Russel Metals Inc. Sustainability Profile
Russel Metals Inc., a leading distributor of metals in North America, is headquartered in Canada and operates extensively across the United States and Canada. Founded in 1929, the company has established itself as a key player in the metals industry, focusing on the distribution of steel, aluminium, and other metal products. With a diverse portfolio that includes value-added processing services, Russel Metals stands out for its commitment to quality and customer service. The company’s extensive inventory and strategic partnerships enable it to meet the unique needs of various sectors, including construction, manufacturing, and energy. Recognised for its strong market position, Russel Metals has achieved significant milestones over the decades, solidifying its reputation as a trusted supplier in the metal distribution landscape.
DitchCarbon Score
How does Russel Metals Inc.'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 Iron and Steel Production 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
Russel Metals Inc.'s score of 18 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Russel Metals Inc.'s reported carbon emissions
In 2023, Russel Metals Inc. reported total carbon emissions of approximately 54,260,000 kg CO2e, comprising about 40,302,000 kg CO2e from Scope 1 emissions and about 13,958,000 kg CO2e from Scope 2 emissions. This represents a slight decrease from 2022, when total emissions were about 54,806,000 kg CO2e, with Scope 1 emissions at approximately 40,220,000 kg CO2e and Scope 2 emissions at about 14,586,000 kg CO2e. Russel Metals has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from their operations and energy use. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, which suggests a need for further commitment in this area. Overall, while Russel Metals has shown a minor reduction in emissions over the past year, the absence of formal reduction targets highlights an opportunity for the company to enhance its climate strategy and align with industry standards for sustainability.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 43,048,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 16,753,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is Russel Metals Inc.'s Industry?
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Russel Metals Inc.'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.
Russel Metals Inc. 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.
