In 2024, Novolipetsk Steel completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Novolipetsk Steel has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of Novolipetsk Steel amounted to 31,471,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Novolipetsk Steel decreased by 0.89%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
In 2024, the total Scope 1 emissions of Novolipetsk Steel were 29,578,000 metric tons of CO₂ equivalent (tCO₂e). a
Since 2018, Novolipetsk Steel's Scope 1 emissions have decreased by 3.88%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), Novolipetsk Steel's Scope 1 emissions decreased by 1.3%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
In 2024, Novolipetsk Steel reported Scope 2 greenhouse gas (GHG) emissions of 389,000 tCO₂e using the market-based method and 1,893,000 tCO₂e using the location-based method. a
Since 2018, Novolipetsk Steel's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 12.16%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), Novolipetsk Steel's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Novolipetsk Steel 's emissions have plateaued with no significant change in its energy consumption footprint. a
In 2024, Novolipetsk Steel reported its Scope 2 emissions using the market-based method and using the location-based method. a
In 2024, Novolipetsk Steel reported 8,000,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Novolipetsk Steel includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
In 2024, Novolipetsk Steel reported total Scope 3 emissions of 8,000,000 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2018, Novolipetsk Steel's Scope 3 emissions have increased by 12.68%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), Novolipetsk Steel's Scope 3 emissions remained relatively stable, indicating that Novolipetsk Steel 's emissions have plateaued with no significant change in its value chain footprint. a
In 2024, Novolipetsk Steel reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Novolipetsk Steel's Scope 3 emissions were: a
In 2021, Novolipetsk Steel reported Scope 1 greenhouse gas (GHG) emissions of 29,932,000 tCO₂e and total revenues of USD 1.31 million millions. This translates into an emissions intensity of 22.83 tCO₂e per millions USD. a
In 2021, Novolipetsk Steel reported a Scope 1 emissions intensity of 22.83 tCO₂e per millions USD. Compared to the peer group median of 672.99 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
In 2021, Novolipetsk Steel ranked 2 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Novolipetsk Steel among the top performers, with one of the lowest emissions intensities relative to peers. a
In 2024, Novolipetsk Steel reported a total carbon footprint of 39,471,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.04% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Novolipetsk Steel's total carbon footprint was Scope 1 emissions, accounting for 74.94% of the company's total carbon footprint, followed by Scope 3 emissions at 20.27%. a