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Kobe Steel, officially known as Kobe Steel, Ltd., is a prominent player in the basic iron and steel industry, headquartered in Japan. Established in 1905, the company has evolved into a leading manufacturer of steel products, ferro-alloys, and various first products derived from these materials. With major operations across Asia, North America, and Europe, Kobe Steel has solidified its position in the global market.
The company is renowned for its high-quality steel products, including specialty steels and aluminium, which are integral to various sectors such as automotive, construction, and machinery. Kobe Steel's commitment to innovation and sustainability sets it apart, enabling it to meet the evolving demands of its customers. With a rich history and a focus on technological advancement, Kobe Steel continues to achieve significant milestones, reinforcing its status as a key player in the steel industry.
+20 vs industry average
Kobe Steel’s score of 38 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Iron and Steel Production is among the most carbon-intensive industries
The Iron and Steel Production industry has reduced its overall emissions by 27% since 2018
Scope 3 accounts for ••• of total emissions.
Kobe Steel, headquartered in Japan and operating in the basic iron and steel and ferro-alloys industry, reported total emissions of approximately 40.8 billion kg CO2e in 2024. This figure includes Scope 1 emissions of 14.2 billion kg CO2e, Scope 2 emissions of 800 million kg CO2e, and Scope 3 emissions of about 25.83 billion kg CO2e.
Looking back, in 2023, the company's Scope 1 emissions were 14.7 billion kg CO2e, Scope 2 emissions were 900 million kg CO2e, and Scope 3 emissions were approximately 26.97 billion kg CO2e. In 2022, Scope 1 emissions were 14.7 billion kg CO2e, Scope 2 emissions were 800 million kg CO2e, and Scope 3 emissions were roughly 26.87 billion kg CO2e.
Kobe Steel is committed to achieving carbon neutrality by 2050. The company also aims to reduce its Scope 1 and Scope 2 CO2 emissions from production processes by 30-40% by 2030, compared to a 2013 baseline. As of fiscal year 2021, a 16% reduction had been achieved against the 2013 baseline for Scope 1 and Scope 2 emissions from major business locations.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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