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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.
-6 vs industry average
Nlmk’s score of 11 is lower than 35% 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's latest disclosed Scope 1 emissions for 2023 were approximately 29.97 billion kg CO2e. Their Scope 2 emissions (location-based) for the same year were about 1.79 billion kg CO2e, while Scope 2 (market-based) emissions stood at approximately 384 million kg CO2e. The company has not disclosed Scope 3 emissions data for 2023. This emissions data is cascaded from Public Joint Stock Company "Novolipetsk Steel".
For 2022, NLMK's Scope 1 emissions were around 28.82 billion kg CO2e. Scope 2 emissions (location-based) for 2022 were approximately 1.86 billion kg CO2e, and Scope 2 (market-based) emissions were about 743 million kg CO2e.
Looking further back, in 2021, NLMK reported Scope 1 emissions of roughly 29.93 billion kg CO2e. Their Scope 2 emissions (location-based) were approximately 2.05 billion kg CO2e, and Scope 2 (market-based) emissions were about 1.36 billion kg CO2e.
NLMK's climate commitments include a target to reduce Scope 1 emissions to near zero by 2025. Additionally, they aim to reduce Scope 2 emissions to near zero by 2025. These targets were documented in the worldsteel.org Sustainability Indicators report 2024.
No climate goals have been disclosed for Nlmk yet.
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