PAO Severstal is a vertically integrated steel and steel-related mining company with its major assets in Russia.
Severstal is committed to the sustainable development of the Russian economy and Russia's climate change policy, Severstal has set a goal of reducing GHG intensity per tonne of steel by 3% by 2023 compared with the 2020 base year. The total reduction will be about one million tonnes CO2-e.
Welcoming the strategic goal of Russia's state climate policy taken as a whole and carbon regulation in particular, we believe that state support measures for research in low-carbon technologies for the steel industry and promotion of climate related projects should become an important component of climate policy, including establishment of a regulatory environment (changes in tax legislation, establishing a national framework of climate projects) and infrastructure (development of hydrogen energy, availability of "long" investments, funding innovation, facilitating the development of steel scrap market, etc.).