Turkish steel producer Kocaer Celik has received approval from the Science Based Targets initiative (SBTi) for both its near-term (2030) and long-term (2050) emission reduction goals, becoming the only Turkish steel company with validated targets.
SBTi is a collaboration of organizations that helps companies and financial institutions set greenhouse gas (GHG) emissions reduction targets aligned with climate science to limit global warming to 1.5 Celsius
By 2030, the company aims to cut absolute Scope 1 and 2 emissions by 42pct and reduce Scope 3 emissions intensity by 51.6pct from 2022 levels. Looking ahead to 2050, it targets a 90pct reduction in Scope 1 and 2 emissions and a 97pct cut in Scope 3 intensity.
Kocaer operates three steel profile factories with a combined annual capacity of 800,000 tons, a 100,000-ton galvanizing plant, and a 180,000-ton service center in Turkey.
