Sanyo Special Steel

Sanyo Special Steel Co., Ltd., a Japanese company in the basic iron and steel industry, reported its 2024 Scope 1 emissions as 242,000,000 kg CO2e and Scope 2 emissions as 313,000,000 kg CO2e. Its Scope 3 emissions for 2024 totalled approximately 1,674,000,000 kg CO2e, with significant contributions from processing of sold products (695,000,000 kg CO2e) and purchased goods and services (400,000,000 kg CO2e). The total calculated emissions for 2024 were approximately 2,229,000,000 kg CO2e.

Looking back, in 2021, Sanyo Special Steel's Scope 1 emissions were 343,000,000 kg CO2e, Scope 2 emissions were 373,000,000 kg CO2e, and Scope 3 emissions were approximately 2,372,000,000 kg CO2e. In 2020, Scope 1 emissions were 237,000,000 kg CO2e, Scope 2 emissions were 254,000,000 kg CO2e, and key Scope 3 categories included fuel and energy related activities (100,000,000 kg CO2e) and purchased goods and services (267,000,000 kg CO2e).

Sanyo Special Steel Co., Ltd. has set near-term Science Based Targets initiative (SBTi) commitments to reduce absolute Scope 1 and 2 GHG emissions by 42% by FY2030 from a FY2021 base year. Additionally, it aims to reduce absolute Scope 3 GHG emissions by 25% within the same timeframe. These targets are consistent with reductions required to keep warming to 1.5°C. Earlier commitments included a target to cut Scope 1 and Scope 2 CO2 emissions by 2.6% compared to a business-as-usual scenario by 2020, with a 2017 base year.

Sanyo Special Steel Co., Ltd. is a current subsidiary of Nippon Steel Corporation, from which it inherits its CA100+ initiative status. Separate SBTi targets for "Mahindra Sanyo Special Steel" and "Sanyo Special Steel Manufacturing India Private Limited," both listed with the same ISIN as Sanyo Special Steel Co., Ltd. and based in India, indicate a commitment to reducing Scope 1 & 2 emissions per tonne of steel produced by 35% by 2030 against a 2016 base-year, and a similar 35% reduction in Scope 3 emissions per tonne of steel produced within the same timeframe. These specific targets for the Indian entities are categorised as consistent with a 2°C warming scenario.