Commitment to sustainable development principles
Steel will continue to be in demand in society well into the future. Steel as a material grants the advantage of its endless life cycle maintained through efficient collection and recycling. Steel is the backbone of the circular economy.
The main challenge for both us and our industry partners is climate change problems. Severstal is aware of its responsibility to the society and is exercising it via a home-developed program aimed at reducing greenhouse gas emissions.
In 2020, the company set a goal to reduce greenhouse gas emissions by 3 % by 2023, compared to the base year 2020. The reduction in all greenhouse gas emissions will amount to approximately 1 million tons of CO2. In 2020, the company’s environmental expenditures amounted to 5.6 B RUB. Moreover, for the first time, the World Steel Association recognized Severstal as a leader in sustainable development. Making use of the company’s products, Severstal’s clients participate in reducing their carbon footprint.