Metalúrgica Galaica S.A. Sustainability Profile
Metalúrgica Galaica S.A., commonly referred to as Megasa, is a prominent player in the steel industry, headquartered in Spain. Established in 1965, the company has grown to become a leader in the production of high-quality steel products, serving various sectors including construction, automotive, and energy. With operational facilities strategically located across Europe, Megasa is renowned for its innovative approach to steel manufacturing. The company’s core offerings include a diverse range of steel products, such as reinforcing bars and wire rods, distinguished by their superior strength and durability. Megasa's commitment to sustainability and advanced technology has positioned it as a market leader, earning recognition for its contributions to the industry. With a focus on quality and customer satisfaction, Metalúrgica Galaica S.A. continues to set benchmarks in the steel sector.
DitchCarbon Score
How does Metalúrgica Galaica S.A.'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
Metalúrgica Galaica S.A.'s score of 10 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Metalúrgica Galaica S.A.'s reported carbon emissions
In 2023, Metalúrgica Galaica S.A. reported total direct (Scope 1) carbon emissions of approximately 195,057,000 kg CO2e. This marks an increase from 2022, where emissions were about 186,579,000 kg CO2e. The company has set ambitious targets to halve its direct emissions by 2030, aiming for a 50% reduction from the 2023 levels. This commitment applies to both Scope 1 and Scope 2 emissions, reflecting a proactive approach to climate action. Historically, the company’s emissions have fluctuated, with 2021 emissions recorded at about 221,804,000 kg CO2e and 2020 emissions at approximately 1,083,834,000 kg CO2e, which included both Scope 1 and Scope 2 emissions. The significant reduction target for 2030 indicates a strategic shift towards sustainability and a commitment to reducing its carbon footprint. Metalúrgica Galaica S.A. operates as a current subsidiary and has cascaded data from its corporate family, ensuring alignment with broader sustainability initiatives. The company is focused on enhancing its environmental performance and contributing to global climate goals.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 231,250,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 852,584,000 | - | - | - |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Metalúrgica Galaica S.A.'s Industry?
How Carbon Intensive is Metalúrgica Galaica S.A.'s Location?
Metalúrgica Galaica S.A.'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.
Metalúrgica Galaica S.A. 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.
