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 54 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Outokumpu's reported carbon emissions
In 2023, Outokumpu reported total carbon emissions of approximately 3,464,311,000 kg CO2e, comprising 1,013,282,000 kg CO2e from Scope 1, 141,599,000 kg CO2e from Scope 2, and 2,309,430,000 kg CO2e from Scope 3 emissions. This reflects a commitment to reducing greenhouse gas emissions across all scopes. Outokumpu has set an ambitious target to reduce its greenhouse gas emissions by 42% per tonne of stainless steel by 2030, using 2016 as the baseline year. This target encompasses all scopes of emissions, including biogenic emissions and removals from bioenergy feedstocks. The company aims to achieve this reduction through various initiatives and improvements in operational efficiency. Historically, Outokumpu's emissions have shown fluctuations, with total emissions recorded at approximately 5,588,062,000 kg CO2e in 2016, which included 1,213,634,000 kg CO2e from Scope 1, 1,210,872,000 kg CO2e from Scope 2, and 3,163,556,000 kg CO2e from Scope 3. The company has made strides in reducing its carbon intensity, with a reported emission intensity of about 1,520 kg CO2e per tonne of steel in 2023. Overall, Outokumpu's climate commitments align with industry standards and reflect a proactive approach to addressing climate change within the steel manufacturing sector.
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| 2013 | 2014 | 2015 | 2016 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Scope 3 | - | - | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 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 committed to some reduction initiatives 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.
