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POSCO, officially known as Pohang Iron and Steel Company, is a leading player in the basic iron and steel industry, headquartered in Pohang, South Korea (KR). Founded in 1968, the company has established itself as a global leader in the production of high-quality steel and ferro-alloys, with significant operations across Asia, Europe, and the Americas.
Specialising in a diverse range of products, POSCO offers everything from hot-rolled and cold-rolled steel to advanced high-strength steel, catering to various sectors including automotive, construction, and shipbuilding. The company is renowned for its innovative approaches and commitment to sustainability, making it a preferred choice in the steel market.
With a strong market position, POSCO has achieved numerous accolades, including recognition for its technological advancements and environmental initiatives, solidifying its reputation as a pioneer in the steel industry.
+22 vs industry average
Posco’s score of 40 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Iron and Steel Production is among the most carbon-intensive industries
The Iron and Steel Production industry has reduced its overall emissions by 27% since 2018
Scope 3 accounts for ••• of total emissions.
POSCO, a South Korean company in the basic iron and steel industry, reported total Scope 1, 2, and 3 emissions of approximately 92.169 billion kg CO2e in 2024. This includes around 76.617 billion kg CO2e from Scope 1, 2.959 billion kg CO2e from Scope 2, and 12.593 billion kg CO2e from Scope 3 emissions. In 2023, their total emissions were approximately 93.315 billion kg CO2e, with Scope 1 at about 77.733 billion kg CO2e, Scope 2 at 2.937 billion kg CO2e, and Scope 3 at 12.645 billion kg CO2e. Looking further back, 2022 saw total emissions of roughly 97.512 billion kg CO2e, comprising around 75.460 billion kg CO2e (Scope 1), 3.138 billion kg CO2e (Scope 2), and 18.914 billion kg CO2e (Scope 3). For 2021, only Scope 1 and 2 data is available, totalling approximately 86.839 billion kg CO2e, with Scope 1 emissions around 84.176 billion kg CO2e and Scope 2 emissions about 2.664 billion kg CO2e.
POSCO is committed to achieving net-zero emissions by 2050, using a 2017-2019 baseline. This includes ambitious interim targets: a 10% reduction by 2030, a 30% reduction by 2035, and a 50% reduction by 2040 across all scopes. These targets are consistent across various disclosures, with a 2035 mid-term goal of a 30% reduction from the baseline as part of their net-zero roadmap.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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