Posco
POSCO, officially known as Pohang Iron and Steel Company, is a leading global steel manufacturer headquartered in Pohang, South Korea (KR). Founded in 1968, the company has established itself as a key player in the steel industry, with significant operations across Asia, North America, and Europe. Specialising in the production of high-quality steel products, POSCO offers a diverse range of solutions, including hot-rolled and cold-rolled steel, stainless steel, and electrical steel. Its commitment to innovation and sustainability sets it apart, as the company continually invests in advanced technologies and eco-friendly practices. With a strong market position, POSCO has received numerous accolades for its operational excellence and environmental initiatives, solidifying its reputation as a pioneer in the steel sector.
DitchCarbon Score
How does Posco'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 Other Non-Ferrous Metal Products 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
Posco's score of 34 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Posco's reported carbon emissions
In 2023, Posco reported significant carbon emissions, totalling approximately 71,971,900,000 kg CO2e across all scopes. This includes 70,588,012,000 kg CO2e from Scope 1 emissions, 1,383,895,000 kg CO2e from Scope 2, and 7,419,787,000 kg CO2e from Scope 3 emissions. The total emissions from Scope 1 and 2 combined were about 71,971,900,000 kg CO2e. Posco's emissions have shown fluctuations over the years. For instance, in 2022, the company emitted approximately 70,185,623,000 kg CO2e, with Scope 1 emissions at 68,305,993,000 kg CO2e and Scope 2 at 1,879,630,000 kg CO2e. The Scope 3 emissions for that year were around 7,107,502,000 kg CO2e. Despite the substantial emissions figures, there are currently no specific reduction targets or initiatives disclosed by Posco. The company does not appear to have set Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges. Emissions data is not cascaded from any parent company, and all reported figures are directly from Posco. Posco's commitment to addressing climate change is evident through its transparency in emissions reporting, although further details on specific reduction strategies or targets would enhance its climate action profile.
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| 2014 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,870 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 130 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 18,035,000,000 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 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.
Posco 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.
