Baosteel
Baosteel, officially known as Baoshan Iron & Steel Co., Ltd., is a leading player in the global steel industry, headquartered in Shanghai, China. Founded in 1978, the company has established itself as a key manufacturer of high-quality steel products, serving various sectors including automotive, construction, and energy. With a strong operational presence across Asia and beyond, Baosteel is renowned for its innovative production techniques and commitment to sustainability. The company offers a diverse range of core products, including hot-rolled and cold-rolled steel sheets, which are distinguished by their superior strength and durability. As one of the largest steel producers in the world, Baosteel has achieved significant milestones, including advancements in technology and environmental practices, solidifying its market position and reputation for excellence in the steel manufacturing sector.
DitchCarbon Score
How does Baosteel'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 Metal Fabrication 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
Baosteel's score of 41 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Baosteel's reported carbon emissions
In 2023, Baosteel reported total carbon emissions of approximately 10,617,000,000 kg CO2e from Scope 1, 285,000,000 kg CO2e from Scope 2, and 2,753,000,000 kg CO2e from Scope 3 emissions. The combined emissions from Scope 1 and 2 amounted to about 10,781,000,000 kg CO2e. Notably, the company has set a long-term commitment to achieve carbon neutrality by 2060, aligning with China's national goal. This commitment reflects Baosteel's recognition of the urgent need to address climate change and reduce greenhouse gas emissions across its operations. In previous years, Baosteel's emissions have shown slight fluctuations, with 2022 emissions recorded at approximately 10,418,000,000 kg CO2e for Scope 1, 338,000,000 kg CO2e for Scope 2, and 3,409,000,000 kg CO2e for Scope 3. The company continues to disclose emissions data across all scopes, demonstrating transparency in its climate impact. Baosteel's initiatives are part of a broader industry effort to reduce carbon footprints, particularly in the iron and steel sector, which is known for its significant greenhouse gas emissions. The company is actively working towards its climate commitments while navigating the challenges of emissions reduction in a high-impact industry.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 9,768,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 402,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,436,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Baosteel is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
