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Steel Dynamics Inc
Steel Dynamics's GHG Emissions Data Preview
In 2024, Steel Dynamics 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).
Steel Dynamics has also provided a category-level breakdown for 4 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.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 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 Steel Dynamics’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 Steel Dynamics’s data sources below and access millions more through our Disclosure Search.
Insights into Steel Dynamics's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofSteel Dynamics amounted to6,014,075metric 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 Steel Dynamicsdecreased by 2.34%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Steel Dynamics's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Steel Dynamics's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Steel Dynamics were 2,847,438 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Steel Dynamics reduced its Scope 1 emissions over time?
Since 2019, Steel Dynamics's Scope 1 emissions have increased by 61.93%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Steel Dynamics's Scope 1 emissions increased by 3.53%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Steel Dynamics's Scope 2 emissions?
In 2024, Steel Dynamics reported Scope 2 greenhouse gas (GHG) emissions of 1,474,749 tCOâ‚‚e using the market-based method and 3,166,637 tCOâ‚‚e using the location-based method.a
Has Steel Dynamics reduced its Scope 2 emissions over time?
Since 2019, Steel Dynamics's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 19.65%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), Steel Dynamics's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Steel Dynamics's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Steel Dynamics use for Scope 2 reporting?
In 2024, Steel Dynamics reported its Scope 2 emissions using the market-based method and using the location-based method.a
Steel Dynamics's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Steel Dynamics's Value Chain Emissions
In 2024, Steel Dynamics reported 6,355,224 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 Steel Dynamics includes a breakdown across 4of 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
Steel Dynamics's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Steel Dynamics's Scope 3 emissions?
In 2024, Steel Dynamics reported total Scope 3 emissions of 6,355,224 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Steel Dynamics's Scope 3 emissions remained relatively stable, indicating that Steel Dynamics's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Steel Dynamics disclose?
In 2024, Steel Dynamics reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Steel Dynamics's Scope 3 emissions?
In 2024, the largest contributors to Steel Dynamics's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 4,852,672 tCOâ‚‚e(76.36%)
- Fuel- and Energy-Related Services (Cat. 3): 924,670 tCOâ‚‚e(14.55%)
- Upstream Transportation and Distribution (Cat. 4): 505,809 tCOâ‚‚e(7.96%)
Steel Dynamics's Scope 3 Emissions by Categories
Insights into Steel Dynamics’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Steel Dynamics reported Scope 1 greenhouse gas (GHG) emissions of 2,847,438 tCOâ‚‚e and total revenues of USD 17,540 millions. This translates into an emissions intensity of 162.34 tCOâ‚‚e per millions USD.a
Steel Dynamics's Scope 1 Emissions Intensity Compared to Peers
How does Steel Dynamics's GHG emissions intensity compare to its peers?
In 2024, Steel Dynamics reported a Scope 1 emissions intensity of 162.34 tCOâ‚‚e per millions USD. Compared to the peer group median of 107.46, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Steel Dynamics rank on GHG emissions intensity within its industry?
In 2024, Steel Dynamics ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Steel Dynamics is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Steel Dynamics's Total Carbon Footprint
In 2024, Steel Dynamics reported a total carbon footprint of 12,369,299 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.19% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Steel Dynamics's total carbon footprint was Scope 3 emissions, accounting for 51.38% of the company's total carbon footprint, followed by Scope 2 emissions at 25.6%.a