LKAB Sustainability Profile
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 29 is higher than 69% 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 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 about 26,574,000,000 kg CO2e. The Scope 3 emissions are primarily driven by the processing of sold products, which 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 data for that year. The company has set ambitious climate commitments, aiming for a 50% reduction in carbon emissions by 2030 from 2021 levels, specifically targeting both Scope 1 and Scope 2 emissions. Additionally, LKAB is working towards eliminating its carbon emissions by phasing out fossil fuels, with a near-term goal set for 2025. The long-term vision includes achieving carbon-free processes and products by 2045, encompassing all scopes of emissions. LKAB's commitment to reducing energy consumption per tonne of finished product by 10% by 2030 further underscores its dedication to sustainability. Overall, LKAB's emissions data and climate commitments reflect a proactive approach to addressing climate change, with clear targets and a focus on reducing both direct and indirect emissions across its operations.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 647,800,000 | 000,000,000 | - | 000,000,000 |
| Scope 2 | 13,600,000 | 0,000,000 | - | 00,000,000 |
| Scope 3 | - | - | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is LKAB's Industry?
How Carbon Intensive is LKAB's Location?
LKAB's Scope 3 Categories Breakdown
LKAB's Scope 3 emissions, which decreased by 11% last year and decreased by approximately 11% since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Processing of Sold Products" being the largest emissions source at 88% of Scope 3 emissions.
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LKAB's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
LKAB has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
