In 2024, Posco Future M 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).
Posco Future M has also provided a category-level breakdown for 15 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 | 1,885,309a | 2,022,087.6a | 1,916,391.8a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 412,832.9a | 366,750.3a | 315,920.2a | |
Total Scope 3 | 1,972,949a | 1,604,844a | 8,575,444.7a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 747.7095a | 542.8517a | 731.4396a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Posco Future M amounted to 2,298,141.9 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 Posco Future M decreased by 3.8%, 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 Posco Future M were 1,885,309 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Posco Future M's Scope 1 emissions have decreased by 16.64%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Posco Future M's Scope 1 emissions decreased by 6.76%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Posco Future M reported Scope 2 greenhouse gas (GHG) emissions of 412,832.9 tCO₂e without specifying the calculation method.a
Since 2019, Posco Future M's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 163.68%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Posco Future M's Scope 2 emissions (Unspecified Calculation Method) rose by 12.57% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Posco Future M reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Posco Future M reported 1,972,949 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 Posco Future M includes a breakdown across 15 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, Posco Future M reported total Scope 3 emissions of 1,972,949 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 98.03% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.97% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Posco Future M's Scope 3 emissions increased by 22.94%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Posco Future M reported emissions for 15 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 Posco Future M's Scope 3 emissions were:a
In 2024, Posco Future M reported Scope 1 greenhouse gas (GHG) emissions of 1,885,309 tCO₂e and total revenues of USD 2,521 millions. This translates into an emissions intensity of 747.71 tCO₂e per millions USD.a
In 2024, Posco Future M reported a Scope 1 emissions intensity of 747.71 tCO₂e per millions USD. Compared to the peer group median of 3.66, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Posco Future M ranked 26 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Posco Future M among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Posco Future M reported a total carbon footprint of 4,271,090.9 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.95% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Posco Future M's total carbon footprint was Scope 3 emissions, accounting for 46.19% of the company's total carbon footprint, followed by Scope 1 emissions at 44.14%.a