POSCO FUTURE M
POSCO FUTURE M, a subsidiary of the renowned POSCO Group, is headquartered in South Korea (KR) and operates primarily in the advanced materials industry. Founded in recent years, the company has quickly established itself as a leader in the production of high-performance materials, particularly in the fields of lithium-ion batteries and eco-friendly solutions. With a focus on innovation, POSCO FUTURE M offers unique products that cater to the growing demand for sustainable energy solutions. Their core offerings include advanced cathode materials, which are essential for enhancing battery efficiency and longevity. The company’s commitment to research and development has positioned it as a key player in the global market, contributing to the transition towards greener technologies. Notable achievements include significant partnerships and advancements in battery material technology, solidifying its reputation as a forward-thinking enterprise in the energy sector.
DitchCarbon Score
How does POSCO FUTURE M'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 Chemicals 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 FUTURE M's score of 31 is higher than 64% 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 FUTURE M's reported carbon emissions
In 2023, POSCO FUTURE M reported total carbon emissions of approximately 2,388,831,000 kg CO2e, comprising 2,022,087,600 kg CO2e from Scope 1, 366,750,300 kg CO2e from Scope 2, and 1,604,844,000 kg CO2e from Scope 3 emissions. This reflects a significant engagement with emissions across all scopes, particularly in Scope 3, which includes indirect emissions from the supply chain and product use. In 2022, the company recorded total emissions of about 2,232,308,000 kg CO2e, with Scope 1 emissions at 1,916,391,800 kg CO2e, Scope 2 at 315,920,200 kg CO2e, and Scope 3 emissions reaching 8,575,444,700 kg CO2e. This indicates a notable focus on managing emissions, especially in the upstream and downstream activities. Despite these figures, POSCO FUTURE M has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction commitments suggests a need for further transparency regarding their climate strategies and long-term sustainability goals. Overall, while the company is actively measuring its emissions, the lack of defined reduction targets may limit its ability to effectively address climate change challenges in the future.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,059,097,900 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 211,937,800 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 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 FUTURE M is not participating in any of the initiatives that 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.
