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 27 is higher than 57% 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 total carbon emissions of approximately 1.45 billion kg CO2e. This figure includes 367 million kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 457 million kg CO2e from Scope 2 emissions related to purchased electricity. Scope 3 emissions were significantly higher, totalling about 1.45 billion kg CO2e, with the largest contributions from purchased goods and services (approximately 1.14 billion kg CO2e). Daido Steel has set ambitious climate commitments, aiming for carbon neutrality by 2050. The company initiated a comprehensive project in November 2020 to establish long-term strategic reduction targets across all scopes. Specific near-term targets include 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 operations and enhance combustion efficiency through advanced technologies. The company’s commitment to sustainability is further underscored by its ongoing efforts to align with decarbonisation technologies and infrastructure development, ensuring a proactive approach to mitigating climate impact.
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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 |
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Daido Steel Co's Scope 3 Categories Breakdown
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 78% of Scope 3 emissions.
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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.
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