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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 and ferro-alloys industry, reported total emissions of approximately 92.16 billion kg CO2e in 2024. This includes about 76.62 billion kg CO2e from Scope 1 emissions, 2.96 billion kg CO2e from Scope 2 emissions, and approximately 12.59 billion kg CO2e from Scope 3 emissions.
Looking back, in 2023, their total emissions were around 93.31 billion kg CO2e, comprising approximately 77.73 billion kg CO2e (Scope 1), 2.94 billion kg CO2e (Scope 2), and 12.64 billion kg CO2e (Scope 3). In 2022, total emissions stood at about 97.51 billion kg CO2e, with Scope 1 at approximately 75.46 billion kg CO2e, Scope 2 at 3.14 billion kg CO2e, and Scope 3 at about 18.91 billion kg CO2e.
POSCO is committed to significant climate action, aiming for net-zero emissions by 2050, based on a 2017-2019 baseline of 78.8 Mt CO2eq for Scope 1 and 2 emissions. Interim targets include a 10% reduction by 2030, a 30% reduction by 2035, and a 50% reduction by 2040 across all scopes.
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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