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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 64% 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 KR-based company operating in the basic iron and steel industry, reported approximately 93.1 billion kg CO2e in total emissions for the reporting year 2024. This figure encompasses Scope 1, 2, and 3 emissions.
For the reporting year 2024, Posco's Scope 1 emissions were approximately 76.6 billion kg CO2e. Scope 2 emissions stood at roughly 2.96 billion kg CO2e, and Scope 3 emissions amounted to approximately 12.6 billion kg CO2e.
In the preceding year, 2023, Posco's total emissions were approximately 93.4 billion kg CO2e. This included Scope 1 emissions of about 77.7 billion kg CO2e, Scope 2 emissions of approximately 2.94 billion kg CO2e, and Scope 3 emissions of about 12.6 billion kg CO2e.
Posco has outlined ambitious climate commitments, aiming for significant emissions reductions. The company has established a net-zero roadmap with a mid-term goal of a 30% reduction by 2035, based on a 2017-2019 baseline. Further targets include a 50% reduction by 2040 and achieving net-zero emissions by 2050. Previous targets indicated a 10% reduction at worksites and a 10% reduction via avoided emissions from the 2017-2019 baseline by 2030, with a cumulative reduction of 20%.
Access structured emission data, company specific factors and auditable source documents
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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