Severstal, one of the world's leading vertically integrated steel and mining companies, was the first Russian metallurgical company to calculate indirect non-energy emissions of greenhouse gas emissions in Scope 3.
Severstal is implementing a program on to systematically reduce the impact of the climate and to reduce energy consumption. Under this program, for issuers whose total contribution to Scopes 1 (direct) and 2 (indirect energy) emissions of greenhouse gases is more than 80%, Scope 3 emissions are estimated in accordance with the IPCC Guidelines for National Greenhouse Gas Inventories and the GHG Protocol guidelines. Indirect non-energy emissions of vapourized gases for the Cherepovets Metallurgical Plant, Belorucheysky Ore Administration, Sheet-Rolling Shop No. 3 (Kolpino) and Sheksna Pipe-Profile Plant in 2017 amounted to 7,670.8 thousand tons of CO2-eq., In 2018 - 7,400, 1 thousand. tonnes of CO2-eq., in 2019 - 6 387.5 thousand tonnes of CO2-eq.
“Previously, we evaluated Scope 1 and Scope 2. Direct greenhouse gas emissions in 2019 amounted to 26 469, 50 thousand tons of CO2-eq, and indirect energy emissions of greenhouse gases for 2019 - 1,639.73 thousand tons of CO2-eq. Due to the fact that investors, rating agencies and other interested parties are paying more and more attention to improving the reliability and accuracy of information, we considered it necessary to involve auditors to assure the methodology and accuracy of the estimation of greenhouse gas emissions, ”says Olga Kalashnikova, Head of the Environment Department at Severstal.
In 2020, an external assurance was carried out to quantify direct and indirect energy emissions of greenhouse gases for 2019. Severstal engaged an independent international auditing organization to assess the applied methodology for calculating greenhouse gas emissions for compliance with the 2006 IPCC Guidelines for direct greenhouse gas emissions and the GHG Protocol Scope 2 Guidace for indirect energy emissions. Certification was carried out in accordance with the international auditing standard MSZOU 3410.
