 367,000,000 kg CO2e, Scope 2 emissions of about 457,000,000 kg CO2e, and Scope 3 emissions totalling around 1,451,000,000 kg CO2e. Notably, the Scope 3 emissions included substantial contributions from purchased goods and services (about 1,136,000,000 kg CO2e) and fuel and energy-related activities (approximately 191,000,000 kg CO2e). Daido Steel has set ambitious climate commitments, aiming to achieve carbon neutrality by 2050. The company has established specific reduction targets, including a 50% reduction in Scope 1 and Scope 2 emissions by 2030 compared to 2013 levels. Additionally, Daido Steel plans to switch to CO2-free power sources for its Scope 2 emissions and enhance combustion efficiency and heat recovery technologies for its Scope 1 emissions. The company’s commitment to sustainability is further underscored by its ongoing initiatives to reduce CO2 emissions, with a target of a 68% reduction in Scope 2 emissions by 2030. These efforts reflect Daido Steel's proactive approach to addressing climate change and its alignment with industry standards for emissions reduction.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 449,000,000 | - | - | - | - | - | - | - | - | 000,000,000 |
| Scope 2 | 595,000,000 | - | - | - | - | - | - | - | - | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | 0,000,000,000 |
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.
Daido Steel Co is not participating in any 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.
