Rhi Magnesita

RHI Magnesita, headquartered in Austria (AT) and operating in the basic iron and steel and ferro-alloys industry, has set ambitious climate commitments. For the year 2025, the company reported total emissions of approximately 6.61 billion kg CO2e. This includes Scope 1 emissions of about 2.19 billion kg CO2e, Scope 2 emissions of approximately 83 million kg CO2e (market-based), and Scope 3 emissions totalling around 3.99 billion kg CO2e.

In 2024, RHI Magnesita's total emissions were approximately 6.23 billion kg CO2e. Scope 1 emissions were around 2.26 billion kg CO2e, with Scope 2 at approximately 99 million kg CO2e (market-based), and Scope 3 emissions at about 3.88 billion kg CO2e.

Looking back, in 2023, the company's total emissions were approximately 5.98 billion kg CO2e. This comprised Scope 1 emissions of about 2.18 billion kg CO2e, Scope 2 emissions of around 115 million kg CO2e (market-based), and Scope 3 emissions totalling approximately 3.69 billion kg CO2e.

RHI Magnesita is committed to achieving net-zero emissions by 2050, with pathways outlined for both Scope 2 and Scope 3 emissions. The company also has near-term targets, including a commitment to reduce Scope 1 and Scope 2 emissions to near zero by 2025. Furthermore, RHI Magnesita aims to reduce its Scope 1 emissions intensity by 15% by 2025 from an 18-year baseline and its Scope 2 emissions intensity by a similar margin. More recently, by 2030, the Group targets a 9% reduction in Scope 1 emissions and a 5% reduction in Scope 2 emissions, against a 2024 base year. They also aim to reduce emission intensity by 10% per tonne of product across Scope 1, 2, and upstream Scope 3 categories by 2030, compared to a 2024 base year. Additionally, a theoretical pathway exists to reduce Scope 1, Scope 2, and Scope 3 (raw materials) carbon emissions from refractory production to close to zero by 2050.