Nippon Steel

Nippon Steel, headquartered in Japan and operating in the basic iron and steel and ferro-alloys industry, reported Scope 1 emissions of 63,672,000,000 kg CO2e, Scope 2 emissions of 11,423,000,000 kg CO2e, and Scope 3 emissions including investments (1,334,000,000 kg CO2e), capital goods (2,005,000,000 kg CO2e), and purchased goods and services (11,413,000,000 kg CO2e) for 2024.

Nippon Steel has set ambitious climate commitments. The company aims to achieve carbon neutrality by 2050. As part of its near-term targets, Nippon Steel and its consolidated crude steelmaking companies are committed to a 30% reduction in total CO2 emissions by 2030, compared to a 2013 baseline. This target covers Scope 1 and Scope 2 emissions.

The company's Science Based Targets initiative (SBTi) commitments, under the name NIPPO CORPORATION, include a 49.8% absolute reduction in Scope 1 and 2 GHG emissions by FY2030 from a FY2020 base year. Additionally, a 25% absolute reduction in Scope 3 GHG emissions is targeted within the same timeframe, consistent with reductions required to keep warming to 1.5°C.