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 26 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 slight decrease in Scope 1 emissions compared to 2022, where they were about 1,916,391,800 kg CO2e, while Scope 2 emissions increased from approximately 315,920,200 kg CO2e. In 2022, the company’s total emissions were around 2,232,308,000 kg CO2e, with Scope 1 at 1,916,391,800 kg CO2e, Scope 2 at 315,920,200 kg CO2e, and Scope 3 emissions reaching about 8,575,444,700 kg CO2e. The significant contribution of Scope 3 emissions highlights the importance of addressing indirect emissions in their climate strategy. Despite these figures, POSCO FUTURE M has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term climate strategy and goals. The company operates within a challenging industry context, where substantial emissions reductions are critical for aligning with global climate objectives.
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Add to project| 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 committed to any 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.
