Public Joint Stock Company Severstal
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 19 is higher than 57% 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
Public Joint Stock Company Severstal, headquartered in Russia, reported specific greenhouse gas emissions data for the year 2019. The company disclosed emissions of approximately 2,080 kg CO2e per tonne from its Cherepovets Steel Mill, which falls under Scope 1 and 2 emissions categories. Severstal has set ambitious long-term climate commitments, aiming for net-zero emissions by 2050. This goal is contingent upon a significant transition from fossil fuels to hydrogen within the steelmaking industry, with the initiative starting in 2023. The company has outlined similar commitments for both Scope 1 and Scope 2 emissions, reflecting a comprehensive approach to reducing its carbon footprint. While no specific reduction percentages have been disclosed, Severstal's strategy aligns with global targets for the steel sector, indicating a proactive stance towards climate change mitigation. The company's emissions data and climate commitments are not cascaded from any parent organization, ensuring that their targets and reporting are independently established.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Public Joint Stock Company Severstal is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
