Nippon Steel

Nippon Steel, a key player in the basic iron and steel industry based in Japan (JP), has established clear commitments to address its carbon emissions. For the reporting year 2024, the company reported total Scope 1 and 2 emissions of approximately 75.1 billion kg CO2e. Across all scopes, their total emissions for 2024 were approximately 93.1 billion kg CO2e. Prior to this, in 2023, total emissions across all scopes stood at approximately 88.9 billion kg CO2e, with Scope 1 and 2 emissions accounting for about 76.4 billion kg CO2e. In 2022, the company's total emissions reached approximately 87.2 billion kg CO2e, with Scope 1 and 2 emissions totalling around 75.3 billion kg CO2e.

Nippon Steel has set an ambitious target to achieve carbon neutrality by 2050. As part of their near-term strategy, they aim for a 30% reduction in total CO2 emissions by 2030, using 2013 as the baseline year. This reduction applies across all scopes, including Scope 1 and Scope 2. Their efforts are focused on decarbonising their steelmaking processes, for example, through initiatives like COURSE50, and by providing high-performance steel products that contribute to CO2 emission reductions throughout society. Additionally, Science Based Targets initiative (SBTi) commitments include a target to reduce absolute Scope 1 and 2 greenhouse gas emissions by 49.8% by fiscal year 2030 from a fiscal year 2020 base year, along with a 25% reduction in absolute Scope 3 emissions within the same timeframe.