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OrganisationsOutokumpu
Outokumpu logo

Outokumpu

Iron and Steel ProductionFinlandPNK: OUTKY
Last verified 6 months agooutokumpu.com

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 in the basic iron and steel industry, specialising in ferro-alloys and the production of high-quality stainless steel products.

Outokumpu's core offerings include a diverse range of stainless steel grades and products, known for their durability and corrosion resistance, making them ideal for various applications in industries such as construction, automotive, and energy. The company is recognised for its commitment to sustainability and innovation, positioning itself as a market leader in the stainless steel sector. With a rich history and a focus on quality, Outokumpu continues to achieve significant milestones, reinforcing its reputation as a trusted partner in the global steel market.

77
DitchCarbon score

+60 vs industry average

Outokumpu’s score of 77 is higher than 90% 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 sustainability team

Pia Dürrschnabel

Pia Dürrschnabel

ESG Advisory Council Member

Pia Lindqvist

Pia Lindqvist

Head of Supplier Sustainability

Industry Intensity

Very High

Iron and Steel Production is among the most carbon-intensive industries

Industry performance

2.965
20182025

The Iron and Steel Production industry has reduced its overall emissions by 27% since 2018

Emissions trajectory 2020 – 2028

0.0B0.0B0.0B0.0B0

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202020212022202320242025202620272028

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Outokumpu's reported carbon emissions

Outokumpu, a company in the basic iron and steel and ferro-alloys industry headquartered in Finland, has reported significant progress in its climate commitments and emissions reduction efforts.

For 2025, Outokumpu reported a total of approximately 3.64 billion kg CO2e in emissions. This comprised roughly 1.03 billion kg CO2e for Scope 1, approximately 374 million kg CO2e for Scope 2 (market-based), and about 2.24 billion kg CO2e for Scope 3. The company also provided detailed breakdowns for Scope 3 emissions, with purchased goods and services accounting for the largest portion at approximately 1.67 billion kg CO2e.

In 2024, total emissions were approximately 3.70 billion kg CO2e. Scope 1 emissions stood at about 991 million kg CO2e, Scope 2 at around 365 million kg CO2e (market-based), and Scope 3 emissions totalled approximately 2.35 billion kg CO2e.

Outokumpu is committed to achieving carbon neutrality by 2050. This long-term vision encompasses all scopes of emissions. Furthermore, the company has set a near-term goal to reduce its direct, indirect, and supply chain emission intensity by 42% by 2030, using a 2016 baseline. This target is aligned with the Science Based Targets initiative (SBTi) to keep global warming below 1.5 degrees Celsius. Outokumpu also aims for the Kemi mine to be the world's first carbon-neutral operating mine by 2025.

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Outokumpu’s Climate Goals (2030 & 2050)

7 goals

2050

Outokumpu aims to reach carbon neutrality by 2050

Outokumpu aims to reach carbon neutrality by 2050.

On track0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

8 of 15 categories disclosed
Purchased Goods & Services74%
Downstream Transportation & Distribution10%
Use of Sold Products6%
Fuel & Energy Activities6%
Capital Goods2%
Upstream Transportation & Distribution1%
Waste Generated in Operations1%
Business Travel0%
Purchased Goods & Services74%
Downstream Transportation & Distribution10%
Use of Sold Products6%
Fuel & Energy Activities6%
Capital Goods2%
Upstream Transportation & Distribution1%
Waste Generated in Operations1%
Business Travel0%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

2030 targetSee details
Active
CDP

Carbon Disclosure Project

Sign in to view
Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Outokumpu logoOutokumpu
FIIron and Steel Production
6 months ago
77
Sandvik logoSandvik
SEBusiness Services
7 days ago
92
View
Thyssenkrupp AG logoThyssenkrupp AG
DEConstruction Work
7 days ago
74
View
Proterial, Ltd logoProterial, Ltd
JPBusiness Services
7 days ago
50
View
Nucor logoNucor
USIron and Steel Production
7 days ago
45
View
Jfe logoJfe
JPIron and Steel Mills and Ferroalloy Manufacturing
1 day ago
36
View
Baosteel logoBaosteel
CNMetal Fabrication
7 days ago
33
View

Frequently asked questions

Common questions about Outokumpu’s sustainability data and climate commitments

Outokumpu's estimated total carbon emissions in 2024 were approximately 3.7 billion kg CO₂e. The emissions are divided into roughly 991 million kg for Scope 1, about 365 million kg for Scope 2 (market-based), and approximately 2.35 billion kg for Scope 3. This data indicates that the largest share, over 60%, originates from Scope 3, mainly from purchased goods and services. These figures reflect Outokumpu's ongoing efforts to monitor and reduce its environmental impact within the basic iron, steel, and ferro-alloys industry, with detailed reporting across all operational scopes.

Data year: 2024

Usage policy

You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

See our License Agreement for more details.

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