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Japan Steel Works Ltd

Common Name
Japan Steel Works
Country
Japan
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
5,283
Ticker
5631
Exchange
Japan Exchange Group
Description
Japan Steel Works Ltd. is a prominent industrial company based in Japan that specializes in manufacturing and engineering steel castings and forgings. It plays a crucial role in the production of high...

Japan Steel Works's Climate Target Data Preview

As of 2024, Japan Steel Works has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets, 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 Japan Steel Works's climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-45%a
2025
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-60%a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Japan Steel Works’s Climate Targets Data

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a. Japan Steel Works's Integrated Report 2024

Insights into Japan Steel Works's Greenhouse Gas Emissions Pathways

As of 2024, Japan Steel Works 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 Japan Steel Works have a target to reduce the emissions from its operations?

As of 2024, Japan Steel Works has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a

Japan Steel Works's most ambitious operational target is to reduce these emissions by 60% by 2030, compared to a baseline of 265,957 Metric Tonnes of CO2 equivalent (mtCO2e) in 2013.a

Instead of reducing operational emissions, Japan Steel Works has increased them, with 2023 levels exceeding those of the 2013 baseline, placing the company well behind its reduction target.a

Japan Steel Works's Operational (Scope 1+2) Emissions Pathway

2013202320252030040 B80 B120 B160 BBaselineCurrent (+56,581,660%)Target 2025 (-45%)Target 2030 (-60%)
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