Magnitogorskiy Metallurgicheskiy Kombinat PAO

Common Name
Magnitogorskiy Metallurgicheskiy Kombinat
Country
Russia
Sector
Basic Materials
Industry
Steel
Employees
N/A
Ticker
MAGN
Exchange
MOSCOW EXCHANGE
Website
mmk.ru
Description
Magnitogorsk Iron & Steel Works is a leading steel production company based in Russia, renowned for its integrated steel manufacturing capabilities. The primary function of this asset is to supply a w...

Magnitogorskiy Metallurgicheskiy Kombinat's Climate Target Data Preview

As of 2023, Magnitogorskiy Metallurgicheskiy Kombinat has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Magnitogorskiy Metallurgicheskiy Kombinat ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target*
Scope 1 - Total, Scope 2 - Electricity
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel from Unspecified Activities
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a
2025
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Magnitogorskiy Metallurgicheskiy Kombinat’s Climate Targets Data

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a. Magnitogorskiy Metallurgicheskiy Kombinat's Integrated Report 2023
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Insights into Magnitogorskiy Metallurgicheskiy Kombinat's Greenhouse Gas Emissions Pathways

As of 2023, Magnitogorskiy Metallurgicheskiy Kombinat has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does Magnitogorskiy Metallurgicheskiy Kombinat have a target to reduce the emissions from its operations?

As of 2023, Magnitogorskiy Metallurgicheskiy Kombinat has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Magnitogorskiy Metallurgicheskiy Kombinat's most ambitious operational target is to reduce these emissions by 15.49% by 2025, compared to a baseline of 2.13 Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel from Unspecified Activities in 2019. a

As of 2023, Magnitogorskiy Metallurgicheskiy Kombinat is lagging behind on its operational emissions reduction target, having achieved 27.31% of the planned reduction. a

Magnitogorskiy Metallurgicheskiy Kombinat's Operational (Scope 1+2) Emissions Pathway

20192023202500.551.11.652.2Current (-4%)Target 2025 (-15%)
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