LKAB
LKAB, or Luossavaara-Kiirunavaara Aktiebolag, is a leading Swedish mining company headquartered in Luleå, Sweden. Established in 1890, LKAB has evolved into a key player in the iron ore industry, primarily operating in the northern regions of Sweden and Norway. The company is renowned for its high-quality iron ore products, including pellets and fines, which are essential for steel production. With a strong commitment to sustainability, LKAB has pioneered innovative mining techniques and is actively working towards reducing its carbon footprint. The company holds a significant market position, being one of Europe’s largest iron ore producers, and has achieved notable milestones in environmental stewardship and technological advancements. LKAB's dedication to quality and sustainability sets it apart in the competitive mining landscape.
DitchCarbon Score
How does LKAB'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 Iron Ores 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
LKAB's score of 41 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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LKAB's reported carbon emissions
In 2024, LKAB reported total carbon emissions of approximately 27,174,000,000 kg CO2e. This figure includes Scope 1 emissions of about 584,000,000 kg CO2e, Scope 2 emissions of approximately 16,000,000 kg CO2e (market-based), and a significant Scope 3 total of around 26,574,000,000 kg CO2e. The Scope 3 emissions are primarily driven by the processing of sold products, which alone accounts for about 23,409,000,000 kg CO2e. In 2023, LKAB's emissions were approximately 29,816,352,000 kg CO2e, with no reported Scope 1 or Scope 2 emissions data for that year. The previous year, 2022, saw total emissions of about 6,454,000,000 kg CO2e, with Scope 1 emissions at approximately 6,372,000,000 kg CO2e and Scope 2 emissions around 81,000,000 kg CO2e. LKAB has set ambitious climate commitments, aiming for a 50% reduction in carbon emissions (Scope 1 and 2) by 2030 from 2021 levels. This includes a near-term goal to phase out fossil fuels by 2025. Additionally, they are targeting a 25% reduction in emissions (Scope 1 and 2) by 2030 compared to 2020 levels, with an interim goal of 15% reduction by 2026. Furthermore, LKAB aims to reduce energy consumption per tonne of finished product by 10% by 2030, compared to 2021 levels. The company has a long-term vision to achieve net-zero emissions across all scopes by 2045, which encompasses a comprehensive transformation plan addressing the entire value chain. These commitments reflect LKAB's dedication to sustainability and reducing its carbon footprint in the mining industry.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 626,100,000 | 0,000,000,000 | - | 000,000,000 |
| Scope 2 | 500,000 | 00,000,000 | - | 00,000,000 |
| Scope 3 | - | - | 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.
LKAB is not participating in any of the initiatives that 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.
