Jfe

JFE, headquartered in Japan and operating in the Iron and Steel Mills and Ferroalloy Manufacturing industry, reported approximately 45.3 billion kg CO2e in Scope 1 and Scope 2 emissions for 2024. This follows a total of approximately 48.3 billion kg CO2e for Scope 1 and Scope 2 emissions in 2023.

In 2017, JFE disclosed Scope 1, Scope 2, and Scope 3 emissions. Scope 1 emissions were approximately 54.9 billion kg CO2e, Scope 2 emissions were approximately 7.4 billion kg CO2e, and Scope 3 emissions totalled approximately 16.272 billion kg CO2e. Key categories within Scope 3 included approximately 13.048 billion kg CO2e from purchased goods and services, and approximately 1.122 billion kg CO2e from investments.

JFE has set a near-term absolute GHG emissions reduction target of 24% against a 2013 baseline, to be achieved by fiscal year 2027. This target covers all scopes and will primarily be met through capital investments, such as installing a new electric arc furnace and renewing coke ovens. For fiscal year 2030, JFE aims to reduce GHG emissions by over 30%, planning to construct a large, high-efficiency innovative electric arc furnace with an annual production capacity of around 2 million tonnes of steel. This initiative, operational from fiscal year 2028, is intended to enable the production and supply of high-quality green steel. JFE targets an annual supply capacity of 3 million tonnes of green steel by fiscal year 2030.