Posco Future M Co Ltd
Posco Future M's GHG Emissions Data Preview
In 2023, 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 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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 Posco Future M's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Posco Future M amounted to 2,388,837.9 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Posco Future M increased by 7.01%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Posco Future M's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Posco Future M's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Posco Future M were 2,022,087.6 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Posco Future M reduced its Scope 1 emissions over time?
Since 2019, Posco Future M's Scope 1 emissions have decreased by 10.59%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Posco Future M's Scope 1 emissions increased by 5.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Posco Future M's Scope 2 emissions?
In 2023, Posco Future M reported Scope 2 greenhouse gas (GHG) emissions of 366,750.3 tCOâ‚‚e without specifying the calculation method.
Has Posco Future M reduced its Scope 2 emissions over time?
Since 2019, Posco Future M's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 134.24%, reflecting a rising long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Posco Future M's Scope 2 emissions (Unspecified Calculation Method) rose by 16.09% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy
What methodology does Posco Future M use for Scope 2 reporting?
In 2023, Posco Future M reported its Scope 2 emissions using an unspecified methodology.
Posco Future M's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Posco Future M's Value Chain Emissions
In 2023, Posco Future M reported 1,604,844 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 Posco Future M includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, down from 10 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.
Posco Future M's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Posco Future M's Scope 3 emissions?
In 2023, Posco Future M reported total Scope 3 emissions of 1,604,844 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 95.65% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.35% came from downstream activities like product use, distribution, and end-of-life treatment.
Compared to the previous year (2022), Posco Future M's Scope 3 emissions decreased by 81.29%, highlighting the company's efforts to lower indirect emissions from its value chain.
What categories of Scope 3 emissions does Posco Future M disclose?
In 2023, Posco Future M reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Posco Future M's Scope 3 emissions?
In 2023, the largest contributors to Posco Future M's Scope 3 emissions were:
- Fuel- and Energy-Related Services (Cat. 3): 754,908 tCOâ‚‚e (47.04%)
- Purchased Goods and Services (Cat. 1): 664,089 tCOâ‚‚e (41.38%)
- Investments (Cat. 15): 69,826 tCOâ‚‚e (4.35%)
Posco Future M's Scope 3 Emissions by Categories
Insights into Posco Future M's Total Carbon Footprint
In 2023, Posco Future M reported a total carbon footprint of 3,993,681.9 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 63.05% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to Posco Future M's total carbon footprint was Scope 1 emissions, accounting for 50.63% of the company's total carbon footprint, followed by Scope 3 emissions at 40.18%.