Daido Steel Co
Daido Steel Co., Ltd., commonly referred to as Daido Steel, is a prominent player in the global steel industry, headquartered in Japan. Established in 1916, the company has evolved into a leader in the production of high-quality steel products, particularly in the fields of special steel and alloy materials. With major operations across Asia, Europe, and North America, Daido Steel serves a diverse range of sectors, including automotive, aerospace, and machinery. The company is renowned for its innovative core products, such as high-strength steel and precision-engineered components, which are distinguished by their exceptional durability and performance. Daido Steel's commitment to research and development has positioned it as a market leader, achieving notable milestones in sustainability and technological advancement. With a strong reputation for quality and reliability, Daido Steel continues to shape the future of the steel industry.
DitchCarbon Score
How does Daido Steel Co's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Iron and Steel Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Daido Steel Co's score of 33 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Daido Steel Co's reported carbon emissions
In 2023, Daido Steel Co., headquartered in Japan, reported significant carbon emissions, with a total of approximately 1,441,000,000 kg CO2e attributed to Scope 3 emissions. This figure includes emissions from purchased goods and services (about 1,116,000,000 kg CO2e), fuel and energy-related activities (approximately 187,000,000 kg CO2e), and waste generated in operations (around 15,000,000 kg CO2e). For the previous year, 2022, Daido Steel's emissions were reported as follows: Scope 1 emissions totalled about 367,000,000 kg CO2e, Scope 2 emissions were approximately 457,000,000 kg CO2e, and Scope 3 emissions were about 1,451,000,000 kg CO2e. This indicates a consistent reliance on Scope 3 emissions, which represent the majority of their carbon footprint. Daido Steel has set ambitious reduction targets, aiming to achieve a 50% reduction in Scope 1 and Scope 2 emissions by 2030, compared to 2013 levels. Additionally, they are targeting a 68% reduction in Scope 2 emissions by the same year. The company has also committed to achieving carbon neutrality across all scopes by 2050, aligning their long-term strategy with the development of decarbonisation technologies and infrastructure. These commitments reflect Daido Steel's proactive approach to addressing climate change and reducing their environmental impact within the iron and steel industry.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 449,000,000 | - | - | - | - | - | - | - | - | 000,000,000 | - |
| Scope 2 | 595,000,000 | - | - | - | - | - | - | - | - | 000,000,000 | - |
| Scope 3 | - | - | - | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Daido Steel Co is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
