Outokumpu Oyj

Common Name
Outokumpu
Country
Finland
Sector
Basic Materials
Industry
Steel
Employees
8,374
Ticker
OUT1V
Exchange
NASDAQ HELSINKI LTD
Description
Outokumpu Oyj is a leading global producer of stainless steel, known for its focus on sustainable practices throughout its operations. This Finnish company serves a critical role in the metals and min...

Outokumpu's GHG Emissions Data Preview

In 2023, Outokumpu 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).

However, Outokumpu has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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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 Outokumpu’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 Outokumpu’s data sources below and access millions more through our Disclosure Search.

a. Outokumpu's Annual Report 2023
a. Outokumpu's Annual Report 2023

Insights into Outokumpu's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Outokumpu amounted to 1,470,510 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 Outokumpu decreased by 2.16%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Outokumpu's Scope 1 Emissions Over Time

2021202220230300 k600 k900 k1.2 MtCO2e-13%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Outokumpu's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Outokumpu were 1,013,282 metric tons of CO₂ equivalent (tCO₂e). a

Has Outokumpu reduced its Scope 1 emissions over time?

Since 2021, Outokumpu's Scope 1 emissions have decreased by 15.3%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Outokumpu's Scope 1 emissions decreased by 2.87%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Outokumpu's Scope 2 emissions?

In 2023, Outokumpu reported Scope 2 greenhouse gas (GHG) emissions of 141,599 tCO₂e using the market-based method and 457,228 tCO₂e using the location-based method. a

Has Outokumpu reduced its Scope 2 emissions over time?

Since 2021, Outokumpu's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 21.37%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Outokumpu's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Outokumpu 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Outokumpu use for Scope 2 reporting?

In 2023, Outokumpu reported its Scope 2 emissions using the market-based method and using the location-based method. a

Outokumpu's Scope 2 Emissions Over Time

2021202220230150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Outokumpu's Value Chain Emissions

In 2023, Outokumpu reported 2,309,430 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 Outokumpu includes a breakdown across 0 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

Outokumpu's Scope 3 Emissions Over Time

2021202220230800 k1.6 M2.4 M3.2 MtCO2e-14%-15%
  • Total Scope 3
  • Year-over-Year Change

What are Outokumpu's Scope 3 emissions?

In 2023, Outokumpu reported total Scope 3 emissions of 2,309,430 metric tons of CO₂ equivalent (tCO₂e). a

Has Outokumpu reduced its Scope 3 emissions over time?

Since 2021, Outokumpu's Scope 3 emissions have decreased by 26.86%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Outokumpu's Scope 3 emissions decreased by 15.02%, highlighting the company's efforts to lower indirect emissions from its value chain. a

Insights into Outokumpu’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Outokumpu reported Scope 1 greenhouse gas (GHG) emissions of 1,013,282 tCO₂e and total revenues of USD 7,705 millions. This translates into an emissions intensity of 131.52 tCO₂e per millions USD. a

