Ssab

SSAB, headquartered in Sweden and operating in the Iron and Steel Mills and Ferroalloy Manufacturing industry, reported its most recent comprehensive emissions data for 2025. In that year, their total greenhouse gas emissions were approximately 21.65 billion kg CO2e. This total comprises about 9.84 billion kg CO2e from Scope 1 emissions, approximately 896 million kg CO2e from market-based Scope 2 emissions, and roughly 10.91 billion kg CO2e from Scope 3 emissions.

Looking back, SSAB's total reported emissions were approximately 20.94 billion kg CO2e in 2024 and around 21.55 billion kg CO2e in 2023. Their Scope 1 and 2 emissions have fluctuated over the years, with Scope 1 at about 9.48 billion kg CO2e in 2024 and 9.95 billion kg CO2e in 2023, and market-based Scope 2 at approximately 1.26 billion kg CO2e in 2024 and 1.16 billion kg CO2e in 2023. Scope 3 emissions were approximately 10.20 billion kg CO2e in 2024 and 10.44 billion kg CO2e in 2023. For earlier years, from 2014 to 2022, SSAB disclosed Scope 1 and Scope 2 emissions, but full Scope 3 data was not available for those periods.

SSAB has set ambitious climate commitments, with its targets approved by the Science Based Targets initiative (SBTi) as consistent with a 1.5°C warming scenario. These targets are not cascaded but are direct commitments from SSAB AB (publ).

Near-term targets (from a 2018 base year):

• Reduce absolute Scope 1, 2, and 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, and upstream transportation and distribution by 47.9% by 2033.
• Reduce Scope 1, 2, and 3 GHG emissions covered by the iron and steel core boundary by 56.8% per tonne of hot rolled steel by 2033, which is equivalent to a 55.1% absolute reduction.
• Reduce all other absolute Scope 1 and 2 GHG emissions by 63% by 2033.
• Reduce all other absolute Scope 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, and upstream transportation and distribution by 37.5% by 2033.

Long-term targets:

• Reduce absolute Scope 1, 2, and 3 GHG emissions by 93% by 2045 from a 2018 base year.
• Reach net-zero greenhouse gas emissions across the entire value chain by 2045.

SSAB also aims to be totally fossil-free by 2045. A previously stated near-term target from 2020 committed to reducing absolute Scope 1 and 2 GHG emissions by 35% by 2032 from a 2018 base year, based on a "well below 2°C" ambition.