Nippon Steel Corp

Common Name
Nippon Steel
Country
Japan
Sector
Basic Materials
Industry
Steel
Employees
113,845
Ticker
5401
Exchange
TOKYO STOCK EXCHANGE
Description
Nippon Steel Corporation is a leading integrated steel producer based in Japan. As one of the largest steel manufacturers in the world, it is primarily engaged in the production of a wide range of ste...

Nippon Steel's GHG Emissions Data Preview

In 2023, Nippon 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).

Nippon Steel has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Nippon Steel’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Nippon Steel’s data sources below and access millions more through our Disclosure Search.

a. Nippon Steel's Integrated Report 2024
a. Nippon Steel's Integrated Report 2024
b. Nippon Steel's Integrated Report 2023
b. Nippon Steel's Integrated Report 2023

Insights into Nippon Steel's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Nippon Steel amounted to 76,473,000 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 2022, the total operational greenhouse gas (GHG) emissions of Nippon Steel increased by 1.54%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Nippon Steel's Scope 1 Emissions Over Time

201820192020202120222023025 M50 M75 M100 MtCO2e-3%-20%+13%-11%+1%
  • Total Scope 1
  • Year-over-Year Change

What are Nippon Steel's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Nippon Steel were 64,007,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Nippon Steel reduced its Scope 1 emissions over time?

Since 2018, Nippon Steel's Scope 1 emissions have decreased by 21.31%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Nippon Steel's Scope 1 emissions remained relatively stable, indicating that Nippon Steel's emissions have plateaued with no significant change in its operational footprint. a

What are Nippon Steel's Scope 2 emissions?

In 2023, Nippon Steel reported Scope 2 greenhouse gas (GHG) emissions of 12,466,000 tCO₂e without specifying the calculation method. a

Has Nippon Steel reduced its Scope 2 emissions over time?

Since 2018, Nippon Steel's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have remained relatively stable, indicating that Nippon Steel 's emissions have plateaued with no significant change in its energy consumption footprint. a b

Compared to the previous year (2022), Nippon Steel's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Nippon Steel 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Nippon Steel use for Scope 2 reporting?

In 2023, Nippon Steel reported its Scope 2 emissions using an unspecified methodology. a

Nippon Steel's Scope 2 Emissions Over Time

20182019202020212022202303.5 M7 M10.5 M14 MtCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Nippon Steel's Value Chain Emissions

In 2023, Nippon Steel reported 15,580,000 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 2023 disclosure of Nippon Steel includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Nippon Steel's Scope 3 Emissions Over Time

202020212022202305 M10 M15 M20 MtCO2e+8%-15%-6%
  • Total Scope 3
  • Year-over-Year Change

What are Nippon Steel's Scope 3 emissions?

In 2023, Nippon Steel reported total Scope 3 emissions of 15,580,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 92.79% of these emissions originated from upstream activities such as purchased goods and capital goods, while 7.21% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2022), Nippon Steel's Scope 3 emissions remained relatively stable, indicating that Nippon Steel 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Nippon Steel disclose?

In 2023, Nippon Steel reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Nippon Steel's Scope 3 emissions?

In 2023, the largest contributors to Nippon Steel's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 11,995,000 tCO₂e (76.99%)
  • Capital Goods (Cat. 2): 1,571,000 tCO₂e (10.08%)
  • Investments (Cat. 15): 1,124,000 tCO₂e (7.21%)

Nippon Steel's Scope 3 Emissions by Categories

Investments(Cat. 15)(7.2%)Capital Goods(Cat. 2)(10.1%)Purchased Goods andServices (Cat. 1)(77.0%)

Insights into Nippon Steel’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Nippon Steel reported Scope 1 greenhouse gas (GHG) emissions of 64,007,000 tCO₂e and total revenues of USD 59,876 millions. This translates into an emissions intensity of 1,068.99 tCO₂e per millions USD. a

