13:48, 15 December 2021

Severstal Becomes First Russian Company to Join Responsible Steel

PAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, a Metal-Expo regular exhibitor, has become the first company in Russia to join ResponsibleSteel, the first global multi-stakeholder standard and certification initiative with a mission to maximise steel’s contributions to a sustainable society.

As a member of ResponsibleSteel, Severstal will collaborate with organisations from across the steel supply chain, exchanging experience and contributing to the development of new standards aimed at improving the sustainability of the global steel sector.

ResponsibleSteel members comprise over 100 global business and civil society organisations representing the whole steel supply chain from mining through steel production to buyers of steel from the automotive and construction sectors, as well as civil society organisations focused on human rights, biodiversity, climate change and other key issues.

Today, greenhouse gas emissions from the steel sector alone account for around 7% of global annual emissions, and this is projected to rise in line with increasing demand. There is less than 10 years to halve global carbon emissions to get the world on track to reach net zero by mid-century and decarbonising steelmaking needs to be a critical part of that journey.

Russia is the 5th largest steel producer in the world, responsible for 7.5% of global steel production.

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