Nlmk
NLMK, or Novolipetsk Steel, is a leading steel producer headquartered in Lipetsk, Russia. Founded in 1931, the company has established a significant presence in the global steel industry, with major operations across Europe, North America, and Asia. NLMK is renowned for its high-quality flat and long steel products, catering to various sectors including construction, automotive, and energy. With a commitment to innovation and sustainability, NLMK has achieved notable milestones, such as implementing advanced production technologies and reducing its environmental footprint. The company consistently ranks among the top steel producers worldwide, recognised for its operational efficiency and product excellence. NLMK's unique offerings, including premium steel grades and tailored solutions, position it as a key player in the competitive steel market.
DitchCarbon Score
How does Nlmk'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 Iron and Steel Production 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
Nlmk's score of 6 is lower than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nlmk's reported carbon emissions
In 2023, NLMK reported specific CO2 emissions of approximately 2,140 kg CO2e per tonne of steel produced, reflecting their ongoing commitment to reducing carbon emissions in the steel industry. This data is cascaded from their parent company, Public Joint Stock Company "Novolipetsk Steel," which has been instrumental in shaping NLMK's environmental strategies. Historically, NLMK's specific CO2 emissions have shown fluctuations, with values of about 1,920 kg CO2e per tonne in 2020 and 1,970 kg CO2e per tonne in 2019. These figures indicate a slight increase in emissions intensity over the years, highlighting the challenges faced in achieving significant reductions. Despite the absence of formal reduction targets or commitments under the Science Based Targets initiative (SBTi), NLMK is part of a broader industry context that increasingly prioritises sustainability and carbon neutrality. The company has not disclosed specific initiatives or pledges aimed at reducing emissions, which may limit its ability to align with global climate goals. Overall, while NLMK's emissions data reflects a commitment to monitoring and reporting, the lack of explicit reduction targets suggests an opportunity for the company to enhance its climate strategy and contribute more effectively to the global effort against climate change.
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| 2008 | |
|---|---|
| Scope 1 | 310,800,000 |
| Scope 2 | 280,500,000 |
| Scope 3 | 26,500,000 |
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.
Nlmk is not participating in any of the initiatives that 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.
