POSCO Processing & Service Co., Ltd., Steel Distribution, Processing and Scrap Business Sector Sustainability Profile
POSCO Processing & Service Co., Ltd., commonly referred to as POSCO P&S, is a leading player in the steel distribution, processing, and scrap business sector, headquartered in South Korea (KR). Established in 2000, the company has rapidly expanded its operations across major regions, solidifying its presence in Asia and beyond. Specialising in high-quality steel products and innovative processing solutions, POSCO P&S stands out for its commitment to sustainability and efficiency. The company offers a diverse range of services, including steel processing, distribution, and scrap management, catering to various industries. With a strong market position, POSCO P&S has achieved notable milestones, including significant advancements in recycling technologies, enhancing its reputation as a responsible industry leader.
DitchCarbon Score
How does POSCO Processing & Service Co., Ltd., Steel Distribution, Processing and Scrap Business Sector'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 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 Processing & Service Co., Ltd., Steel Distribution, Processing and Scrap Business Sector's score of 21 is lower than 100% 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 Processing & Service Co., Ltd., operating in the Steel Distribution, Processing, and Scrap Business Sector, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is part of a corporate family that includes Posco International Corporation and POSCO Holdings Inc., which may influence its climate commitments and emissions reporting. As a merged entity, POSCO Processing & Service Co., Ltd. inherits climate-related initiatives and targets from its parent organisations. Notably, emissions data and performance metrics are cascaded from Posco International Corporation, which operates at a level above this entity. However, specific reduction targets or achievements have not been disclosed, and there are no documented climate pledges or SBTi (Science Based Targets initiative) commitments available for this sector. In the context of the steel industry, which is known for its significant carbon footprint, POSCO Processing & Service Co., Ltd. is expected to align with broader industry standards and practices aimed at reducing greenhouse gas emissions. The lack of specific data highlights the need for enhanced transparency and commitment to climate action within the organisation.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 3,627,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is POSCO Processing & Service Co., Ltd., Steel Distribution, Processing and Scrap Business Sector's Industry?
How Carbon Intensive is POSCO Processing & Service Co., Ltd., Steel Distribution, Processing and Scrap Business Sector's Location?
POSCO Processing & Service Co., Ltd., Steel Distribution, Processing and Scrap Business Sector's Scope 3 Categories Breakdown
POSCO Processing & Service Co., Ltd., Steel Distribution, Processing and Scrap Business Sector's Scope 3 emissions, which increased by 4% last year and decreased by approximately 42% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 57% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 37% of Scope 3 emissions.
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POSCO Processing & Service Co., Ltd., Steel Distribution, Processing and Scrap Business Sector'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 Processing & Service Co., Ltd., Steel Distribution, Processing and Scrap Business Sector has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
