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 greenhouse gas emissions of approximately 3,265,792,000 kg CO2e, with emissions distributed across all three scopes: 8,867,000 kg CO2e (Scope 1), 40,201,000 kg CO2e (Scope 2), and a significant 3,257,579,200 kg CO2e (Scope 3). The company has set ambitious reduction targets, committing to a 42% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2022 baseline, and a 25% reduction in Scope 3 emissions within the same timeframe. Additionally, POSCO E&C has established a mid-term goal of a 30% reduction by 2035 as part of its net zero roadmap. The emissions data for 2022 shows a total of approximately 3,230,543,000 kg CO2e, with Scope 1 emissions at 5,359,000 kg CO2e, Scope 2 at 36,092,000 kg CO2e, and Scope 3 at 3,230,543,000 kg CO2e. In 2021, the total emissions were about 1,108,020,000 kg CO2e, with Scope 1 at 6,560,000 kg CO2e and Scope 2 at 36,586,000 kg CO2e. POSCO E&C's climate commitments are cascaded from its parent company, POSCO Eco & Challenge Co., Ltd., which influences its sustainability initiatives and targets. The company is actively working towards aligning its emissions reduction strategies with industry standards and climate science, demonstrating a commitment to addressing climate change effectively.
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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.
Frequently Asked Questions
Common questions about Posco E And C's sustainability data and climate commitments