In 2024, Maruichi Steel Tube 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).
Maruichi Steel Tube has also provided a category-level breakdown for 10 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 | 44,518a | 44,971a | 45,650a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 112,666a | 119,129a | 122,119a | |
Total Scope 3 | 1,451,433a | 1,540,758a | 1,590,196a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 24.8491a | 21.9087a | 24.843a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Maruichi Steel Tube amounted to 157,184 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 Maruichi Steel Tube decreased by 4.21%, 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 Maruichi Steel Tube were 44,518 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Maruichi Steel Tube's Scope 1 emissions have decreased by 12.73%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Maruichi Steel Tube's Scope 1 emissions decreased by 1.01%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Maruichi Steel Tube reported Scope 2 greenhouse gas (GHG) emissions of 112,666 tCO₂e without specifying the calculation method.a
Since 2020, Maruichi Steel Tube's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 20.94%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Maruichi Steel Tube's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Maruichi Steel Tube's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Maruichi Steel Tube reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Maruichi Steel Tube reported 1,451,433 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Maruichi Steel Tube includes a breakdown across 10 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.a
In 2024, Maruichi Steel Tube reported total Scope 3 emissions of 1,451,433 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 97.28% of these emissions originated from upstream activities such as purchased goods and capital goods, while 2.72% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Maruichi Steel Tube's Scope 3 emissions remained relatively stable, indicating that Maruichi Steel Tube's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Maruichi Steel Tube reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Maruichi Steel Tube's Scope 3 emissions were:a
In 2024, Maruichi Steel Tube reported Scope 1 greenhouse gas (GHG) emissions of 44,518 tCO₂e and total revenues of USD 1,792 millions. This translates into an emissions intensity of 24.85 tCO₂e per millions USD.a
In 2024, Maruichi Steel Tube reported a Scope 1 emissions intensity of 24.85 tCO₂e per millions USD. Compared to the peer group median of 429.38, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Maruichi Steel Tube ranked 4 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Maruichi Steel Tube among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Maruichi Steel Tube reported a total carbon footprint of 1,608,617 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.65% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Maruichi Steel Tube's total carbon footprint was Scope 3 emissions, accounting for 90.23% of the company's total carbon footprint, followed by Scope 2 emissions at 7%.a