Radius Recycling

Radius Recycling's reported carbon emissions

Radius Recycling, a US-based company in the basic iron and steel industry, has reported emissions data for its operations. In 2023, the company's Scope 1 emissions were approximately 144,040,000 kg CO2e, with Scope 2 emissions (location-based) at approximately 25,485,000 kg CO2e. Scope 3 emissions for the same year were approximately 5,400,000,000 kg CO2e. For 2022, Radius Recycling reported Scope 1 emissions of approximately 154,258,000 kg CO2e and Scope 2 emissions (location-based) of approximately 28,450,000 kg CO2e. In 2021, Scope 1 emissions were around 145,580,000 kg CO2e, with Scope 2 (location-based) at approximately 27,599,000 kg CO2e. In 2020, Scope 1 emissions were approximately 145,467,000 kg CO2e, and Scope 2 emissions (market-based) were about 20,765,000 kg CO2e, while location-based Scope 2 emissions were approximately 25,454,000 kg CO2e. For 2019, Scope 1 emissions totalled approximately 159,320,000 kg CO2e, with Scope 2 (market-based) at about 22,836,000 kg CO2e and Scope 2 (location-based) at approximately 27,397,000 kg CO2e. Radius Recycling is pursuing a net-zero carbon emissions target by 2050. To achieve this, the company aims to eliminate its limited Scope 1 and 2 emissions generated during its Electric Arc Furnace (EAF) steel manufacturing process. This strategy involves the purchase of carbon offsets and renewable energy credits. Near-term goals, set for 2028, also align with this climate-neutral approach for Scope 1 and 2 emissions. It is important to note that Radius Recycling is a current subsidiary and its emissions data is inherited from its parent organisation. While specific cascaded details regarding S&P Global's naming convention for this inheritance are not provided, the reporting year for the cascaded data is understood to be 2023. The company's GRN Steel™ product line is highlighted as offering some of the lowest carbon emissions in the steel industry globally.