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 38 is higher than 97% 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 2023, Daido Steel Co reported total carbon emissions of approximately 2,293,000,000 kg CO2e, comprising 771,000,000 kg CO2e from Scope 1, 522,000,000 kg CO2e from Scope 2, and 1,044,000,000 kg CO2e from Scope 3 emissions. This reflects a decrease in Scope 1 emissions from 824,000,000 kg CO2e in 2022, indicating a commitment to reducing direct emissions. Daido Steel has set ambitious reduction targets, aiming for a 50% reduction in Scope 1 emissions by 2030 compared to 2013 levels, and a 68% reduction in Scope 2 emissions over the same timeframe. Additionally, the company has committed to achieving carbon neutrality across all scopes by 2050, aligning with global decarbonisation efforts. The company is actively implementing strategies to meet these targets, including the expansion of high-efficiency combustion technology and a transition to CO2-free power sources. These initiatives are part of a broader commitment to sustainability and responsible environmental stewardship within the iron and steel industry.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 449,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 595,000,000 | 000,000 | 000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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 | 00,000,000 | 000,000,000 | 00,000,000 | 0,000,000,000 | 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.
