JFE Steel Corporation

JFE Steel Corporation, headquartered in Japan, operates in the secondary steel for treatment and re-processing of secondary steel into new steel industries.

For 2024, JFE Steel reported Scope 1 emissions of 39 billion kg CO2e and Scope 2 emissions of 6.3 billion kg CO2e. This follows 2023 figures of 42.3 billion kg CO2e for Scope 1 and 6.1 billion kg CO2e for Scope 2. In 2022, the company's Scope 1 emissions were 44.5 billion kg CO2e, with Scope 2 emissions at 5.9 billion kg CO2e. For 2021, Scope 1 emissions stood at 46.8 billion kg CO2e and Scope 2 at 5.8 billion kg CO2e. In 2020, JFE Steel recorded Scope 1 emissions of 41.9 billion kg CO2e and Scope 2 emissions of 5.4 billion kg CO2e.

JFE Steel has set several climate commitments. The company aims to reduce its Scope 1 emissions by at least 20% by FY2030, compared to a FY2013 baseline. Similarly, it targets a reduction of at least 20% in Scope 2 emissions by FY2030, also against a FY2013 baseline. More broadly, JFE Steel is aiming for a 30% or more intensity reduction across all scopes by FY2030, referencing a FY2023 baseline.

The company is also committed to broader decarbonisation goals, aiming to reduce steel-business GHG emissions by 24% in FY2027 and by 30% or more in FY2030, compared to FY2013 levels. As part of a longer-term strategy, JFE Steel is aligned with the Japanese steel industry's "Basic Policy on 2050 Carbon Neutrality," which declares a bold challenge to achieve zero-carbon steel by 2050.

Emissions data for JFE Steel Corporation is directly reported by the organization itself. However, climate initiatives such as CDP are cascaded from its parent company, JFE Holdings, Inc.