Posco Sustainability Profile
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 50 is higher than 73% 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 2024, Posco reported total carbon emissions of approximately 7,026,000 kg CO2e, comprising 4,633,000 kg CO2e from Scope 1 and 2,394,000 kg CO2e from Scope 2 emissions. The company has set a significant reduction target, aiming for a 30% decrease in emissions by 2035 as part of its net zero roadmap, which was established in 2023. This commitment encompasses all scopes of emissions. In 2023, Posco's total emissions were approximately 79,391,687,000 kg CO2e, with Scope 1 emissions at 70,588,012,000 kg CO2e, Scope 2 at 1,383,895,000 kg CO2e, and Scope 3 at 7,419,787,000 kg CO2e. The company has disclosed emissions data across all three scopes, demonstrating transparency in its climate impact. Posco's emissions data is not cascaded from any parent organization, ensuring that the reported figures reflect its direct operations. The company is actively working towards its climate commitments, aligning with industry standards for sustainability and emissions reduction.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 66,888,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000 | 00,000,000,000 | 0,000,000 |
| Scope 2 | 3,479,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000 | 0,000,000,000 | 0,000,000 |
| Scope 3 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - | 0,000,000,000 | - |
How Carbon Intensive is Posco's Industry?
How Carbon Intensive is Posco's Location?
Posco's Scope 3 Categories Breakdown
Posco's Scope 3 emissions, which decreased by 42% last year and decreased by approximately 61% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 9% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 37% of Scope 3 emissions.
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Posco's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Posco has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
