Hsin Kuang Steel Co Ltd

Common Name
Hsin Kuang Steel
Country
Taiwan
Sector
Basic Materials
Industry
Steel
Employees
N/A
Ticker
2031
Exchange
TAIWAN STOCK EXCHANGE
Description
Hsin Kuang Steel Co., Ltd. operates as a key player in the steel manufacturing sector, specializing in the production and distribution of a diverse range of steel products. The company's offerings inc...

Hsin Kuang Steel's Climate Target Data Preview

As of 2023, Hsin Kuang Steel has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Hsin Kuang Steel ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Renminbi/Chinese Yuan (RMB) of Revenue
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a
2030
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Verified Sources Behind Hsin Kuang Steel’s Climate Targets Data

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a. Hsin Kuang Steel's Sustainability Report 2023
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Insights into Hsin Kuang Steel's Greenhouse Gas Emissions Pathways

As of 2023, Hsin Kuang Steel has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does Hsin Kuang Steel have a target to reduce the emissions from its operations?

As of 2023, Hsin Kuang Steel has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Hsin Kuang Steel's most ambitious operational target is to reduce these emissions by 11% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Renminbi/Chinese Yuan (RMB) of Revenue in 2023. a

a

Hsin Kuang Steel's Operational (Scope 1+2) Emissions Pathway

2023203000000BaselineTarget 2030 (-11%)
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