Posco
POSCO, officially known as Pohang Iron and Steel Company, is a leading global steel manufacturer headquartered in Pohang, South Korea (KR). Founded in 1968, the company has established itself as a key player in the steel industry, with significant operations across Asia, North America, and Europe. Specialising in the production of high-quality steel products, POSCO offers a diverse range of solutions, including hot-rolled and cold-rolled steel, stainless steel, and electrical steel. Its commitment to innovation and sustainability sets it apart, as the company continually invests in advanced technologies and eco-friendly practices. With a strong market position, POSCO has received numerous accolades for its operational excellence and environmental initiatives, solidifying its reputation as a pioneer in the steel sector.
DitchCarbon Score
How does Posco'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 Other Non-Ferrous Metal Products 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
Posco's score of 37 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Posco's reported carbon emissions
In 2023, Posco reported significant carbon emissions, totalling approximately 70,588,012,000 kg CO2e for Scope 1, 1,383,895,000 kg CO2e for Scope 2, and 7,419,787,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions reached about 71,971,900,000 kg CO2e. Posco has set ambitious climate commitments, including a mid-term goal to reduce emissions by 30% by 2035, as part of its net zero roadmap. This target encompasses all scopes of emissions, reflecting the company's commitment to addressing its overall carbon footprint. The emissions data is not cascaded from any parent company, indicating that these figures are independently reported by Posco. The company is actively engaged in sustainability initiatives, including participation in the CDP and CA100 initiatives, which further demonstrate its commitment to climate action. Overall, Posco's emissions and climate commitments highlight its proactive approach to reducing its environmental impact in the steel industry.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 81,403,336,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 3,249,921,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 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.
Posco 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.
