Ssab

SSAB, headquartered in Sweden and operating in the Iron and Steel Mills and Ferroalloy Manufacturing sector, is committed to reducing its carbon emissions.

In 2025, SSAB reported total greenhouse gas emissions of approximately 21.65 billion kg CO2e. This included around 9.84 billion kg CO2e from Scope 1 emissions, 896 million kg CO2e from Scope 2 (market-based), and approximately 10.91 billion kg CO2e from Scope 3 emissions. Key Scope 3 categories included purchased goods and services (around 6.50 billion kg CO2e) and upstream transportation and distribution (approximately 2.47 billion kg CO2e).

Looking back, SSAB's total emissions in 2024 were about 20.94 billion kg CO2e, comprising roughly 9.48 billion kg CO2e from Scope 1, 1.26 billion kg CO2e from Scope 2 (market-based), and approximately 10.20 billion kg CO2e from Scope 3. In 2023, total emissions were around 21.55 billion kg CO2e, with Scope 1 at roughly 9.95 billion kg CO2e, Scope 2 (market-based) at about 1.16 billion kg CO2e, and Scope 3 at approximately 10.44 billion kg CO2e.

SSAB has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). The company commits to achieving net-zero greenhouse gas emissions across its entire value chain by 2045.

Near-term targets include:

• A 47.9% absolute reduction in Scope 1, 2, and 3 GHG emissions from purchased goods and services, fuel and energy-related activities, and upstream transportation and distribution by 2033, against a 2018 base year.
• A 63% absolute reduction in all other Scope 1 and 2 GHG emissions by 2033 from a 2018 base year.
• A 37.5% absolute reduction in all other Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, and upstream transportation and distribution by 2033 from a 2018 base year.
• An intensity reduction target of 56.8% in Scope 1, 2, and 3 GHG emissions covered by the iron and steel core boundary per tonne of hot rolled steel by 2033, from a 2018 base year (equivalent to a 55.1% absolute reduction).

For the long term, SSAB aims for a 93% absolute reduction in Scope 1, 2, and 3 GHG emissions by 2045, compared to a 2018 base year. The company is also planning to offer fossil-free steel to the market by 2026, with the goal of eliminating all CO2 emissions related to steel production.