November 12, 2021

Severstal, Schneider Electric and Air Liquide sign Climate Memorandum "Together towards a low-carbon future"

PAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, has developed a Climate Memorandum "Together towards a low-carbon Future" in support of global efforts to prevent further climate change.

Schneider Electric and Air Liquide are the first partners to join the initiative to join forces on ensuring a sustainable low-carbon future.

Severstal created the Climate Memorandum to commit members of its supply chain to measures that will support a reduction in their carbon footprint, as part of its focus on collaboration for decarbonisation. Severstal is one of the first steel producers in Russia to calculate its scope 3 GHG emissions and is working closely with businesses that contribute to emissions ‘hot spots’ in the Company’s supply chain to help them reduce their carbon footprint.

Alexander Shevelev, CEO of Severstal, commented:

“Severstal pays close attention to the issue of climate change. We take great efforts to minimize the carbon footprint of our own operations and also collaborate with our partners on joint decarbonisation initiatives.

Agreements between manufacturers and suppliers of goods and services that declare a common commitment to decarbonisation are becoming common practice in the global business community. I am delighted that Severstal’s initiative has already been supported by two international companies - Schneider Electric and Air Liquide. I am convinced that only environmentally responsible companies and organizations that truly share our concern about climate change will be able to demonstrate in practice the principles set out in the Memorandum."

The Memorandum contains five guidelines as well as recommendations for their implementation. Those who support the Memorandum commit to:

·        implementing the climate agenda in the practice of corporate governance;

·        assessing greenhouse gas emissions and setting targets for their reduction;

·        managing climate risks and adapting to climate change;

·        supporting the development and implementation of low-carbon technologies; and,

·        building climate-responsible interaction with stakeholders.

Johan Vanderplaetse, president in Russia and CIS of Schneider Electric, said:

"Schneider Electric has consistently advocated the adoption of global measures to combat climate change. We are pleased that more and more companies are realizing the need to transition to a low–carbon economy and are taking concrete actions to support an accelerated transition to a zero carbon footprint.

The fight against climate change is becoming the central issue of our time, and we understand that business must play a key role in this fight. Only by joining forces can we accelerate the transition to a cleaner and greener future and avoid the worst scenarios of global warming."

Marilene Turcottte, General Manager, Air Liquide Russia, added:

"We are happy to be part of the Climate Memorandum and to explore with our long-term partner Severstal ways to decarbonize the steelmaking industry. As an industrial company, Air Liquide is committed not only to reaching carbon neutrality by 2050, but also to providing its customers with a wide range of solutions and expertise to decarbonize their own activities".

 

The full version of the document: https://www.severstal.com/contant-static/file/75897/Memorandum_EN_vers1.pdf