Public Profile

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.

22

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.

14

Industry Benchmark

Daido Steel Co's score of 22 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.

79%

Daido Steel Co's reported carbon emissions

In 2023, Daido Steel Co, headquartered in Japan, reported total carbon emissions of approximately 4,000,000,000 kg CO2e. This figure includes 1,473,000,000 kg CO2e from Scope 1 emissions, 820,000,000 kg CO2e from Scope 2 emissions, and 1,441,000,000 kg CO2e from Scope 3 emissions. Over the years, Daido Steel has shown a trend in its emissions data. For instance, in 2022, the company emitted about 2,732,000,000 kg CO2e, with Scope 1 emissions at 824,000,000 kg CO2e, Scope 2 at 522,000,000 kg CO2e, and Scope 3 at 1,044,000,000 kg CO2e. This indicates a significant increase in emissions in 2023 compared to the previous year. Despite the increase in emissions, there are no specific reduction targets or climate pledges documented for Daido Steel Co. The company operates within the iron and steel industry, which is known for its high carbon intensity, and it has not publicly committed to any science-based targets or reduction initiatives as of the latest data. Overall, Daido Steel Co's emissions reflect the challenges faced by the steel industry in reducing carbon footprints, highlighting the need for more robust climate commitments and strategies moving forward.

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Add to project
20132014201520162017201820192020202120222023
Scope 1
1,261,000,000
0,000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
0,000,000,000
Scope 2
595,000,000
000,000
000,000
0,000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
Scope 3
1,451,000,000
000,000
0,000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
0,000,000,000
0,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Daido Steel Co's primary industry is Basic iron and steel and of ferro-alloys and first products thereof, which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Daido Steel Co is headquartered in JP, which has a rank of low, indicating low grid carbon 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 committed to some reduction initiatives 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.

SBTi
CDP
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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