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SSAB AB
SSAB's GHG Emissions Data Preview
In 2024, SSAB 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).
SSAB has also provided a category-level breakdown for 9 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind SSAB’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 SSAB’s data sources below and access millions more through our Disclosure Search.
Insights into SSAB's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofSSAB amounted to10,743,000metric 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 SSABdecreased by 3.25%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
SSAB's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are SSAB's Scope 1 emissions?
In 2024, the total Scope 1 emissions of SSAB were 9,483,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has SSAB reduced its Scope 1 emissions over time?
Since 2019, SSAB's Scope 1 emissions have decreased by 6.61%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), SSAB's Scope 1 emissions decreased by 4.66%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are SSAB's Scope 2 emissions?
In 2024, SSAB reported Scope 2 greenhouse gas (GHG) emissions of 1,260,000 tCOâ‚‚e using the market-based method.a
Has SSAB reduced its Scope 2 emissions over time?
Since 2019, SSAB's Scope 2 greenhouse gas (GHG) emissions (Market-Based)have decreased by 11.7%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), SSAB's Scope 2 emissions(Market-Based) have remained relatively stable, indicating that SSAB's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does SSAB use for Scope 2 reporting?
In 2024, SSAB reported its Scope 2 emissions using the market-based method.a
SSAB's Scope 2 Emissions Over Time
- Total Scope 2 Market-Based
Insights into SSAB's Value Chain Emissions
In 2024, SSAB reported 10,204,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of SSAB includes a breakdown across 9of 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
SSAB's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are SSAB's Scope 3 emissions?
In 2024, SSAB reported total Scope 3 emissions of 10,204,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 90.39%of these emissions originated from upstream activities such as purchased goods and capital goods, while 9.61%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), SSAB's Scope 3 emissions remained relatively stable, indicating that SSAB's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does SSAB disclose?
In 2024, SSAB reported emissions for 9 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.
What are the main sources of SSAB's Scope 3 emissions?
In 2024, the largest contributors to SSAB's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 5,966,000 tCOâ‚‚e(58.47%)
- Upstream Transportation and Distribution (Cat. 4): 2,557,000 tCOâ‚‚e(25.06%)
- Processing of Sold Products (Cat. 10): 981,000 tCOâ‚‚e(9.61%)
SSAB's Scope 3 Emissions by Categories
Insights into SSAB’s GHG Emissions Intensity Compared to Industry Peers
In 2024, SSAB reported Scope 1 greenhouse gas (GHG) emissions of 9,483,000 tCOâ‚‚e and total revenues of USD 9,118 millions. This translates into an emissions intensity of 1,040 tCOâ‚‚e per millions USD.a
SSAB's Scope 1 Emissions Intensity Compared to Peers
How does SSAB's GHG emissions intensity compare to its peers?
In 2024, SSAB reported a Scope 1 emissions intensity of 1,040 tCOâ‚‚e per millions USD. Compared to the peer group median of 1,459.72, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does SSAB rank on GHG emissions intensity within its industry?
In 2024, SSAB ranked 11 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
SSAB is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into SSAB's Total Carbon Footprint
In 2024, SSAB reported a total carbon footprint of 20,947,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.79% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to SSAB's total carbon footprint was Scope 3 emissions, accounting for 48.71% of the company's total carbon footprint, followed by Scope 1 emissions at 45.27%.a