JFE Group
JFE Group, officially known as JFE Holdings, Inc., is a prominent player in the global steel and engineering industry, headquartered in Korea (KR). Founded in 2002, the company has rapidly established itself as a leader in the production of high-quality steel products and advanced engineering solutions, serving diverse sectors such as automotive, construction, and energy. With major operational regions across Asia and beyond, JFE Group is renowned for its innovative approach to steel manufacturing, offering unique products that combine strength and sustainability. The company’s commitment to research and development has led to significant milestones, including advancements in eco-friendly steel production techniques. JFE Group's market position is bolstered by its reputation for reliability and excellence, making it a trusted partner in the global marketplace.
DitchCarbon Score
How does JFE Group'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 Construction Work 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
JFE Group's score of 19 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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JFE Group's reported carbon emissions
In 2022, JFE Group reported total carbon emissions of approximately 49,000,000,000 kg CO2e for Scope 1, about 7,100,000,000 kg CO2e for Scope 2, and around 23,184,000,000 kg CO2e for Scope 3 emissions. This indicates a significant reliance on both direct and indirect emissions, with Scope 3 emissions representing a substantial portion of their overall carbon footprint. Over the years, JFE Group has shown a trend of decreasing emissions. For instance, in 2021, their Scope 1 emissions were about 51,900,000,000 kg CO2e, and in 2020, they were approximately 46,600,000,000 kg CO2e. This reflects a commitment to reducing their carbon impact, although specific reduction targets or initiatives have not been disclosed. The company has not outlined any specific science-based targets or climate pledges, indicating a potential area for future commitment. JFE Group's emissions data highlights the importance of addressing both direct and indirect emissions in their sustainability strategy, particularly in the context of the iron and steel industry, which is known for its high carbon intensity.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 61,200,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 6,400,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
JFE Group is not committed to any 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.
