In 2024, 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 63,672,000a | 64,020,000a | 63,403,000a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 11,423,000a | 12,425,000a | 11,912,000a | |
Total Scope 3 | 15,643,000a | 15,580,000a | 16,588,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,087.3232a | 1,069.204a | 1,136.2347a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Nippon Steel amounted to 75,095,000 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 Nippon Steel decreased by 1.77%, 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 Nippon Steel were 63,672,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Nippon Steel's Scope 1 emissions have decreased by 19.09%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), 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
In 2024, Nippon Steel reported Scope 2 greenhouse gas (GHG) emissions of 11,423,000 tCO₂e without specifying the calculation method.a
Since 2019, 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.ab
Compared to the previous year (2023), 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
In 2024, Nippon Steel reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Nippon Steel reported 15,643,000 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 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Nippon Steel reported total Scope 3 emissions of 15,643,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 91.47% of these emissions originated from upstream activities such as purchased goods and capital goods, while 8.53% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), 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
In 2024, 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.
In 2024, the largest contributors to Nippon Steel's Scope 3 emissions were:a
In 2024, Nippon Steel reported Scope 1 greenhouse gas (GHG) emissions of 63,672,000 tCO₂e and total revenues of USD 58,558 millions. This translates into an emissions intensity of 1,087.32 tCO₂e per millions USD.a
In 2024, Nippon Steel reported a Scope 1 emissions intensity of 1,087.32 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, Nippon Steel ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Nippon Steel is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Nippon Steel reported a total carbon footprint of 90,738,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.4% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Nippon Steel's total carbon footprint was Scope 1 emissions, accounting for 70.17% of the company's total carbon footprint, followed by Scope 3 emissions at 17.24%.a