Posco
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 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 22 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Posco's reported carbon emissions
In 2023, Posco reported total carbon emissions of approximately 71,972,000 kg CO2e, comprising 70,588,012 kg CO2e from Scope 1, 1,383,895 kg CO2e from Scope 2, and 7,419,787 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting, although specific reduction targets or initiatives have not been disclosed. In previous years, Posco's emissions have shown variability, with 2022 emissions recorded at about 70,186,623 kg CO2e, including 68,305,993 kg CO2e from Scope 1 and 1,879,630 kg CO2e from Scope 2. The company has consistently reported emissions across all three scopes, indicating a comprehensive approach to understanding their carbon footprint. Despite the lack of specific reduction targets or initiatives, Posco's emissions intensity metrics, such as the direct/indirect emissions intensity based on crude steel production, suggest ongoing efforts to monitor and potentially improve their environmental impact. The company operates within the iron and steel industry, which is known for its significant carbon emissions, highlighting the importance of their climate commitments in the context of global sustainability goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 77,391,479,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 1,106,964,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 56,709,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Posco is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
