Severstal Sets Medium Term Target to Cut Greenhouse Gases by 2030.
Russian steel maker PJSC Severstal has updated its medium-term environmental program target, which is expected to be implemented until 2030. This program aims to reduce greenhouse gas emissions by 10% per tonne of steel in accordance with the methodology of the World Steel Association by December 31, 2030, compared to December 31, 2020. Severstal is systematically implementing measures to reduce greenhouse gas emissions. One of the stages of this work was the definition of a medium-term goal to reduce the intensity of CO2 emissions by 10% by 2030 from the level of 2020. Reduction of greenhouse gas emissions will, among other things, be achieved through the technical re-equipment of production facilities and the introduction of the best available technologies at all the company's assets: the construction of a boiler house with a boiler unit No. 11 and the installation of a gas utilization compressorless turbine (GBT) No. 16 (this will allow the company to increase its generation of electricity up to 95%), a system for recirculation of sinter gases from sinter machines No. 10-11, replacement of coke for hydrocarbon fuel and a number of other measures. This package of measures will reduce the intensity of CO2 emissions from 2.063 tonnes / tonne of steel in 2020 to 1.857 tonnes / tonne of steel in 2030.
Severstal has an ambitious goal of reducing its environmental impact and contributing to global efforts to achieve the goals of the Paris Agreement. A year ago, we became one of the first steel companies in Russia to approve a public goal of reducing greenhouse gas emissions at the board level. Today we confirm that we are not only fulfilling the already declared obligations, but also taking on new, more ambitious ones. The updated goals of our environmental program until 2030 are supported by specific measures of the investment program, ”said Alexander Shevelev, CEO of Severstal.
Achieving the target level will allow the company to enter the top 15 best steelmakers with the lowest greenhouse gas emissions in the world. Today, Severstal is in the first quartile and has one of the lowest carbon intensity in the industry, according to the World Steel Association.
Specific greenhouse gas emissions at Severstal are established in accordance with the methodology of the World Steel Association (Worldsteel) and ISO 14404 standards. The limits for calculating the intensity indicator include CO2 emissions from coverage areas 1-3. In accordance with Severstal's audit and review policy, the company's greenhouse gas emissions were subject to external audit as of December 31, 2020, the results of which were published in the Sustainability Report for the last year. Carbon intensity will be reviewed by external auditors on 31 December 2021 and beyond.
Earlier it was reported that in July 2020 the Board of Directors of Severstal approved a short-term goal to reduce greenhouse gas emissions. She assumed that by 2023 the company's enterprises will reduce the intensity of greenhouse gas emissions by 3% compared to the level of 2020. This will reduce the intensity of CO2 emissions per tonne of steel from 2.063 tonnes / tonne of steel to 2.001 tonnes / tonne of steel by 2023.
Severstal is currently implementing a plan to achieve its short-term goal of reducing greenhouse gases.