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 36 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
LKAB's reported carbon emissions
In 2023, LKAB reported total carbon emissions of approximately 663,200,000 kg CO2e. This figure includes Scope 1 emissions of about 637,200,000 kg CO2e, Scope 2 emissions of approximately 8,100,000 kg CO2e, and Scope 3 emissions totalling around 20,800,000 kg CO2e, primarily from capital goods and purchased goods and services. Comparatively, in 2022, LKAB's total emissions were also about 661,400,000 kg CO2e, with Scope 1 emissions at approximately 661,000,000 kg CO2e, Scope 2 at around 8,100,000 kg CO2e, and Scope 3 emissions reaching about 31,300,000 kg CO2e. Despite these figures, LKAB has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term climate strategy. As a leading player in the mining industry, LKAB's emissions profile highlights the importance of addressing carbon footprints in alignment with global climate goals.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 647,800,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 13,600,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 |
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 committed to any reduction initiatives 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.
