Posco E And C Sustainability Profile
Posco E&C, officially known as POSCO Engineering & Construction, is a leading player in the construction and engineering industry, headquartered in South Korea (KR). Established in 1994, the company has made significant strides in various sectors, including civil engineering, architecture, and plant construction, with a strong presence in Asia and beyond. Renowned for its innovative approach, Posco E&C offers a diverse range of services, from infrastructure development to energy projects, setting itself apart with a commitment to sustainability and cutting-edge technology. The company has achieved notable milestones, including numerous prestigious awards for its projects, solidifying its position as a trusted partner in the global market. With a focus on quality and efficiency, Posco E&C continues to drive progress in the construction sector, making it a formidable force in the industry.
DitchCarbon Score
How does Posco E And C'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 Construction Work 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 E And C's score of 47 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Posco E And C's reported carbon emissions
In 2023, POSCO E&C reported total carbon emissions of approximately 3,265,792,000 kg CO2e, with emissions distributed across various scopes: 8,867,000 kg CO2e (Scope 1), 40,201,000 kg CO2e (Scope 2), and a significant 3,255,792,000 kg CO2e (Scope 3). The Scope 3 emissions include categories such as purchased goods and services (1,635,110,000 kg CO2e) and downstream leased assets (1,974,893,000 kg CO2e). The company has set ambitious reduction targets as part of its climate commitments. By 2030, POSCO E&C aims to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 42% from a 2022 baseline. Additionally, it plans to cut Scope 3 emissions by 25% within the same timeframe, focusing on categories such as purchased goods and services, upstream transportation and distribution, and employee commuting. In line with its long-term climate strategy, POSCO E&C has established a mid-term goal to achieve a 30% reduction in emissions by 2035, as part of its net-zero roadmap. This commitment reflects the company's dedication to addressing climate change and aligns with industry standards for greenhouse gas reductions. The emissions data for POSCO E&C is cascaded from its parent company, POSCO Eco & Challenge Co., Ltd., which provides a comprehensive overview of the company's environmental impact and sustainability initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 6,200,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 41,682,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 14,570,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Posco E And C's Industry?
How Carbon Intensive is Posco E And C's Location?
Posco E And C's Scope 3 Categories Breakdown
Posco E And C's Scope 3 emissions, which increased by 1% last year and increased significantly since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 61% of Scope 3 emissions.
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Posco E And C's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Posco E And C has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
