Ssab
SSAB, or Svenskt Stål AB, is a leading global steel company headquartered in Sweden (SE). Established in 1978, SSAB has carved a niche in the steel industry, focusing on high-strength steel and value-added services. With major operations across Europe, North America, and Asia, the company has consistently pushed the boundaries of innovation in steel production. SSAB is renowned for its unique offerings, including Hardox® wear plate and Domex® structural steel, which are designed to enhance durability and performance in various applications. The company has achieved significant milestones, such as its commitment to sustainability through the development of fossil-free steel production methods. As a market leader, SSAB continues to set industry standards, making it a preferred choice for customers seeking advanced steel solutions.
DitchCarbon Score
How does Ssab'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 Metal Fabrication 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
Ssab's score of 76 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ssab's reported carbon emissions
In 2024, SSAB reported significant carbon emissions, with Scope 1 emissions totalling approximately 9,468,000,000 kg CO2e and Scope 2 emissions at about 1,322,000,000 kg CO2e. This reflects a slight decrease from 2023, where Scope 1 emissions were around 9,930,000,000 kg CO2e and Scope 2 emissions were approximately 1,126,000,000 kg CO2e. SSAB has set ambitious climate commitments, aiming for a 35% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2032, based on a 2018 baseline. This target is approved by the Science Based Targets initiative (SBTi) and aligns with the goal of limiting global warming to below 2°C. Furthermore, SSAB is committed to achieving net-zero emissions across its value chain by 2045. In addition to these targets, SSAB plans to introduce fossil-free steel to the market by 2026, which is expected to eliminate all CO2 emissions associated with its production processes. The company has also established near-term targets to reduce absolute Scope 1, 2, and 3 emissions by 47.9% by 2033, with specific reductions of 63% for Scope 1 and 2 emissions and 37.5% for Scope 3 emissions from purchased goods and services, fuel- and energy-related activities, and upstream transportation and distribution. Overall, SSAB's climate strategy reflects a strong commitment to sustainability and significant reductions in carbon emissions, positioning the company as a leader in the iron and steel industry in Sweden and globally.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 9,578,000,000 | 0,000,000,000 | 0,000,000,000 | - | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,220,000,000 | 0,000,000,000 | 0,000,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 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.
Ssab 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.
