Outokumpu Sustainability Profile
Outokumpu, a leading global stainless steel manufacturer, is headquartered in Finland (FI) and operates extensively across Europe, North America, and Asia. Founded in 1910, the company has established itself as a key player in the stainless steel industry, focusing on the production of high-quality stainless steel products for various sectors, including construction, automotive, and energy. Outokumpu's core offerings include a diverse range of stainless steel grades and products, such as coils, sheets, and plates, distinguished by their durability and corrosion resistance. The company is renowned for its commitment to sustainability and innovation, positioning itself as a pioneer in eco-friendly steel production. With a strong market presence and a reputation for excellence, Outokumpu continues to achieve significant milestones, reinforcing its status as a trusted partner in the global stainless steel supply chain.
DitchCarbon Score
How does Outokumpu's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Iron and Steel Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Outokumpu's score of 78 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Outokumpu's reported carbon emissions
In 2024, Outokumpu reported total greenhouse gas emissions of approximately 3,702,456,000 kg CO2e, comprising 990,643,000 kg CO2e from Scope 1, 365,000,000 kg CO2e from Scope 2, and 2,347,109,000 kg CO2e from Scope 3 emissions. In 2023, the company’s total emissions were about 5,588,062,000 kg CO2e, with Scope 1 emissions at 1,213,634,000 kg CO2e, Scope 2 at 1,210,872,000 kg CO2e, and Scope 3 at 3,163,556,000 kg CO2e. Outokumpu is committed to achieving carbon neutrality by 2050 across all scopes of emissions. This long-term target includes specific commitments for operational emissions (Scope 1 and 2) and aims to make the Kemi mine the world’s first carbon-neutral operating mine by 2025. Additionally, the company has set a near-term target to reduce its greenhouse gas emissions intensity by 42% per tonne of stainless steel by 2030, using 2016 as the baseline year. This target encompasses all scopes, including biogenic emissions and removals from bioenergy feedstocks. The company’s emissions data is sourced from its own reporting and does not cascade from any parent organization. Outokumpu's initiatives align with industry standards and reflect a proactive approach to addressing climate change within the mining and metals sector.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 52,294,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 3 | 108,162,000 | 00,000,000 | - | - | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Outokumpu's Industry?
How Carbon Intensive is Outokumpu's Location?
Outokumpu's Scope 3 Categories Breakdown
Outokumpu's Scope 3 emissions, which decreased by 26% last year and increased significantly since 2011, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 63% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 79% of Scope 3 emissions.
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Outokumpu's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Outokumpu has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Outokumpu's sustainability data and climate commitments