- Poor demand, overproduction, and weak steel prices in the global steel industry due to geopolitical risks and high inflation
- Disrupted domestic market order due to low-price dumping of small steel billets from China and Russia
- One-month work suspension in July 2023 for energy-saving and carbon-reduction equipment updates, resulting in a decline in profits
Wei Chih Steel Industrial Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Wei Chih Steel Industrial Co., Ltd. disclosed greenhouse gas emissions of 248.9K tonCO2e. By scope: Scope 1: 86.7K tonCO2e; Scope 2: 162.2K tonCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
248.9K tonCO2e
2023
Water Usage
555.23 million liters
2023
Waste
156.3K tons
2023
Energy Use
1.7M GJ
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 86.7K tonCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 162.2K tonCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 248.9K tonCO2e |
| 2021 | 311.2K KgCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced alloy content of each ton of 420W steel blank by 0.24 kg
- Unit power consumption of steel rolling 5.8 KWH/T lower than in 2022
- Heating furnace oil for steel-rolled products changed to natural gas
- Overall goal to reduce carbon emissions by 40.81%
- Recycled water consumption of 7,257.83 million liters, water recycling rate of 92.79%
- Water quality compliant with effluent discharge standards
- No major leakage incidents
- Average production of 600,000 tons saved 3,746.5 (tCO2e)
- GHG emissions from crude steel rolling reduced to 18,362 tonCO2e (31,159 tonCO2e in 2022)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions intensity per unit of product by 8% by 2025
- Replace fuel oil with natural gas to reduce NOx and SOx emissions
📅 Medium-term
- Reduce GHG emissions intensity per unit of product by 22% by 2030
- Achieve renewable planning for heavy electricity users
🔭 Long-term
- Achieve carbon neutrality by 2050
🌱 ESG Focus Areas
EnvironmentalSocialGovernance