Shandong Iron & Steel Group Co., Ltd. Sustainability Profile
Shandong Iron & Steel Group Co., Ltd., commonly referred to as Shandong Steel, is a leading player in the global steel industry, headquartered in Jinan, Shandong Province, China. Established in 2000, the company has rapidly expanded its operations across major regions, including East and Central China, solidifying its position as a key manufacturer of high-quality steel products. Specialising in the production of various steel products, Shandong Steel offers a diverse range of services, including hot-rolled and cold-rolled steel sheets, steel plates, and wire rods. The company is renowned for its commitment to innovation and sustainability, utilising advanced technologies to enhance product quality and reduce environmental impact. With a strong market presence, Shandong Steel has achieved significant milestones, positioning itself as a trusted supplier in both domestic and international markets.
DitchCarbon Score
How does Shandong Iron & Steel Group Co., Ltd.'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
Shandong Iron & Steel Group Co., Ltd.'s score of 5 is lower than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shandong Iron & Steel Group Co., Ltd.'s reported carbon emissions
In 2016, Shandong Iron & Steel Group Co., Ltd. reported a CO2 intensity of approximately 1,890 kg CO2e per tonne of crude steel cast, reflecting its operational emissions in the iron and steel sector. This figure indicates a slight increase from 1,850 kg CO2e per tonne in 2015 and 1,810 kg CO2e per tonne in 2014. The company has not disclosed specific Scope 1, 2, or 3 emissions data, nor has it set any formal reduction targets or climate pledges as of the latest available information. Despite the absence of explicit reduction initiatives or commitments, the company operates within an industry that is increasingly focused on sustainability and reducing carbon footprints. The lack of cascaded data from parent or related organizations suggests that Shandong Iron & Steel Group is independently managing its emissions reporting. Overall, while specific reduction targets and detailed emissions data are not available, the company's CO2 intensity figures highlight the ongoing challenges faced by the iron and steel industry in addressing climate change.
How Carbon Intensive is Shandong Iron & Steel Group Co., Ltd.'s Industry?
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Shandong Iron & Steel Group Co., Ltd.'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.
Shandong Iron & Steel Group Co., Ltd. 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.
