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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
+59 vs industry average
Outokumpu’s score of 77 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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
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, headquartered in Finland, reported total carbon emissions of approximately 3.64 billion kg CO2e in 2025. This includes about 1.03 billion kg CO2e from Scope 1 emissions, 373.51 million kg CO2e from Scope 2 (market-based), and approximately 2.24 billion kg CO2e from Scope 3 emissions.
In 2024, the company's total emissions were about 3.70 billion kg CO2e, comprising around 990.64 million kg CO2e for Scope 1, 364.70 million kg CO2e for Scope 2 (market-based), and approximately 2.35 billion kg CO2e for Scope 3. Looking back to 2023, Outokumpu reported total emissions of roughly 5.59 billion kg CO2e, with Scope 1 emissions at about 1.21 billion kg CO2e, Scope 2 emissions at approximately 1.21 billion kg CO2e, and Scope 3 emissions around 3.16 billion kg CO2e.
Outokumpu is committed to achieving carbon neutrality across all scopes by 2050. Specifically, they aim for carbon neutrality in Scope 1 and Scope 2 operational emissions by 2050. The company also has a near-term goal to make its Kemi mine the world’s first carbon-neutral operating mine by 2025 for Scope 3 emissions.
Aligned with Science Based Targets, Outokumpu has committed to reducing its Scope 1, 2, and 3 GHG emission intensity by 42% per tonne of stainless steel by 2030, using a 2016 baseline. This target also applies to Scope 3 upstream and downstream emissions intensity.
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Outokumpu’s Climate Goals (2030 & 2050)
4 goals2030
42% reduction in Scope 1
Outokumpu commits to reduce scope 1, 2 and 3 GHG emissions 42% per ton of stainless steel by 2030 from a 2016 base year*. *The target bounda…
Insufficient data42%
2030
42% reduction in all scopes
Outokumpu commits to reduce scope 1, 2 and 3 GHG emissions 42% per ton of stainless steel by 2030 from a 2016 base year*. *The target bounda…
Insufficient data42%
2030
42% reduction in scope 3 total
Outokumpu commits to reduce scope 1, 2 and 3 GHG emissions 42% per ton of stainless steel by 2030 from a 2016 base year*. *The target bounda…
Insufficient data42%
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Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Outokumpu28 days ago
77
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Frequently asked questions
Common questions about Outokumpu’s sustainability data and climate commitments
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