Primary Climate Goal
US Steel's target annual Scope 1 + 2 emissions for 2050 should be equal to 0 Kt = 0% * 20,000 Kt, according to the company's stated climate goal.
In order to achieve this goal, US Steel would need to reduce its emissions at least by -667 Kt per annum over the period from 2021 to 2050:
-667 Kt = ( 0 Kt - 20,000 Kt ) / (2050 - 2020)
This translates into a -3.3% reduction in 2021.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
US Steel aims to achieve net zero for Scope 1 + 2 by 2050
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
US Steel reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 20,000 Kt (-5,550 /-21.7% y-o-y). At the same time, carbon intensity was up at 2,053 t (+78/+4% y-o-y).
No public disclosure of Scope 3 emissions has been found for US Steel at the moment.
The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -667 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.