MMK
MMK, or Magnitogorsk Iron and Steel Works, is a leading player in the global steel industry, headquartered in Magnitogorsk, Russia. Founded in 1932, MMK has established itself as one of the largest steel producers in the world, with significant operations across Europe and Asia. The company is renowned for its high-quality flat and long steel products, which cater to various sectors, including construction, automotive, and machinery. With a commitment to innovation and sustainability, MMK has achieved numerous milestones, including advancements in production technology and environmental initiatives. The company’s strategic focus on quality and efficiency has solidified its market position, making it a preferred supplier for many international clients. MMK continues to lead the way in the steel industry, driven by its dedication to excellence and customer satisfaction.
DitchCarbon Score
How does MMK's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
MMK's score of 10 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
MMK's reported carbon emissions
In 2023, MMK reported total carbon emissions of approximately 45,950,000,000 kg CO2e, with emissions distributed across various scopes: Scope 1 emissions were about 2,277,815,000 kg CO2e, Scope 2 emissions totalled approximately 1,005,310,000 kg CO2e, and Scope 3 emissions reached around 1,320,000,000 kg CO2e. The company's specific GHG emissions for Scope 1 and 2 were reported at about 2,190 kg CO2e per tonne of steel produced. In 2022, MMK's total emissions were approximately 43,980,000,000 kg CO2e, with Scope 1 emissions at about 742,546,000 kg CO2e, Scope 2 at approximately 606,891,000 kg CO2e, and Scope 3 emissions around 1,230,000,000 kg CO2e. The specific GHG emissions for that year were about 1,950 kg CO2e per tonne of steel. Despite these figures, MMK has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction commitments suggests a need for further transparency regarding their climate strategies and long-term sustainability goals.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,180 | 00,000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 2,180 | 00,000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 3 | 2,180 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
MMK is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
