ORI Martin

ORI Martin, a secondary steel for treatment and re-processing of secondary steel into new steel company based in Italy, reported its total greenhouse gas emissions for 2023 as approximately 665,311,000 kg CO2e. This figure comprises 100,674,000 kg CO2e from Scope 1 emissions, 210,141,000 kg CO2e from Scope 2 (market-based) emissions, and 354,497,000 kg CO2e from Scope 3 emissions.

Looking back, the company's total emissions in 2022 were approximately 697,402,000 kg CO2e, with Scope 1 at 101,787,000 kg CO2e, Scope 2 (market-based) at 202,685,000 kg CO2e, and Scope 3 at 392,930,000 kg CO2e. In 2021, while a total was not explicitly provided, Scope 1 emissions were 99,666,000 kg CO2e, Scope 2 (market-based) were 273,587,000 kg CO2e, and Scope 3 were 501,972,000 kg CO2e. The 2020 figures showed Scope 1 emissions at 88,627,000 kg CO2e, Scope 2 (market-based) at 256,258,000 kg CO2e, and Scope 3 at 469,465,000 kg CO2e. For 2019, total emissions were approximately 520,515,000 kg CO2e, including Scope 1 at 95,023,000 kg CO2e, Scope 2 at 137,737,000 kg CO2e, and Scope 3 at 287,755,000 kg CO2e. In 2018, the total emissions were approximately 580,506,000 kg CO2e, with Scope 1 at 101,585,000 kg CO2e, Scope 2 at 158,863,000 kg CO2e, and Scope 3 at 320,058,000 kg CO2e.

ORI Martin has set ambitious climate commitments, with Science Based Targets initiative (SBTi) approved near-term targets. The company commits to reducing absolute Scope 1 and 2 GHG emissions by 50% by 2030 from a 2023 base year. Additionally, O.R.I. MARTIN S.P.A. aims to reduce Scope 1, 2, and 3 GHG emissions covered by the iron & steel core boundary by 25% per tonne of hot rolled steel by 2030 from a 2023 base year. Furthermore, the company commits to reducing absolute Scope 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations, and downstream transportation and distribution by 25% within the same timeframe. These targets are classified as consistent with reductions required to keep warming to 1.5°C.

A decarbonisation plan is in place with goals for 2030 for Scope 1 and 2 emissions, using 2018 as a baseline. The company has also identified a project that, between 2023 and 2025, is expected to avoid approximately 4,000 metric tons of CO2 per year by preventing the liquefaction of oxygen used in its operations, impacting both Scope 1 and Scope 2 emissions. The company aims for a 30% reduction in Scope 1 and Scope 2 emissions per tonne of billets produced by 2030, again using 2018 as the baseline.