Posco E And C

Posco E&C, a construction company headquartered in South Korea (KR), reported approximately 3.30 billion kg CO2e of Scope 1 and 2 emissions in 2023. This comprised about 8.87 million kg CO2e of Scope 1 emissions and approximately 40.20 million kg CO2e of Scope 2 emissions. For the same year, their Scope 3 emissions were substantial, totalling approximately 3.26 billion kg CO2e, with significant contributions from purchased goods and services (about 1.64 billion kg CO2e) and downstream transportation and distribution (about 1.58 billion kg CO2e).

In 2022, Posco E&C's Scope 1 and 2 emissions stood at approximately 41.45 million kg CO2e, with Scope 1 at about 5.36 million kg CO2e and Scope 2 at roughly 36.09 million kg CO2e. Their Scope 3 emissions in 2022 were approximately 3.23 billion kg CO2e.

The company's total reported emissions for 2023, encompassing Scope 1, 2, and 3, reached approximately 3.30 billion kg CO2e.

Posco E&C has established ambitious climate commitments. They are committed to reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 42% by 2030, using 2022 as the base year. Furthermore, they aim to reduce absolute Scope 3 GHG emissions by 25% within the same timeframe, focusing on categories such as purchased goods and services, upstream transportation and distribution, employee commuting, use of sold products, and investments. These targets are aligned with a 1.5°C warming scenario, as verified by the Science Based Targets initiative (SBTi).

The emissions data for Posco E&C is inherited from its parent company, POSCO Eco & Challenge Co., Ltd. (cascade level 1). The SBTi targets are also cascaded from POSCO Eco & Challenge Co., Ltd.