- Policy and legal risks related to pollution and carbon emission reduction.
- Technological barriers and costs associated with low-carbon technologies.
- Market competition and customer demand for low-carbon products.
- Extreme weather events affecting operations and supply chains.
- Long-term climate changes impacting production.
- Reputational risks from failing to meet climate change expectations.
CITIC Pacific Special Steel Group Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, CITIC Pacific Special Steel Group Co., Ltd. disclosed greenhouse gas emissions of 38.7M tCO2e/year. By scope: Scope 1: 35.6M tCO2e/year; Scope 2: 3.1M tCO2e/year. 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
38.7M tCO2e/year
2023
Water Usage
4.1M m3/year
2023
Waste
11.1M tons/year
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). | 35.6M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.1M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Completed full-process ultra-low emission transformation in Xingcheng Special Steel, Qingdao Special Steel, and Tianjin Pipe.
- Reduced atmospheric particulate matter, sulfur dioxide, and nitrogen oxide emissions by 18.9%, 62.2%, and 58.3% respectively in Xingcheng Special Steel after ultra-low emission treatment.
- Achieved a 97% water reuse rate.
- Developed the world's first "Product Category Rule (PCR) for Special Steel Used in Automotive Components"
- Xingcheng Special Steel obtained the "EATNS Carbon Management System" certificate.
- Yangzhou Special Materials was included in the MIIT's "Green Factory" list.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Deployment of steel scrap recycling industry to improve resource utilization.
📅 Medium-term
- Reduce carbon emissions intensity by 20% compared to peak year by 2035.
🔭 Long-term
- Achieve carbon neutrality by 2060, reducing carbon emissions by around 80% compared to the peaking level.
🌱 ESG Focus Areas
Climate ChangeGreen ManufacturingDigital Intelligence TransformationTalent DevelopmentCorporate GovernanceSupply Chain ResponsibilitySocial Responsibility