Gonvarri

Gonvarri, headquartered in Spain and operating in the basic iron and steel industry, has set ambitious climate commitments.

In 2025, Gonvarri's total reported emissions were approximately 430.38 million kg CO2e, with Scope 3 emissions totalling about 57.68 million kg CO2e. For 2024, total reported emissions were approximately 439.80 million kg CO2e, including roughly 78 million kg CO2e for Scope 3. In 2023, total reported emissions were around 442.60 million kg CO2e, with Scope 3 at about 85 million kg CO2e.

Looking back, in 2022, Gonvarri reported Scope 1 emissions of approximately 27.39 million kg CO2e and Scope 2 emissions of about 46.21 million kg CO2e, leading to combined Scope 1 and 2 emissions of roughly 73.60 million kg CO2e. In 2021, Scope 1 emissions were approximately 22.10 million kg CO2e, and Scope 2 emissions were around 30.04 million kg CO2e, for a total Scope 1 and 2 of about 52.13 million kg CO2e. In 2020, the company reported Scope 1 emissions of about 19.07 million kg CO2e, Scope 2 emissions of roughly 34.47 million kg CO2e (all from purchased electricity), and partial Scope 3 emissions of about 27.43 million kg CO2e (including business travel and employee commute). For 2019, Gonvarri's Scope 1 emissions were approximately 18.88 million kg CO2e, Scope 2 emissions were about 38.93 million kg CO2e, and Scope 3 emissions were around 38.46 million kg CO2e (including business travel). In 2017, the company's total emissions were approximately 54.14 million kg CO2e, comprising Scope 1 emissions of about 19.71 million kg CO2e, Scope 2 emissions of around 34.43 million kg CO2e, and partial Scope 3 emissions of approximately 16.05 million kg CO2e (including business travel and employee commute).

Gonvarri has established several reduction targets. Under its Carbon Neutral Plan 2030/2050, the company aims for net-zero Scope 2 emissions by 2030 and overall climate neutrality across all scopes by 2050. Specifically for direct greenhouse gas emissions (Scope 1), Gonvarri is committed to a 50% reduction by 2030 compared to 2019 levels. Furthermore, the company aims to achieve 100% renewable electricity (Scope 2) by 2030. There is also a stated Scope 3 target on green steel purchases, aligned with science. Previously, Gonvarri had a near-term target to reduce emissions derived from employee displacement (Scope 1 and Scope 2) by 20% between 2020 and 2022.