Independent auditor verifies NLMK’s GHG report
International audit firm Deloitte has verified NLMK Lipetsk’s 2020 greenhouse gas emissions data in line with the methodology used in the EU.
NLMK’s CO2 emissions per tonne of pig iron totaled 1.39 t of CO2/t. By way of comparison, 10% of steelmaking companies with the lowest emissions in the EU emit 1.36 t of CO2/t. NLMK’s performance is significantly better than the European steelmakers’ average emissions of 1.50 t of СО2/t.
This was the first time that NLMK’s greenhouse gas emission volume was verified in line with the EU ETS methodology. In future, NLMK plans to confirm the data annually.
In 2016–2020, NLMK’s programme aimed at reducing greenhouse gas emissions enabled a 4% decrease in CO2 emissions per tonne of steel. By 2023, the Company plans to reduce its emissions by an additional 3%.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has a highly competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and Expert RA.
NLMK’s ordinary shares with a 20.7% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.
For more details on NLMK Group, please visit our website.
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