Jfe

JFE Holdings, Inc. (JP), a key player in the Iron and Steel Mills and Ferroalloy Manufacturing industry, reported a total of approximately 93.1 billion kg CO2e in emissions for the year 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

In 2024, JFE Holdings reported Scope 1 emissions of approximately 44 billion kg CO2e, Scope 2 emissions of approximately 7 billion kg CO2e, and Scope 3 emissions totalling approximately 21.9 billion kg CO2e. Key contributors to its Scope 3 emissions include purchased goods and services, accounting for approximately 18.5 billion kg CO2e, and investments, at approximately 906 million kg CO2e.

Looking at previous years, total emissions were approximately 94.2 billion kg CO2e in 2023 and 92.2 billion kg CO2e in 2022.

JFE Holdings has established several emissions reduction targets. By the end of fiscal year 2024, the company aims for an 18% reduction in GHG emissions from FY2013 levels, focusing on its own plants and offices. A related target is a 40% reduction in CO2 emissions in its plants and offices by FY2024, also relative to FY2013 levels. For a longer-term perspective, JFE Holdings has set a target of a 24% reduction in GHG emissions by FY2027 compared to FY2013. Furthermore, the company aims to reduce GHG emissions by more than 30% by FY2030 compared to FY2013. These targets are supported by significant capital investments, including the installation of new electric arc furnaces for stainless steel manufacturing and the renewal of coke ovens. JFE Holdings also plans to lead in the establishment of capabilities for producing "green steel" using electric arc furnaces.