Steel Dynamics

Steel Dynamics, headquartered in the US and operating in the basic iron and steel industry, has reported its carbon emissions and established climate commitments.

For 2025, Steel Dynamics estimates its Scope 1 emissions at approximately 1.95 billion kg CO2e and Scope 3 emissions at about 5.23 billion kg CO2e. There is no Scope 2 data disclosed for 2025.

In 2024, the company's Scope 1 emissions were approximately 2.85 billion kg CO2e, Scope 2 emissions were around 1.63 billion kg CO2e (market-based), and Scope 3 emissions were about 5.52 billion kg CO2e. Notable Scope 3 categories include purchased goods and services at approximately 4.85 billion kg CO2e, fuel and energy related activities at about 925 million kg CO2e, and upstream transportation and distribution at approximately 506 million kg CO2e.

Looking at previous years, in 2023, Scope 1 emissions were around 2.75 billion kg CO2e, and market-based Scope 2 emissions were approximately 2.31 billion kg CO2e. Scope 3 emissions included roughly 4.58 billion kg CO2e for purchased goods and services, and about 974 million kg CO2e for fuel and energy related activities. For 2022, Steel Dynamics reported Scope 1 emissions of approximately 2.72 billion kg CO2e and market-based Scope 2 emissions of around 2.23 billion kg CO2e. Scope 3 emissions were approximately 4.10 billion kg CO2e for purchased goods and services and about 1.18 billion kg CO2e for fuel and energy related activities.

Steel Dynamics has set several climate commitments. The company aims for carbon neutrality in its Scope 1 and Scope 2 emissions by 2050. They are also targeting a 20% combined Scope 1 and Scope 2 greenhouse gas emissions intensity reduction across their Electric Arc Furnace (EAF) steel mills by 2025, compared to a 2018 baseline. This commitment further extends to a 50% reduction by 2030, also against a 2018 baseline. Additionally, the company announced certified, science-based GHG emissions intensity targets for its steel mills. In alignment with the 1.5°C scenario of the Paris Agreement, Steel Dynamics has set a 2050 emissions intensity target of 0.12 metric tonnes of CO2e per metric tonne of hot rolled steel produced. An interim 2030 emissions intensity target of 0.80 metric tonnes of CO2e per metric tonne of hot rolled steel produced represents a 15% reduction compared to their 2022 baseline year.