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NLMK, or Novolipetsk Steel, is a leading player in the basic iron and steel industry, headquartered in Lipetsk, Russia. Founded in 1931, the company has established itself as a significant producer of steel and ferro-alloys, with operations extending across Europe, North America, and Asia. NLMK's core offerings include high-quality flat and long steel products, which are distinguished by their advanced production technologies and commitment to sustainability.
With a strong market position, NLMK ranks among the top steel producers globally, recognised for its innovative approaches and efficient production processes. The company has achieved numerous milestones, including significant investments in modernising its facilities and expanding its product range, ensuring it meets the evolving demands of various industries. NLMK continues to set benchmarks in quality and performance within the steel sector.
-3 vs industry average
Nlmk’s score of 15 is lower than 39% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Iron and Steel Production is among the most carbon-intensive industries
The Iron and Steel Production industry has reduced its overall emissions by 27% since 2018
Scope 3 accounts for ••• of total emissions.
NLMK, a Russian-headquartered company in the basic iron and steel industry, reported its most recent emissions data for 2019. In that year, the company's Scope 1 emissions were 28,400 kg CO2e, and its Scope 2 emissions were 3,600 kg CO2e. There is no publicly available data for Scope 3 emissions for 2019. In the preceding year, 2018, NLMK's Scope 1 emissions were 30,200 kg CO2e and Scope 2 emissions were 4,000 kg CO2e.
NLMK's climate commitments and emissions data are cascaded from its ultimate parent, Public Joint Stock Company "Novolipetsk Steel". While specific reduction targets for NLMK are not explicitly available, the company's steel production had specific CO2 emissions of 2,040 kg CO2e per tonne of steel in 2019.
For an earlier reporting year, 2008, NLMK disclosed more comprehensive emissions data: Scope 1 emissions of 310,800,000 kg CO2e, Scope 2 emissions of 280,500,000 kg CO2e, and Scope 3 emissions of 26,500,000 kg CO2e. The total calculated emissions for 2008 were approximately 617.8 million kg CO2e.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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