Outokumpu's Scope 1 Emissions Intensity Compared to Peers

1,00020,000500,00020,000,000500,000,000Scope 1 Emissions (tCO2e)2002,00020,000200,0002,000,000Revenues (Millions of USD)XWWalsin LihwaYear: 2024Scope 1: 3,206,945 tCO2eRevenue: $M 5,474Scope 1 Intensity: 585.88 tCO2e/$MVesuviusYear: 2023Scope 1: 169,914 tCO2eRevenue: $M 2,457Scope 1 Intensity: 69.14 tCO2e/$MRatnamani Metals and TubesYear: 2025Scope 1: 10,400 tCO2eRevenue: $M 607Scope 1 Intensity: 17.13 tCO2e/$MAPL Apollo TubesYear: 2024Scope 1: 52,852 tCO2eRevenue: $M 2,099Scope 1 Intensity: 25.18 tCO2e/$MKumba Iron OreYear: 2024Scope 1: 417,000 tCO2eRevenue: $M 3,633Scope 1 Intensity: 114.77 tCO2e/$MJindal SAWYear: 2025Scope 1: 1,703,961 tCO2eRevenue: $M 2,345Scope 1 Intensity: 726.50 tCO2e/$MCSN MineracaoYear: 2024Scope 1: 209,099 tCO2eRevenue: $M 2,670Scope 1 Intensity: 78.31 tCO2e/$MUsiminasYear: 2023Scope 1: 4,782,300 tCO2eRevenue: $M 5,698Scope 1 Intensity: 839.24 tCO2e/$MCompanhia Siderurgica NacionalYear: 2024Scope 1: 15,213,806 tCO2eRevenue: $M 7,072Scope 1 Intensity: 2,151.40 tCO2e/$MXXXinyu Iron & SteelYear: 2023Scope 1: 19,625,639 tCO2eRevenue: $M 10,010Scope 1 Intensity: 1,960.55 tCO2e/$MJindal SteelYear: 2025Scope 1: 21,490,000 tCO2eRevenue: $M 4,832Scope 1 Intensity: 4,447.68 tCO2e/$MSteel DynamicsYear: 2023Scope 1: 2,750,371 tCO2eRevenue: $M 18,795Scope 1 Intensity: 146.33 tCO2e/$MMagnitogorskiy Metallurgicheskiy KombinatYear: 2023Scope 1: 79,844,448 tCO2eRevenue: $M 763,390Scope 1 Intensity: 104.59 tCO2e/$MKobe SteelYear: 2024Scope 1: 14,200,000 tCO2eRevenue: $M 16,793Scope 1 Intensity: 845.59 tCO2e/$MJacquet MetalsYear: 2024Scope 1: 5,662 tCO2eRevenue: $M 2,050Scope 1 Intensity: 2.76 tCO2e/$MNMDCYear: 2025Scope 1: 103,482 tCO2eRevenue: $M 2,797Scope 1 Intensity: 36.99 tCO2e/$MWWWorthington SteelYear: 2025Scope 1: 97,988 tCO2eRevenue: $M 3,093Scope 1 Intensity: 31.68 tCO2e/$MSalzgitterYear: 2024Scope 1: 10,135,000 tCO2eRevenue: $M 10,418Scope 1 Intensity: 972.81 tCO2e/$MAperamYear: 2024Scope 1: 860,000 tCO2eRevenue: $M 6,509Scope 1 Intensity: 132.12 tCO2e/$MHyundai SteelYear: 2023Scope 1: 26,679,000 tCO2eRevenue: $M 20,280Scope 1 Intensity: 1,315.52 tCO2e/$MBlueScope SteelYear: 2024Scope 1: 8,500,000 tCO2eRevenue: $M 11,345Scope 1 Intensity: 749.21 tCO2e/$MHBISYear: 2024Scope 1: 52,220,000 tCO2eRevenue: $M 16,664Scope 1 Intensity: 3,133.68 tCO2e/$MTaigang StainlessYear: 2023Scope 1: 21,600,000 tCO2eRevenue: $M 14,861Scope 1 Intensity: 1,453.46 tCO2e/$MOutokumpuYear: 2023Scope 1: 1,013,282 tCO2eRevenue: $M 7,705Scope 1 Intensity: 131.52 tCO2e/$M

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

In 2023, Outokumpu reported a Scope 1 emissions intensity of 131.52 tCO₂e per millions USD. Compared to the peer group median of 585.88 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Outokumpu rank on GHG emissions intensity within its industry?

In 2023, Outokumpu ranked 10 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Outokumpu is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Outokumpu's Total Carbon Footprint

In 2023, Outokumpu reported a total carbon footprint of 3,779,940 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.44% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Outokumpu's total carbon footprint was Scope 3 emissions, accounting for 61.1% of the company's total carbon footprint, followed by Scope 1 emissions at 26.81%. a

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