Jfe

JFE, a Japanese iron and steel manufacturer, reported total emissions of approximately 72.89 billion kg CO2e in 2024. This includes Scope 1 emissions of approximately 44 billion kg CO2e, Scope 2 emissions of approximately 7 billion kg CO2e, and Scope 3 emissions of approximately 21.89 billion kg CO2e.

Looking back, in 2023, JFE's total emissions were approximately 77.30 billion kg CO2e, with Scope 1 at approximately 47.40 billion kg CO2e, Scope 2 at approximately 7.20 billion kg CO2e, and Scope 3 at approximately 22.70 billion kg CO2e. In 2022, total emissions were approximately 79.28 billion kg CO2e, comprising Scope 1 emissions of approximately 49 billion kg CO2e, Scope 2 emissions of approximately 7.10 billion kg CO2e, and Scope 3 emissions of approximately 23.18 billion kg CO2e.

JFE has set several climate commitments. The company aims to reduce Scope 1 greenhouse gas (GHG) emissions by 18% from fiscal year (FY) 2013 levels by the end of FY2024. For Scope 2, JFE targets a 40% reduction in CO2 emissions from its own plants and offices by FY2024, compared to FY2013 levels. Across all scopes, JFE has a near-term target to reduce GHG emissions by 24% by FY2027, against a FY2013 baseline. This will primarily be achieved through capital investments, including installing a new electric arc furnace for stainless-steel manufacturing and renewing coke ovens. By FY2030, JFE aims to reduce GHG emissions by over 30%. A key initiative for this target is the construction of a large, high-efficiency innovative electric arc furnace in the West Japan Works' Kurashiki District, projected to begin operation in FY2028, with an annual production capacity of approximately 2 million tonnes of high-quality steel materials. JFE also plans to achieve an annual supply capacity of 3 million tonnes of "green steel" by FY2030.