Public Joint Stock Company Severstal Sustainability Profile
Public Joint Stock Company Severstal, commonly referred to as Severstal, is a leading steel and mining company headquartered in Cherepovets, Russia. Founded in 1955, Severstal has established itself as a key player in the global steel industry, with significant operations across Russia and various international markets. The company primarily focuses on the production of flat and long steel products, as well as iron ore and coal mining. Severstal's commitment to innovation and sustainability sets it apart, as it continually invests in advanced technologies to enhance efficiency and reduce environmental impact. With a strong market position, Severstal has achieved notable milestones, including recognition for its high-quality steel products and operational excellence. As a major contributor to the Russian economy, Severstal remains dedicated to delivering value to its stakeholders while maintaining a focus on sustainable practices.
DitchCarbon Score
How does Public Joint Stock Company Severstal'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
Public Joint Stock Company Severstal's score of 22 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Public Joint Stock Company Severstal's reported carbon emissions
In 2019, Public Joint Stock Company Severstal reported total carbon emissions of approximately 2,495,000 kg CO2e. This figure includes Scope 1 emissions of about 495,000 kg CO2e, Scope 2 emissions of around 1,000,000 kg CO2e, and Scope 3 emissions also estimated at about 1,000,000 kg CO2e. The combined Scope 1 and 2 emissions totalled approximately 1,495,000 kg CO2e. Severstal has set long-term climate commitments aimed at achieving net-zero emissions by 2050. These commitments focus on transitioning from fossil fuels to hydrogen in the steelmaking process, which is crucial for reducing emissions in both Scope 1 and Scope 2 categories. The initiatives are part of a broader industry effort to meet global climate targets. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported by Severstal. The commitment to reducing emissions aligns with industry standards and reflects a proactive approach to climate change mitigation.
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| 2019 | |
|---|---|
| Scope 1 | 495,000 |
| Scope 2 | 1,000,000 |
| Scope 3 | 1,000,000 |
How Carbon Intensive is Public Joint Stock Company Severstal's Industry?
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Public Joint Stock Company Severstal's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Public Joint Stock Company Severstal has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
