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.
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.
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.
POSCO FUTURE M's score of 31 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, POSCO FUTURE M reported total carbon emissions of approximately 2,022,087,600 kg CO2e for Scope 1, 366,750,300 kg CO2e for Scope 2, and 1,604,844,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and Scope 2 emissions reached about 2,388,831,000 kg CO2e. The company has not disclosed any specific reduction targets or initiatives as part of its climate commitments. However, it is essential to note that the absence of defined reduction targets does not diminish the importance of their emissions data, which reflects their operational impact on climate change. Overall, POSCO FUTURE M's emissions profile highlights the significant challenges faced by the industry in managing carbon outputs, particularly in Scope 3 emissions, which are often the largest contributor to a company's overall carbon footprint.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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.