The international auditing company Deloitte verified the calculations of greenhouse gas emissions of Novolipetsk Iron and Steel Works (NLMK) for 2020 in accordance with the methodology applied in the EU.
NLMK's indicator for CO2 emissions per ton of pig iron was 1.39 t CO2 /t. For comparison, the indicator of 10% of the metallurgical enterprises of the European Union with the lowest level of emissions is 1.36 t СО2 /t. NLMK's indicator is significantly better than the average emission level of European producers - 1.50 t СО2 /t.
NLMK's greenhouse gas emissions were verified in accordance with the EU ETS methodology for the first time; in the future, NLMK plans to confirm the data annually.
NLMK's program to reduce greenhouse gas emissions for five years from 2016 to 2020. allowed to reduce CO2 emissions per ton of steel by 4%. By 2023, the company plans to further reduce this indicator by another 3%.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient steel producers in the world.
NLMK Group's steel products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe and the USA. The company's steel production capacity exceeds 18 million tonnes per year.
NLMK's common shares, which have a free-float of 20.7%, are traded on the Moscow Stock Exchange (ticker “NLMK”). shares - on the London Stock Exchange (ticker "NLMK: LI"). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble.
More information about NLMK's share capital can be found here.
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