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.
+6 vs industry average
Posco’s score of 22 is lower than 49% 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
Iron and Steel Production is among the most carbon-intensive industries
Industry performance
The Iron and Steel Production industry has reduced its overall emissions by 27% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Posco's reported carbon emissions
POSCO, a leading steel producer headquartered in South Korea, has established ambitious climate commitments, aiming for net-zero emissions by 2050. The company's Scope 1 and 2 emissions for 2023 were approximately 80.67 billion kg CO2e, a reduction from approximately 86.84 billion kg CO2e in 2021. POSCO's mid-term goal includes a 30% reduction by 2035, building upon its baseline from 2017-2019. Further targets are set for a 50% reduction by 2040, culminating in net-zero emissions by 2050. The company's sustainability reports detail emissions intensity metrics for crude steel production, with figures around 2,020 kg CO2e per tonne in 2023. While POSCO discloses Scope 1 and 2 emissions, data for Scope 3, particularly purchased goods and services, is often noted as missing. POSCO's climate initiatives are aligned with broader industry efforts to decarbonise the steel sector.
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Posco’s Climate Goals (2030 & 2050)
2 goals2050
30% reduction in all scopes
30% reduction by 2035, 50% reduction by 2040, and carbon neutrality by 2050
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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Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Posco
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