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Severstal has plot a medium-term aim to decrease greenhouse gases emissions by 2030

WEBWIRE

PAO Severstal, one of many realm’s main vertically built-in steel and mining companies, has plot a medium-term aim to decrease the carbon depth of its CO2 emissions per tonne of steel, calculated in accordance to the methodology established by the World Steel Affiliation (Worldsteel) by 10% by 31 December 2030, when put next with the 2020 infamous 12 months.

Defining a medium-term aim is section of Severstal’s longer-term formulation to decrease greenhouse gas emissions. Severstal is systematically introducing measures to decrease its greenhouse gas emissions.

The medium-term aim can be performed by strategy of initiatives including the technical re-instruments of producing facilities and the introduction of the suitable on hand technologies on the final Company’s assets. These comprise: the event of a boiler apartment inner boiler unit No. 11; the installation of a gas restoration compressor-free turbine (GUPT) No. 16 (these initiatives amongst different energy efficiency and electrical energy era measures will permit for 95% of the electrical energy consumed by Severstal to be generated by itself); a machine for the recirculation of sinter gases from sinter machines No. 10-11; the replacement of coke with a hydrocarbon gasoline; and a series of more than a couple of measures.

The mixed measures will decrease the depth of Severstal’s CO2 emissions from 2.063 tonnes of CO2 per tonne of steel within the 12 months ending 2020 to 1.857 tonnes of CO2 per tonne of steel in 2030.

Alexander Shevelev, CEO of Severstal, commented:

“Severstal has plot itself an dauntless aim to decrease its environmental influence and contribute to global efforts to give up the targets of the Paris Agreement. A 12 months ago, Severstal’s Board of Directors turned into once one of many first steel companies in Russia to approve a public aim to decrease greenhouse gas emissions on 3 per cent by 2023. At the present time, we ascertain that we don’t appear to be handiest meeting the short aim we maintain now already dedicated to, nonetheless additionally atmosphere new, extra dauntless ones. Our new 2030 aim is underpinned by insist initiatives plot out in our funding programme”.

Delivering on the aim will permit Severstal to vary into one of many realm’s high 15 steel producers in terms of having the lowest depth of greenhouse gas emissions. At the present time, Severstal is within the first quartile and has one of many lowest carbon depth indicators within the industry in accordance to the World Steel Affiliation.

Severstal’s insist greenhouse gas emissions are measured in accordance to the methodology of the World Steel Affiliation (Worldsteel) and ISO 14404 standards. Relevant CO2 emissions are incorporated within the calculation of the steel manufacturing depth indicator (scopes 1-3). In accordance to Severstal’s Audit and Assurance Policy, Severstal’s greenhouse gas emissions were subject to exterior assurance on 31 December 2020, which turned into once published in our Sustainability Fable and carbon depth can be subject to exterior assurance at 31 December 2021 and each 12 months thereafter.

In July 2020, the Board of Directors of Severstal accredited a short aim to decrease the depth of greenhouse gas emissions by 3% by the 12 months 2023, when put next with the stage of 2020. This is in a position to maybe maybe also merely decrease the depth of CO2 emissions per tonne of steel from 2,063 tonnes per tonne of steel to 2,001 tonnes per tonne of steel by 2023.

Severstal is heading within the suitable course to meet this short aim.

Notes to editors:

In 2020, Severstal’s funding in environmental activities, including contemporary costs and investments, increased by 48.6% when put next with the earlier 12 months, to 5.6 billion roubles. Environmental investments amounted to 2.419 billion roubles, including 2.261 billion roubles at its flagship steel mill in Cherepovets. The a part of expenditures on measures for the protection of atmospheric air as section of entire environmental funding increased deal (+134.6%).

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