Outokumpu
Outokumpu, a leading global stainless steel manufacturer, is headquartered in Finland (FI) and operates extensively across Europe, North America, and Asia. Founded in 1910, the company has established itself as a key player in the stainless steel industry, focusing on the production of high-quality stainless steel products for various sectors, including construction, automotive, and energy. Outokumpu's core offerings include a diverse range of stainless steel grades and products, such as coils, sheets, and plates, distinguished by their durability and corrosion resistance. The company is renowned for its commitment to sustainability and innovation, positioning itself as a pioneer in eco-friendly steel production. With a strong market presence and a reputation for excellence, Outokumpu continues to achieve significant milestones, reinforcing its status as a trusted partner in the global stainless steel supply chain.
DitchCarbon Score
How does Outokumpu's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Iron and Steel Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Outokumpu's score of 69 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Outokumpu's reported carbon emissions
In 2024, Outokumpu reported total carbon emissions of approximately 3,702,456,000 kg CO2e, with Scope 1 emissions at about 990,643,000 kg CO2e, Scope 2 emissions (market-based) at approximately 364,704,000 kg CO2e, and Scope 3 emissions reaching about 2,347,109,000 kg CO2e. This represents a notable increase from 2023, where total emissions were about 3,464,311,000 kg CO2e, with Scope 1 at approximately 1,013,282,000 kg CO2e and Scope 2 (market-based) at around 141,599,000 kg CO2e. Outokumpu has set ambitious climate commitments, aiming for carbon neutrality by 2050 across all scopes of emissions. Specifically, they have committed to reducing Scope 1, 2, and 3 greenhouse gas emissions by 42% per tonne of stainless steel by 2030, using 2016 as the base year. This target is aligned with the Science Based Targets initiative (SBTi) and includes biogenic emissions and removals from bioenergy feedstocks. Additionally, Outokumpu is working towards making the Kemi mine the world’s first carbon-neutral operating mine by 2025, demonstrating their commitment to reducing Scope 3 emissions as well. The company’s long-term strategy includes achieving carbon neutrality in their operational emissions (Scope 1 and 2) by 2050, reflecting a comprehensive approach to sustainability in the steel industry.
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| 2013 | 2014 | 2015 | 2016 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,274,515,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 2 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000,000 | 0,000,000,000 | - | - | - | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Outokumpu is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
