In 2024, China Steel completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
China Steel has also provided a category-level breakdown for 15 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 27,213,835a | 16,809,455b | 18,248,901a | |
Total Scope 2 | ||||
Market-Based | 1,166,325b | 1,249,102b | 1,373,673b | |
Location-Based | 1,182,375b | 1,263,333b | 1,373,685b | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 11,036,798b | 11,317,608.72b | 11,216,225a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2,472.7638a | 1,419.2823b | 1,247.3551a |
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In 2024, the total operational greenhouse gas (GHG) emissions of China Steel amounted to 28,396,210 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).ab
Compared to 2023, the total operational greenhouse gas (GHG) emissions of China Steel increased by 57.12%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of China Steel were 27,213,835 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, China Steel's Scope 1 emissions have increased by 48.56%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), China Steel's Scope 1 emissions increased by 61.9%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, China Steel reported Scope 2 greenhouse gas (GHG) emissions of 1,166,325 tCO₂e using the market-based method and 1,182,375 tCO₂e using the location-based method.b
Compared to the previous year (2023), China Steel's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that China Steel's emissions have plateaued with no significant change in its energy consumption footprint.b
In 2024, China Steel reported its Scope 2 emissions using the market-based method and using the location-based method.b
In 2024, China Steel reported 11,036,798 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.b
The 2024 disclosure of China Steel includes a breakdown across 15 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.b
In 2024, China Steel reported total Scope 3 emissions of 11,036,798 metric tons of CO₂ equivalent (tCO₂e).b
Approximately 17.32% of these emissions originated from upstream activities such as purchased goods and capital goods, while 82.68% came from downstream activities like product use, distribution, and end-of-life treatment.b
Since 2020, China Steel's Scope 3 emissionshave remained relatively stable, indicating that China Steel's emissions have plateaued with no significant change in its value chain footprint.bd
Compared to the previous year (2023), China Steel's Scope 3 emissions remained relatively stable, indicating that China Steel's emissions have plateaued with no significant change in its value chain footprint.b
In 2024, China Steel reported emissions for 15 out of the 15 Scope 3 categories defined by the GHG Protocol.b
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to China Steel's Scope 3 emissions were:b
In 2024, China Steel reported Scope 1 greenhouse gas (GHG) emissions of 27,213,835 tCO₂e and total revenues of USD 11,005 millions. This translates into an emissions intensity of 2,472.76 tCO₂e per millions USD.a
In 2024, China Steel reported a Scope 1 emissions intensity of 2,472.76 tCO₂e per millions USD. Compared to the peer group median of 585.88, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, China Steel ranked 21 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places China Steel among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, China Steel reported a total carbon footprint of 39,433,008 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 34.17% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to China Steel's total carbon footprint was Scope 1 emissions, accounting for 69.01% of the company's total carbon footprint, followed by Scope 3 emissions at 27.99%.ab