NLMK Group awarded high climate rating
NLMK Group, a global steel company, was awarded a high rating of B- (on a scale of A to F) by Carbon Disclosure Project (CDP), a leading international organization that rates companies on their environmental sustainability.
NLMK Group received the highest possible score (A) for its plans to reduce greenhouse gas emissions. The company was also highly rated on Scope 1-3 emissions, climate risk management, and leadership engagement.
In 2020, the company disclosed its climate change risks and opportunities for the first time, provided an estimate of the indirect (Scope 3) emissions associated with its supply chain, and increased the granularity and extent of data disclosure relating to Scope 1-2 emissions.
Nikita Vorobyev, NLMK Group Director of Environmental and Climate Affairs, commented:
NLMK’s greenhouse gas emission reduction programme for 2016–2020 resulted in a 4% reduction in CO2 emissions per tonne of pig iron and steel. By 2023, the company plans to reduce this by a further 3%.
You can find more information on NLMK Group’s climate policy here.
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.
For NLMK Group’s photos and corporate videos, please visit our media library.21021
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