Nippon Steel

Nippon Steel, a Japanese company in the basic iron and steel and ferro-alloys industry, reported total Scope 1 emissions of approximately 63.67 billion kg CO2e and Scope 2 emissions of about 11.42 billion kg CO2e in 2024. In the same year, their Scope 3 emissions included approximately 11.41 billion kg CO2e from purchased goods and services, 2.01 billion kg CO2e from capital goods, and 1.33 billion kg CO2e from investments, among other categories.

For 2023, Nippon Steel's Scope 1 emissions were approximately 64.02 billion kg CO2e, and Scope 2 emissions were about 12.43 billion kg CO2e. Their Scope 3 emissions for 2023 included roughly 12.00 billion kg CO2e from purchased goods and services, 1.57 billion kg CO2e from capital goods, and 1.12 billion kg CO2e from investments.

Looking back to 2022, the company's Scope 1 emissions were approximately 63.40 billion kg CO2e, and Scope 2 emissions were about 11.91 billion kg CO2e. Scope 3 emissions in 2022 included around 12.94 billion kg CO2e from purchased goods and services, 1.50 billion kg CO2e from capital goods, and 1.19 billion kg CO2e from investments.

Nippon Steel has committed to achieving carbon neutrality by 2050. As part of its near-term climate commitments, the company aims to reduce total CO2 emissions by 30% by 2030, compared to a 2013 baseline. This target applies to Scope 1, Scope 2, and all scopes combined. This includes implementing their COURSE50 initiative in existing blast furnace and basic oxygen furnace processes, reducing CO2 emissions in current processes, and establishing an efficient production framework. The company also aims to reduce absolute Scope 1 and 2 GHG emissions by 49.8% and absolute Scope 3 GHG emissions by 25% by fiscal year 2030 from a fiscal year 2020 base year, as part of their near-term Science Based Targets initiative (SBTi) commitments, cascaded from NIPPO CORPORATION.