Ssab

SSAB: Carbon Emissions and Climate Commitments

SSAB, a prominent player in the Iron and Steel Mills and Ferroalloy Manufacturing sector headquartered in Sweden, is actively engaged in reducing its environmental impact. The company has set ambitious climate targets, including a commitment to achieve net-zero greenhouse gas emissions across its value chain by 2045.

Latest Emissions Data

For the year 2025, SSAB reported total emissions of approximately 21.6 billion kg CO2e. This figure is broken down as follows:

• Scope 1 emissions: Approximately 9.8 billion kg CO2e.
• Scope 2 emissions: Approximately 896 million kg CO2e (market-based).
• Scope 3 emissions: Approximately 10.9 billion kg CO2e. Key contributors to Scope 3 emissions include upstream transportation and distribution (approximately 2.47 billion kg CO2e) and purchased goods and services (approximately 6.5 billion kg CO2e).

In 2024, the company's total emissions were approximately 20.9 billion kg CO2e, with Scope 1 emissions at around 9.48 billion kg CO2e and Scope 2 emissions at approximately 1.26 billion kg CO2e (market-based). Scope 3 emissions for this year were approximately 10.2 billion kg CO2e.

Climate Targets and Reduction Initiatives

SSAB's climate strategy is guided by targets approved by the Science Based Targets initiative (SBTi), aligning with an ambition level of "well below 2°C" warming.

Key reduction targets include:

• Scope 1 and 2 Emissions: A commitment to reduce absolute Scope 1 and 2 greenhouse gas emissions by 35% by 2032, compared to a 2018 baseline.
• All Scopes (1, 2, and 3):
  • A reduction of 47.9% by 2033, compared to 2018, for overall GHG emissions.
  • A reduction of 63% in absolute Scope 1 and 2 GHG emissions by 2033, compared to 2018.
  • A reduction of 37.5% in absolute Scope 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, and upstream transportation and distribution by 2033, compared to 2018.
  • An intensity target to reduce Scope 1, 2, and 3 GHG emissions by 56.8% per tonne of hot rolled steel by 2033, from a 2018 base year.

Furthermore, SSAB aims to offer fossil-free steel to the market by 2026 and ultimately eliminate all CO2 emissions. The company also has a long-term target to achieve net-zero greenhouse gas emissions across the value chain by 2045, with a significant absolute reduction of 93% by 2045 from a 2018 base year.