Russian steel maker Severstal announced that Credit Agricole CIB has joined the company's Climate Memorandum, Together for a Low Carbon Future. The memorandum is intended to support global efforts to prevent further climate change. The signing took place on January 21 in Moscow as part of the first meeting of the Coordinating Committee of the Climate Memorandum, which was attended by Credit Agricole CIB, Schneider Electric, Air Liquide, SPECTA and Sveza, as well as a number of companies interested in signing the agreement. The meeting was held online due to the unfavorable epidemiological situation in Moscow.The Memorandum contains five guiding principles and recommendations for their implementation:1. Introduce the climate agenda into corporate governance practices2. Assess greenhouse gas emissions and set targets for their reduction3. Manage climate risks and adapt to climate change4. Support the development and implementation of low-carbon technologies5. Build climate-responsible engagement with stakeholdersSeverstal is one of the first Russian steel producers to calculate greenhouse gas emissions using Scope 3. The company also works closely with companies that contribute to reducing emissions in Severstal's supply chain to help them reduce their carbon footprint. Severstal pays great attention to climate change, and not only makes efforts to minimize its carbon footprint, but also tries to involve new partners in joint initiatives in this area.