Russian steel maker Severstal announced two new partners that have 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. On November 29 this year, at the Finnish Embassy in Moscow, representatives of Severstal signed agreements with SPECTA and Sveza as part of the Finnish-Russian business meeting of ESG directors. Schneider Electric and Air Liquide have previously joined the Memorandum .Climate change is currently being observed at an unprecedented pace and magnitude in human history. Its negative consequences are obvious for sustainable economic development, well-being of society, conservation of nature and biodiversity. Severstal is one of the first steel producers in the Russian Federation to calculate greenhouse gas emissions using Scope 3. The company also works closely with companies that are contributing to reducing emissions in the Severstal supply chain to help them reduce their carbon footprint.The memorandum contains five guiding principles and recommendations for their implementation:Incorporate a climate agenda into corporate governance practices;Estimate greenhouse gas emissions and set targets for their reduction;Manage climate risks and adapt to climate change;Support the development and deployment of low-carbon technologies;Build Climate Responsible Stakeholder Engagement.