Nippon Steel's Scope 1 Emissions Intensity Compared to Peers

5,00050,0001,000,00020,000,000500,000,000Scope 1 Emissions (tCO2e)2002,00010,00050,000200,000Revenues (Millions of USD)DNippon Paint HoldingsYear: 2023Scope 1: 83,887 tCO2eRevenue: $M 10,200Scope 1 Intensity: 8.22 tCO2e/$MDOWA HoldingsYear: 2022Scope 1: 1,039,000 tCO2eRevenue: $M 6,817Scope 1 Intensity: 152.42 tCO2e/$MDICYear: 2024Scope 1: 282,856 tCO2eRevenue: $M 6,823Scope 1 Intensity: 41.46 tCO2e/$MAir WaterYear: 2023Scope 1: 573,000 tCO2eRevenue: $M 7,544Scope 1 Intensity: 75.95 tCO2e/$MKanekaYear: 2022Scope 1: 624,100 tCO2eRevenue: $M 5,667Scope 1 Intensity: 110.12 tCO2e/$MMitsubishi Chemical GroupYear: 2023Scope 1: 6,727,000 tCO2eRevenue: $M 34,794Scope 1 Intensity: 193.34 tCO2e/$MOji HoldingsYear: 2024Scope 1: 5,791,000 tCO2eRevenue: $M 11,201Scope 1 Intensity: 517.01 tCO2e/$MMitsubishi MaterialsYear: 2024Scope 1: 962,000 tCO2eRevenue: $M 10,173Scope 1 Intensity: 94.56 tCO2e/$MMitsubishi Gas ChemicalYear: 2023Scope 1: 715,000 tCO2eRevenue: $M 5,865Scope 1 Intensity: 121.91 tCO2e/$MNippon Sanso HoldingsYear: 2024Scope 1: 1,062,000 tCO2eRevenue: $M 8,288Scope 1 Intensity: 128.14 tCO2e/$MNagase & CoYear: 2022Scope 1: 31,099 tCO2eRevenue: $M 6,397Scope 1 Intensity: 4.86 tCO2e/$MDenkaYear: 2023Scope 1: 1,393,000 tCO2eRevenue: $M 3,060Scope 1 Intensity: 455.27 tCO2e/$MTakasago InternationalYear: 2023Scope 1: 28,866 tCO2eRevenue: $M 1,402Scope 1 Intensity: 20.58 tCO2e/$MDDDaio PaperYear: 2023Scope 1: 3,153,000 tCO2eRevenue: $M 4,851Scope 1 Intensity: 649.91 tCO2e/$MShin-Etsu ChemicalYear: 2024Scope 1: 2,326,000 tCO2eRevenue: $M 15,946Scope 1 Intensity: 145.86 tCO2e/$MDaido SteelYear: 2022Scope 1: 367,000 tCO2eRevenue: $M 4,341Scope 1 Intensity: 84.55 tCO2e/$MKobe SteelYear: 2024Scope 1: 14,200,000 tCO2eRevenue: $M 16,793Scope 1 Intensity: 845.59 tCO2e/$MNitto DenkoYear: 2024Scope 1: 291,000 tCO2eRevenue: $M 6,043Scope 1 Intensity: 48.16 tCO2e/$MKurarayYear: 2023Scope 1: 1,748,000 tCO2eRevenue: $M 5,522Scope 1 Intensity: 316.57 tCO2e/$MResonac HoldingsYear: 2024Scope 1: 3,300,000 tCO2eRevenue: $M 8,863Scope 1 Intensity: 372.33 tCO2e/$MTokai CarbonYear: 2023Scope 1: 1,900,000 tCO2eRevenue: $M 2,573Scope 1 Intensity: 738.34 tCO2e/$MJFE HoldingsYear: 2024Scope 1: 44,000,000 tCO2eRevenue: $M 34,170Scope 1 Intensity: 1,287.70 tCO2e/$MSumitomo BakeliteYear: 2023Scope 1: 79,554 tCO2eRevenue: $M 2,139Scope 1 Intensity: 37.19 tCO2e/$MMaruichi Steel TubeYear: 2022Scope 1: 45,650 tCO2eRevenue: $M 1,838Scope 1 Intensity: 24.84 tCO2e/$MSumitomo Metal MiningYear: 2024Scope 1: 1,724,000 tCO2eRevenue: $M 9,544Scope 1 Intensity: 180.63 tCO2e/$MNippon SteelYear: 2023Scope 1: 64,007,000 tCO2eRevenue: $M 59,876Scope 1 Intensity: 1,068.99 tCO2e/$M

How does Nippon Steel's GHG emissions intensity compare to its peers?

In 2023, Nippon Steel reported a Scope 1 emissions intensity of 1,068.99 tCO₂e per millions USD. Compared to the peer group median of 128.14 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Nippon Steel rank on GHG emissions intensity within its industry?

In 2023, Nippon Steel ranked 25 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Nippon Steel among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Nippon Steel's Total Carbon Footprint

In 2023, Nippon Steel reported a total carbon footprint of 92,053,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.16% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Nippon Steel's total carbon footprint was Scope 1 emissions, accounting for 69.53% of the company's total carbon footprint, followed by Scope 3 emissions at 16.93%. a

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