In 2024, Swiss Steel Holding 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).
Swiss Steel Holding has also provided a category-level breakdown for 5 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 | 407,000a | 478,000a | 530,000a | |
Total Scope 2 | ||||
Market-Based | 177,000a | 252,000a | 276,000a | |
Location-Based | N/A | N/A | N/A | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 1,124,000a | 1,054,000b | 1,179,000b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 155.7482a | 133.12a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Swiss Steel Holding amounted to 584,000 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 Swiss Steel Holding decreased by 20%, 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 Swiss Steel Holding were 407,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Swiss Steel Holding's Scope 1 emissions have decreased by 33.28%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Swiss Steel Holding's Scope 1 emissions decreased by 14.85%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Swiss Steel Holding reported Scope 2 greenhouse gas (GHG) emissions of 177,000 tCO₂e using the market-based method.a
Compared to the previous year (2023), Swiss Steel Holding's Scope 2 emissions (Market-Based) fell by 29.76% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Swiss Steel Holding reported its Scope 2 emissions using the market-based method.a
In 2024, Swiss Steel Holding reported 1,124,000 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 Swiss Steel Holding includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Swiss Steel Holding reported total Scope 3 emissions of 1,124,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 82.35% of these emissions originated from upstream activities such as purchased goods and capital goods, while 17.65% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Swiss Steel Holding's Scope 3 emissions remained relatively stable, indicating that Swiss Steel Holding's emissions have plateaued with no significant change in its value chain footprint.ab
In 2024, Swiss Steel Holding reported emissions for 5 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.
In 2024, the largest contributors to Swiss Steel Holding's Scope 3 emissions were:a
In 2024, Swiss Steel Holding reported Scope 1 greenhouse gas (GHG) emissions of 407,000 tCO₂e and total revenues of USD 2,613 millions. This translates into an emissions intensity of 155.75 tCO₂e per millions USD.a
In 2024, Swiss Steel Holding reported a Scope 1 emissions intensity of 155.75 tCO₂e per millions USD. Compared to the peer group median of 97.49, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Swiss Steel Holding ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Swiss Steel Holding is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Swiss Steel Holding reported a total carbon footprint of 1,708,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.26% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Swiss Steel Holding's total carbon footprint was Scope 3 emissions, accounting for 65.81% of the company's total carbon footprint, followed by Scope 1 emissions at 23.83%.a