In 2024, Cleveland-Cliffs 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) and Scope 2 (indirect emissions from purchased energy).
However, Cleveland-Cliffs has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 26,200,000a | 27,900,000a | 25,400,000a | |
Total Scope 2 | ||||
Market-Based | 3,300,000a | 3,900,000a | 3,800,000a | |
Location-Based | 4,000,000a | 4,600,000a | 4,600,000a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,365.6502a | 1,268.4124a | 1,104.8762a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Cleveland-Cliffs amounted to 30,200,000 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Cleveland-Cliffs decreased by 7.08%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Cleveland-Cliffs were 26,200,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Cleveland-Cliffs's Scope 1 emissions have decreased by 4.73%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Cleveland-Cliffs's Scope 1 emissions decreased by 6.09%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Cleveland-Cliffs reported Scope 2 greenhouse gas (GHG) emissions of 3,300,000 tCO₂e using the market-based method and 4,000,000 tCO₂e using the location-based method.a
Compared to the previous year (2023), Cleveland-Cliffs's Scope 2 emissions (Location-Based) fell by 13.04% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Cleveland-Cliffs reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Cleveland-Cliffs reported Scope 1 greenhouse gas (GHG) emissions of 26,200,000 tCO₂e and total revenues of USD 19,185 millions. This translates into an emissions intensity of 1,365.65 tCO₂e per millions USD.a
In 2024, Cleveland-Cliffs reported a Scope 1 emissions intensity of 1,365.65 tCO₂e per millions USD. Compared to the peer group median of 929.22, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Cleveland-Cliffs ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Cleveland-Cliffs is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a