Kobe Steel

Kobe Steel, a Japanese company in the basic iron and steel and ferro-alloys and first products thereof industry, reported total emissions of approximately 40.8 billion kg CO2e in 2024. This includes approximately 14.2 billion kg CO2e from Scope 1, 800 million kg CO2e from Scope 2, and 25.8 billion kg CO2e from Scope 3 emissions.

In 2023, the company's total emissions were approximately 42.6 billion kg CO2e, with Scope 1 emissions at about 14.7 billion kg CO2e, Scope 2 at 900 million kg CO2e, and Scope 3 at 27.0 billion kg CO2e.

Kobe Steel has set a long-term goal to achieve carbon neutrality by 2050 across all scopes. For near-term targets, the company aims to reduce CO2 emissions from production processes by 30-40% by 2030, compared to a 2013 baseline. This reduction target covers Scope 1 and Scope 2 emissions from major business locations of Kobe Steel, Ltd. and Kobelco Construction Machinery Co., Ltd., which collectively accounted for about 95% of the entire Group's CO2 emissions in fiscal year 2021. As of fiscal year 2022, they had achieved a 20% reduction compared to the fiscal 2013 baseline.