British Standards Institute Certifies Gas Emissions Metalloinvest

Russian miner & steel maker Metalloinvest has confirmed compliance with the international standard ISO 14064-1: 2018 data on the volumes of greenhouse gas emissions at all four production sites Lebedinsky GOK, Mikhailovsky GOK, OEMK and Ural Steel. The Company's 2019 and 2020 greenhouse gas emissions report has been verified by the British Standards Institution. Beginning in 2020, BSI is accredited by UKAS, the UK's national accreditation body, to provide verification services for greenhouse gas emissions reporting. Certification is voluntary. In 2020, a complete inventory of greenhouse gases was made, including direct emissions from the Company's sources (Scope 1), indirect emissions from the production of energy purchased from third-party organizations (Scope 2), indirect non-energy emissions obtained from the purchase of raw materials and materials, and the sale of products (Scope 3) as well as the carbon footprint of products. For the first time, the Company's verified indicators on greenhouse gas emissions were published in the Unified Report for 2020. The reduction in total greenhouse gas emissions in 2020 compared to 2019 was 2.5 million tonnes of CO2-equivalent. According to the adopted Climate Strategy, Metalloinvest is striving to achieve carbon neutrality in its territory and maximize the reduction of greenhouse gas emissions from its consumers by 2050. ISO 14064-1, one of the 14000 series of environmental management systems standards, offers businesses a unified approach to quantifying, monitoring and reporting greenhouse gas emissions.