ORI Martin

ORI Martin's reported carbon emissions

ORI Martin, based in Italy and operating in the secondary steel treatment and reprocessing industry, reported approximately 665.3 million kg CO2e in total emissions for 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. In 2022, the company's total emissions were approximately 697.4 million kg CO2e. ORI Martin has established significant climate commitments and reduction targets, aligning with a 1.5°C trajectory. The company commits to reducing absolute Scope 1 greenhouse gas (GHG) emissions by 50.0% by 2030 from a 2023 base year. Similarly, absolute Scope 2 GHG emissions are targeted for a 50.0% reduction by 2030 against the same 2023 baseline. Furthermore, ORI Martin aims to reduce Scope 1, 2, and 3 GHG emissions within the iron and steel core boundary by 25.0% per tonne of hot-rolled steel by 2030, using 2023 as the baseline year. The company also commits to a 25.0% reduction in absolute Scope 3 GHG emissions by 2030, specifically addressing emissions from purchased goods and services, fuel- and energy-related activities, upstream and downstream transportation, and distribution, and waste generated in operations. These targets have been verified by the Science Based Targets initiative (SBTi). Historically, total emissions were approximately 520.5 million kg CO2e in 2019 and about 580.5 million kg CO2e in 2018. In addition to SBTi targets, ORI Martin previously aimed to save approximately 4,000 tonnes of CO2 per year through a project that avoided the liquefaction of oxygen used, with this initiative spanning from 2023 to 2025. The company is also working on a decarbonisation plan with objectives for Scope 1 and 2 emissions by 2030, using 2018 as a baseline. A goal was set to reduce Scope 1 and 2 emissions per tonne of billets produced by 30% by 2030, against a 2018 baseline.