- Weaker market environment, especially in Europe.
- High energy costs.
- Elevated inventory levels.
- Geopolitical tensions and trade policies.
- Supply chain disruptions.
- Climate risks (physical and transition).
Outokumpu Oyj
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Outokumpu Oyj disclosed greenhouse gas emissions of 3.5M tCO2e/year (2023). By scope: Scope 1: 1.0M tCO2e/year (2023); Scope 2: 141.6K tCO2e/year (market-based) 457228 tCO2e/year (location-based) (2023); Scope 3: 2.3M tCO2e/year (2023). 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
3.5M tCO2e/year (2023)
2023
Renewable Energy
95% (electricity)
of total energy
Water Usage
46.5 million m3/year (2023)
2023
Waste
249.0K tons/year (2023)
2023
Energy Use
6.5K GWh/year (2023)
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). | 1.0M tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 141.6K tCO2e/year (market-based) 457228 tCO2e/year (location-based) (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.3M tCO2e/year (2023) |
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 | 3.5M tCO2e/year (2023) |
| 2022 | 1.70 tCO2/t steel (2022) |
| 2015 | 1.2M tCO2e/year (Scope 1) + 1126128 tCO2e/year (Scope 2) + 211244 tCO2e/year (transport) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced emission intensity by 27% since 2016 baseline.
- Achieved 95% recycled material content.
- Kemi mine achieved one-third of its carbon-neutral target by 2025.
- Supported customers in reducing their emissions by 12 million tonnes.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Kemi mine to become carbon neutral by 2025.
- Improve energy efficiency by 8% by the end of 2024.
📅 Medium-term
- Reduce Scope 1-3 emission intensity by 42% by 2030 from 2016 baseline.
- Increase diverse leaders by 100 by the end of 2025.
🔭 Long-term
- Achieve carbon neutrality by 2050 in scope 1 and scope 2 emissions.
🌱 ESG Focus Areas
Climate changeCircularitySustainable supply chainPeople and society