China Baowu Steel Group Co.,Ltd
China Baowu Steel Group Co., Ltd., commonly referred to as Baowu Steel, is a leading player in the global steel industry, headquartered in China. Established in 2016 through the merger of Baosteel Group and Wuhan Iron and Steel Corporation, the company has rapidly ascended to become the largest steel producer in the world, with significant operations across various regions in China and beyond. Specialising in the production of high-quality steel products, Baowu Steel offers a diverse range of services, including steel manufacturing, processing, and distribution. Its commitment to innovation and sustainability sets it apart, as the company invests heavily in advanced technologies and eco-friendly practices. With a strong market position, Baowu Steel has achieved numerous accolades, reinforcing its reputation as a cornerstone of the steel industry.
DitchCarbon Score
How does China Baowu Steel Group Co.,Ltd'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 Business Services 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
China Baowu Steel Group Co.,Ltd's score of 39 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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China Baowu Steel Group Co.,Ltd's reported carbon emissions
In 2023, China Baowu Steel Group Co., Ltd reported total carbon emissions of approximately 13,654,000,000 kg CO2e. This figure includes 10,617,000,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 285,000,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, Scope 3 emissions totalled about 2,753,000,000 kg CO2e, with significant contributions from purchased goods and services (1,876,000,000 kg CO2e) and capital goods (313,000,000 kg CO2e). Comparatively, in 2022, the company reported total emissions of approximately 14,165,000,000 kg CO2e, with Scope 1 emissions at 10,418,000,000 kg CO2e and Scope 2 emissions at 338,000,000 kg CO2e. Scope 3 emissions for that year were about 3,409,000,000 kg CO2e. Despite the lack of specific reduction targets or initiatives disclosed, the company has shown a slight decrease in total emissions from 2022 to 2023. The emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported by China Baowu Steel Group Co., Ltd. The company operates within the iron and steel industry, which is known for its significant greenhouse gas emissions, and has reported a greenhouse gas emission intensity of approximately 2,040 kg CO2e per tonne of production in 2023.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 9,768,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 402,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,436,000,000 | 0,000,000,000 | 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.
China Baowu Steel Group Co.,Ltd is participating in some 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.
