Steel Dynamics

Steel Dynamics's reported carbon emissions

Steel Dynamics, a US-based company in the basic iron and steel industry, reported total emissions of approximately 8.62 billion kg CO2e for 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions amounted to approximately 2.85 billion kg CO2e, while Scope 2 emissions were approximately 1.63 billion kg CO2e (market-based). Scope 3 emissions for 2024 were approximately 5.52 billion kg CO2e, with purchased goods and services accounting for the largest portion at around 4.85 billion kg CO2e. The company has set ambitious climate commitments. These include a long-term goal to achieve carbon neutrality by 2050. For emissions intensity, Steel Dynamics is targeting a 20% reduction in combined Scope 1 and Scope 2 greenhouse gas (GHG) emissions intensity across its EAF steel mills by 2025, compared to a 2018 baseline. They are also aiming for a 50% reduction by 2030. Furthermore, in alignment with the 1.5°C scenario, Steel Dynamics has established a 2050 emissions intensity target of 0.12 metric tons of CO₂e per metric ton of hot rolled steel produced. An interim target for 2030 aims for an emissions intensity of 0.80 metric tons of CO₂e per metric ton of hot rolled steel, representing a 15% reduction from their 2022 base year. Earlier reports show a total of approximately 5.73 billion kg CO2e in 2023, with Scope 1 emissions at about 2.75 billion kg CO2e and Scope 2 market-based emissions at approximately 2.31 billion kg CO2e. For 2022, total emissions were approximately 5.49 billion kg CO2e, with Scope 1 at about 2.72 billion kg CO2e and Scope 2 market-based at approximately 2.23 billion kg CO2e. In 2021, total emissions were around 4.71 billion kg CO2e, comprising Scope 1 emissions of about 2.49 billion kg CO2e and Scope 2 market-based emissions of approximately 2.22 billion kg CO2e. Scope 3 data was not fully disclosed for 2020, 2019, and 2018, though Scope 1 and Scope 2 emissions were reported for these years, with Scope 1 figures ranging from approximately 1.76 billion kg CO2e (2019) to 2.38 billion kg CO2e (2020), and Scope 2 market-based emissions ranging from about 2.21 billion kg CO2e (2020) to 2.60 billion kg CO2e (2018).