Russian steelmaker NLMK Group, a global steel company, has been awarded a high rating of B- (on a scale of A to F) by Carbon Disclosure Project(CDP), a leading international organization that rates companies on their environmental sustainability.
NLMK Group received the highest possible score (A) for its plans to reduce greenhouse gas emissions. The company was also highly rated on Scope 1-3 emissions, climate risk management, and leadership engagement.
In 2020, the company disclosed its climate change risks and opportunities for the first time, provided an estimate of the indirect (Scope 3) emissions associated with its supply chain, and increased the granularity and extent of data disclosure relating to Scope 1-2 emissions.
“This high CDP rating is an important achievement for us. NLMK Group is continuously reducing its carbon footprint and is taking tangible steps to decarbonize."Nikita Vorobyev, NLMK Group director of environmental and climate affairs
Nikita Vorobyev, NLMK Group director of environmental and climate affairs, commented: “This high CDP rating is an important achievement for us. NLMK Group is continuously reducing its carbon footprint and is taking tangible steps to decarbonize. We are harnessing new ore beneficiation technologies, reducing fuel consumption in blast furnaces, and building a power plant at the Lipetsk site that will use by-product gases from metallurgical production. We are also considering building a new production facility based on direct reduction of iron, which is the most advanced industrial technology available today.”
NLMK's greenhouse gas emission reduction programme for 2016–2020 resulted in a 4% reduction in CO2 emissions per tonne of pig iron and steel. By 2023, the company plans to reduce this by a further 3%.