Outokumpu Oyj

Common Name
Outokumpu
Country
Finland
Sector
Basic Materials
Industry
Steel
Employees
8,340
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)2024202320222021 - 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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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

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).

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.

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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

What are Outokumpu's Scope 2 emissions?

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

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.

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.

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.

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 COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

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.

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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

Insights into Outokumpu's Total Carbon Footprint

In 2023, Outokumpu reported a total carbon footprint of 3,779,940 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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.

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%.