Ssab

Ssab's reported carbon emissions

For the iron and steel industry, SSAB, headquartered in Sweden, is committed to significant greenhouse gas emission reductions. **Emissions Data:** * In 2025, SSAB reported total emissions of approximately 21,647,000,000 kg CO2e. This included Scope 1 emissions of approximately 9,839,000,000 kg CO2e and Scope 2 emissions (market-based) of approximately 896,000,000 kg CO2e. Scope 3 emissions were approximately 10,913,000,000 kg CO2e. * In 2024, SSAB's total emissions were approximately 20,943,000,000 kg CO2e, comprising Scope 1 emissions of approximately 9,479,000,000 kg CO2e and Scope 2 emissions (market-based) of approximately 1,260,000,000 kg CO2e. Scope 3 emissions were approximately 10,204,000,000 kg CO2e. * In 2023, total emissions were approximately 21,547,000,000 kg CO2e, with Scope 1 emissions at approximately 9,947,000,000 kg CO2e and Scope 2 emissions (market-based) at approximately 1,157,000,000 kg CO2e. Scope 3 emissions were approximately 10,444,000,000 kg CO2e. **Climate Commitments and Reduction Targets:** SSAB has set ambitious climate targets aligned with the Science Based Targets initiative (SBTi) and aims for a 'well below 2°C' warming scenario. * **Near-Term Targets:** * SSAB commits to reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 35% by 2032, using 2018 as a baseline. * The company aims to reduce Scope 1, 2, and 3 GHG emissions by 47.9% by 2033, compared to 2018 levels. * Specifically, Scope 1 and 2 GHG emissions (excluding those covered by the iron and steel core boundary) are targeted for a 63% absolute reduction by 2033 from a 2018 base year. * For Scope 3 emissions from purchased goods and services, fuel- and energy-related activities, and upstream transportation and distribution, SSAB targets a 37.5% absolute reduction by 2033 from a 2018 base year. * SSAB also aims to reduce GHG emissions intensity within the iron and steel sector, targeting a 56.8% reduction per tonne of hot rolled steel by 2033 from a 2018 base year. * The company plans to offer fossil-free steel to the market in 2026 and eliminate all CO2 emissions by this time. * **Long-Term Targets:** * SSAB is committed to reaching net-zero GHG emissions across its value chain by 2045. * As part of this, SSAB commits to a 93% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2045 from a 2018 base year.