Radius Recycling

Radius Recycling, a US-based company in the basic iron and steel industry, has reported significant carbon emissions. In 2023, the company's total emissions amounted to approximately 5.57 billion kg CO2e, comprising about 144 million kg CO2e of Scope 1 emissions and approximately 25.5 million kg CO2e of Scope 2 emissions (location-based). Scope 3 emissions for 2023 were approximately 5.4 billion kg CO2e.

The previous year, 2022, saw total emissions of approximately 74.3 million kg CO2e for Scope 1 and 2 combined. In 2021, Scope 1 and 2 emissions totalled approximately 70.3 million kg CO2e. Emissions for Scope 1 and 2 in 2020 were approximately 82.8 million kg CO2e, and in 2019, they were around 97.8 million kg CO2e.

Radius Recycling is committed to achieving net-zero carbon emissions by 2050. This long-term target involves eliminating Scope 1 and 2 emissions from its EAF steel manufacturing process through the use of carbon offsets and renewable energy credits. The company has a near-term goal, set for 2028, to eliminate Scope 1 and 2 emissions, particularly highlighting its GRN Steel™ product line as offering some of the lowest carbon emissions steel globally.

It is noted that emissions data for Radius Recycling is inherited from its parent organisation, Radius Recycling, Inc., with this cascade level at 2. While specific SBTi targets are not detailed, the company's climate commitments focus on offsetting and renewable energy procurement to mitigate its direct and indirect emissions. For the year 2024, no specific emissions data was provided, though the company's sustainability reporting indicates ongoing efforts in carbon management.