MARUBENI-ITOCHU STEEL INC Sustainability Profile
Marubeni-Itochu Steel Inc., a prominent player in the steel industry, is headquartered in Japan and operates extensively across Asia, Europe, and North America. Founded in 2003, the company emerged from a strategic partnership between Marubeni Corporation and Itochu Corporation, leveraging their extensive networks and expertise in steel trading and manufacturing. Specialising in a diverse range of steel products, including flat and long steel, Marubeni-Itochu Steel distinguishes itself through its commitment to quality and innovation. The company has achieved significant milestones, establishing a strong market position as a reliable supplier to various sectors, including construction, automotive, and energy. With a focus on sustainability and advanced technology, Marubeni-Itochu Steel continues to enhance its offerings, solidifying its reputation as a leader in the global steel market.
DitchCarbon Score
How does MARUBENI-ITOCHU STEEL INC'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 and Steel Production 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
MARUBENI-ITOCHU STEEL INC's score of 25 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MARUBENI-ITOCHU STEEL INC's reported carbon emissions
In 2024, Marubeni-Itochu Steel Inc., headquartered in Japan, reported total carbon emissions of approximately 18,924,000 kg CO2e for Scope 1 and about 38,101,000 kg CO2e for Scope 2, resulting in a combined total of around 57,025,000 kg CO2e for Scope 1 and 2 emissions. The company also disclosed significant Scope 3 emissions, with upstream transportation and distribution alone contributing approximately 1,598,553,000 kg CO2e. Comparatively, in 2023, the company recorded Scope 1 emissions of about 19,926,000 kg CO2e and Scope 2 emissions of approximately 50,791,000 kg CO2e, leading to a total of around 70,717,000 kg CO2e for Scope 1 and 2. The emissions data shows a slight decrease in Scope 1 emissions from 2023 to 2024, while Scope 2 emissions also saw a reduction. Marubeni-Itochu Steel Inc. has not set specific reduction targets or climate pledges, and there are no reported initiatives under the Science Based Targets initiative (SBTi). The company’s emissions data is cascaded from its parent company, ITOCHU Corporation, reflecting its current subsidiary status. Overall, while Marubeni-Itochu Steel Inc. has made strides in reporting its emissions, the absence of defined reduction targets highlights an area for potential improvement in its climate commitments.
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| 2020 | 2021 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 9,851,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 69,563,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 |
How Carbon Intensive is MARUBENI-ITOCHU STEEL INC's Industry?
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MARUBENI-ITOCHU STEEL INC's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 92% of Scope 3 emissions.
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MARUBENI-ITOCHU STEEL INC'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.
MARUBENI-ITOCHU STEEL INC 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.
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