Sanyo Special Steel

Sanyo Special Steel reported total emissions of approximately 2.229 billion kg CO2e in 2024. This included 242 million kg CO2e from Scope 1, 313 million kg CO2e from Scope 2, and 1.674 billion kg CO2e from Scope 3.

Looking at previous years, their reported Scope 3 emissions were approximately 1.768 billion kg CO2e in 2023, and about 2.051 billion kg CO2e in 2022. For 2021, total emissions were approximately 3.088 billion kg CO2e, comprising 343 million kg CO2e from Scope 1, 373 million kg CO2e from Scope 2, and 2.372 billion kg CO2e from Scope 3.

Sanyo Special Steel has committed to several reduction targets. The company aims to reduce absolute Scope 1 and 2 GHG emissions by 42% by FY2030, using a FY2021 base year. Additionally, they plan to reduce absolute Scope 3 GHG emissions by 25% within the same timeframe. These near-term targets for Sanyo Special Steel Co., Ltd. are validated by the Science Based Targets initiative (SBTi) as consistent with reductions required to keep warming to 1.5°C.

Earlier commitments included targets to cut Scope 1 and Scope 2 CO2 emissions by 2.6% by 2020, compared to a business-as-usual scenario from a 2017 baseline.

Separately, Science Based Targets initiative (SBTi) data indicates that Indian steel manufacturer Mahindra Sanyo Special Steel commits to reducing Scope 1 & 2 emissions per tonne of steel produced by 35% by 2030, against a 2016 base-year. Mahindra Sanyo also commits to reducing Scope 3 emissions per tonne of steel produced by 35% by 2030 against a 2016 base-year. These targets are cascaded from Mahindra Sanyo Special Steel.