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Target to cut greenhouse gas (CO2)
By 2023, to reduce greenhouse gas emissions intensity by 3% compared with 2020*
"Severstal recognises the urgency for the steel industry to reduce its direct and indirect emissions and contribute towards the goals of the Paris Climate Agreement and is wholly committed to showing leadership in reducing its own climate contribution. For this reason, we continue to challenge ourselves to achieve more in this area.
It is important to note that
Alexander Shevelev, CEO of Severstal
GHG emissions reduction is among the KPIs of some executives, including Head of Severstal Russian Steel business unit. Meeting the KPIs impacts a variable part of remuneration.
* Considering the in-plan realisation of our investment programme, including the scheduled shutdown for planned maintenance of Blast Furnance #5