Novolipetsk Steel PAO

Common Name
Novolipetsk Steel
Country
Russia
Sector
Basic Materials
Industry
Steel
Employees
N/A
Ticker
NLMK
Exchange
MOSCOW EXCHANGE
Website
nlmk.com
Description
Novolipetsk Steel PJSC is one of the leading steel-producing companies in Russia and a significant player in the global steel industry. Primarily engaged in the manufacturing of steel products, Novoli...

Novolipetsk Steel's Climate Target Data Preview

As of 2023, Novolipetsk Steel has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 intensity-based targets, 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 Novolipetsk Steel ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Other Product (Unlisted) from Unspecified Activities
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a
2030
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel from Unspecified Activities
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a, b
2050
*. 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 Novolipetsk Steel’s Climate Targets Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Novolipetsk Steel’s data sources below and access millions more through our Disclosure Search.

a. Novolipetsk Steel's Annual Report 2023
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b. Novolipetsk Steel's Annual Report 2021
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Insights into Novolipetsk Steel's Greenhouse Gas Emissions Pathways

As of 2023, Novolipetsk Steel 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 b

Does Novolipetsk Steel have a target to reduce the emissions from its operations?

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

Novolipetsk Steel's most ambitious operational target is to reduce these emissions by 40% by 2050, compared to a baseline of 1.89 Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel from Unspecified Activities in 2021. a b

a b

Novolipetsk Steel's Operational (Scope 1+2) Emissions Pathway

2021205000.511.52BaselineTarget 2050 (-40%)
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