Nippon Steel

Nippon Steel's reported carbon emissions

## Nippon Steel Carbon Emissions and Climate Commitments Nippon Steel, headquartered in Japan and operating within the basic iron and steel industry, has set ambitious climate targets. The company is committed to achieving carbon neutrality by 2050. **Emissions Data:** In 2024, Nippon Steel reported total emissions of approximately 93.1 billion kg CO2e. This figure encompasses Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions were approximately 63.7 billion kg CO2e, Scope 2 emissions were around 11.4 billion kg CO2e, and Scope 3 emissions accounted for approximately 18.0 billion kg CO2e. For 2023, total emissions were approximately 91.5 billion kg CO2e, with Scope 1 at roughly 64.0 billion kg CO2e, Scope 2 at approximately 12.4 billion kg CO2e, and Scope 3 at around 15.1 billion kg CO2e. **Climate Commitments and Reduction Targets:** Nippon Steel aims to reduce its total CO2 emissions by 30% by 2030, using 2013 as the baseline year. This target applies across all scopes. The company is actively pursuing decarbonisation of its steelmaking processes and developing high-performance steel products and solutions that contribute to reducing CO2 emissions throughout society. Furthermore, Nippon Steel has committed to achieving net zero greenhouse gas emissions by 2050. This long-term goal is supported by near-term targets for emission reductions. The Science Based Targets initiative (SBTi) has validated Nippon Steel's near-term commitments, including a target to reduce absolute Scope 1 and 2 GHG emissions by 49.8% by FY2030 from a FY2020 base year. Additionally, Nippon Steel commits to reducing absolute Scope 3 GHG emissions by 25% within the same timeframe.