The impact of
is increasing but there is still
Working together we can complete and implement the Paris Agreement in order to tackle global warming and safeguard the environment for future generations
Research indicates that risks of irreversible changes increase with global warming exceeding a 2°C rise above pre-industrial levels
Our contribution
reducing emissions across the value chain and innovating for the future
million USD
Green project investment planned under Strategy 2022
We reduce direct emissions and invest into new low carbon technologies
Of our products are made from recycled steel
We invest in new green production chains – 2.5 mln tons of low carbon iron by 2027
Avoided CO2 emissions due to our advanced steel products
million tonnes a year
We report our emissions and set ambitious reduction targets: targeted carbon intensity level for 2023 is 1.84 t CO2 per t iron and steel
Carbon intensity of the production
direct and inderect emissions
T CO2/T of steel and pig iron, NLMK Group (Scope 1 and Scope 2)
target 2023
Transition to low carbon future requires fair regulation
Treating companies
The energy transition
based on their real carbon intensity
cannot afford cherry picking among low carbon supplies
CCS and CCU projects
as a means to go the extra mile towards decarbonisation
Treating companies based on their real carbon intensity
The key driver of decarbonisation is not the carbon price but rather market competition and growing demand for green products
Only individual company treatment can ensure global climate benefits
If the flat carbon price is applied at the border, the ‘cheap and dirty’ products that can absorb the tariff will win
The best in class shall be rewarded with a lower carbon price to stimulate further investment in decarbonisation
The energy transition cannot afford cherry picking among low carbon supplies
We need a reliable supply of electricity required for low carbon production
Many countries have already committed to increasing the share of low-carbon while not always renewable energy generation to meet the Paris Agreement targets
Discrimination between low-carbon sources can delay the energy transition — wind, solar and hydro energy generation lacks stability
At company level, the use of low-carbon power in the energy mix shall be accounted for by using PPA and green certificates when calculating the total carbon footprint
Carbon capture, utilization and sequestration projects
We need a variety of measures to limit GHG emission, from direct reduction of production footprint to carbon capture, utilization and sequestration projects
Forests are an essential ally in our fight against climate change: environmental and forestry projects can provide up to one-third of the cost-effective climate change mitigation needed between now and 2030 to stabilize warming to below 2 °C
Carbon removals resulting from capture, utilization and sequestration projects shall be certified with carbon permits available for businesses interested in offsetting a part of the remaining carbon footprint
Such projects can help to balance the carbon footprints that cannot be reduced otherwise
as a means to go the extra mile towards decarbonisation
About NLMK Group
countries of sales
leading steel producer in Russia
countries of presence
Signatory to the UN Global Compact, Worldsteel Step Up program and WEF Mission Possible Platform
Contributor to circular economy
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