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.
-8 vs industry average
MMK’s score of 26 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services is among the least carbon-intensive industries
Industry performance
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
MMK's reported carbon emissions
In 2023, MMK reported total carbon emissions of approximately 48.4 billion kg CO2e. This figure includes Scope 1 emissions of about 25.8 billion kg CO2e, Scope 2 emissions of approximately 29.3 billion kg CO2e, and Scope 3 emissions of around 25.1 billion kg CO2e. The total emissions reflect a slight increase from 2022, when MMK's emissions were approximately 43.9 billion kg CO2e.
MMK has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company does not appear to have cascaded any emissions reduction targets from parent or related organizations, indicating that its climate strategy is developed independently.
The emissions data is sourced directly from Public Joint Stock Company Magnitogorsk Iron & Steel Works, with no additional cascading from other corporate entities. MMK's commitment to addressing climate change remains a critical focus, although specific strategies and targets have yet to be articulated.
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MMK’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for MMK yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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MMK
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