Primetals Technologies Sustainability Profile
Primetals Technologies, a leading global engineering and technology company, is headquartered in Austria (AT) and operates extensively across Europe, Asia, and the Americas. Founded in 2015, the company emerged from a joint venture between Mitsubishi Heavy Industries and Siemens, quickly establishing itself in the metals industry. Specialising in the design and implementation of advanced technologies for the steel and non-ferrous metals sectors, Primetals Technologies offers a comprehensive range of products and services, including automation solutions, process technologies, and plant engineering. Their innovative approach and commitment to sustainability set them apart in a competitive market. With a strong focus on digitalisation and efficiency, Primetals Technologies has achieved significant milestones, positioning itself as a trusted partner for steel producers worldwide. The company continues to lead the way in transforming the metals industry through cutting-edge solutions and exceptional service.
DitchCarbon Score
How does Primetals Technologies'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 Machinery and Equipment 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
Primetals Technologies's score of 25 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Primetals Technologies's reported carbon emissions
In 2023, Primetals Technologies, headquartered in Austria (AT), reported significant carbon emissions associated with its production processes, specifically in the steel sector. The company generated approximately 940,000 kg CO2e per tonne of liquid steel produced. However, detailed emissions data for Scope 1, 2, and 3 are not disclosed, indicating a lack of comprehensive reporting on their direct and indirect emissions. Currently, Primetals Technologies does not have publicly stated reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of specific reduction initiatives suggests that the company may be in the early stages of developing a structured approach to climate commitments. It is important to note that emissions data and climate initiatives may be influenced by its parent company, Mitsubishi Heavy Industries, Ltd., from which some climate-related data and initiatives are cascaded. As a current subsidiary, Primetals Technologies may align its strategies with the broader sustainability goals set by its parent organisation. Overall, while Primetals Technologies has reported substantial emissions from its production activities, the lack of detailed emissions data and reduction commitments highlights an area for potential improvement in their climate strategy.
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Primetals Technologies'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.
Primetals Technologies 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.
