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 GHG Emissions Data Preview

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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Novolipetsk Steel’s Greenhouse Gas (GHG) Emissions 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 2024
a. Novolipetsk Steel's Annual Report 2024

Insights into Novolipetsk Steel's Operational Emissions

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

Novolipetsk Steel's Scope 1 Emissions Over Time

201820192020202120222023202408 M16 M24 M32 MtCO2e-9%+5%+1%-4%+4%-1%
  • Total Scope 1
  • Year-over-Year Change

What are Novolipetsk Steel's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Novolipetsk Steel were 29,578,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Novolipetsk Steel reduced its Scope 1 emissions over time?

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

What are Novolipetsk Steel's Scope 2 emissions?

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

Has Novolipetsk Steel reduced its Scope 2 emissions over time?

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

What methodology does Novolipetsk Steel use for Scope 2 reporting?

In 2024, Novolipetsk Steel reported its Scope 2 emissions using the market-based method and using the location-based method. a

Novolipetsk Steel's Scope 2 Emissions Over Time

20182019202020212022202320240550 k1.1 M1.65 M2.2 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Novolipetsk Steel's Value Chain Emissions

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

Novolipetsk Steel's Scope 3 Emissions Over Time

201820192020202120222023202402.5 M5 M7.5 M10 MtCO2e+17%-16%+3%-14%+24%+4%
  • Total Scope 3
  • Year-over-Year Change

What are Novolipetsk Steel's Scope 3 emissions?

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

Has Novolipetsk Steel reduced its Scope 3 emissions over time?

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

What categories of Scope 3 emissions does Novolipetsk Steel disclose?

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.

What are the main sources of Novolipetsk Steel's Scope 3 emissions?

In 2024, the largest contributors to Novolipetsk Steel's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 4,400,000 tCO₂e (55%)
  • Fuel- and Energy-Related Services (Cat. 3): 3,100,000 tCO₂e (38.75%)
  • Upstream Transportation and Distribution (Cat. 4): 500,000 tCO₂e (6.25%)

Novolipetsk Steel's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(55.0%)UpstreamTransportation andDistribution(Cat. 4)(6.3%)Fuel- andEnergy-RelatedServices (Cat. 3)(38.8%)

Insights into Novolipetsk Steel’s GHG Emissions Intensity Compared to Industry Peers

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

Novolipetsk Steel's Scope 1 Emissions Intensity Compared to Peers

5,000100,0002,000,00020,000,000500,000,000Scope 1 Emissions (tCO2e)2002,00050,000500,0005,000,000Revenues (Millions of USD)SXFGerdauYear: 2023Scope 1: 9,562,437 tCO2eRevenue: $M 14,209Scope 1 Intensity: 672.99 tCO2e/$MWalsin LihwaYear: 2024Scope 1: 3,206,945 tCO2eRevenue: $M 5,474Scope 1 Intensity: 585.88 tCO2e/$MTerniumYear: 2023Scope 1: 17,900,000 tCO2eRevenue: $M 17,610Scope 1 Intensity: 1,016.46 tCO2e/$MAPL Apollo TubesYear: 2024Scope 1: 52,852 tCO2eRevenue: $M 2,099Scope 1 Intensity: 25.18 tCO2e/$MKumba Iron OreYear: 2024Scope 1: 417,000 tCO2eRevenue: $M 3,633Scope 1 Intensity: 114.77 tCO2e/$MSSShandong Iron and SteelYear: 2024Scope 1: 24,821,339 tCO2eRevenue: $M 11,249Scope 1 Intensity: 2,206.60 tCO2e/$MCSN MineracaoYear: 2024Scope 1: 209,099 tCO2eRevenue: $M 2,670Scope 1 Intensity: 78.31 tCO2e/$MUsiminasYear: 2023Scope 1: 4,782,300 tCO2eRevenue: $M 5,698Scope 1 Intensity: 839.24 tCO2e/$MCompanhia Siderurgica NacionalYear: 2024Scope 1: 15,213,806 tCO2eRevenue: $M 7,072Scope 1 Intensity: 2,151.40 tCO2e/$MXXXinyu Iron & SteelYear: 2023Scope 1: 19,625,639 tCO2eRevenue: $M 10,010Scope 1 Intensity: 1,960.55 tCO2e/$MAcerinoxYear: 2023Scope 1: 778,994 tCO2eRevenue: $M 7,314Scope 1 Intensity: 106.51 tCO2e/$MKloeckner & CoYear: 2024Scope 1: 38,911 tCO2eRevenue: $M 6,902Scope 1 Intensity: 5.64 tCO2e/$MSeverstalYear: 2023Scope 1: 24,850,000 tCO2eRevenue: $M 728,314Scope 1 Intensity: 34.12 tCO2e/$MSteel DynamicsYear: 2023Scope 1: 2,750,371 tCO2eRevenue: $M 18,795Scope 1 Intensity: 146.33 tCO2e/$MMagnitogorskiy Metallurgicheskiy KombinatYear: 2023Scope 1: 79,844,448 tCO2eRevenue: $M 763,390Scope 1 Intensity: 104.59 tCO2e/$MAperamYear: 2024Scope 1: 860,000 tCO2eRevenue: $M 6,509Scope 1 Intensity: 132.12 tCO2e/$MHyundai SteelYear: 2023Scope 1: 26,679,000 tCO2eRevenue: $M 20,280Scope 1 Intensity: 1,315.52 tCO2e/$MArcelorMittalYear: 2024Scope 1: 97,000,000 tCO2eRevenue: $M 53,431Scope 1 Intensity: 1,815.43 tCO2e/$MBlueScope SteelYear: 2024Scope 1: 8,500,000 tCO2eRevenue: $M 11,345Scope 1 Intensity: 749.21 tCO2e/$MHBISYear: 2024Scope 1: 52,220,000 tCO2eRevenue: $M 16,664Scope 1 Intensity: 3,133.68 tCO2e/$MFFFeng Hsin SteelYear: 2023Scope 1: 197,346 tCO2eRevenue: $M 1,137Scope 1 Intensity: 173.56 tCO2e/$MJFE HoldingsYear: 2024Scope 1: 44,000,000 tCO2eRevenue: $M 34,170Scope 1 Intensity: 1,287.70 tCO2e/$MTaigang StainlessYear: 2023Scope 1: 21,600,000 tCO2eRevenue: $M 14,861Scope 1 Intensity: 1,453.46 tCO2e/$MNovolipetsk SteelYear: 2021Scope 1: 29,932,000 tCO2eRevenue: $M 1,311,243Scope 1 Intensity: 22.83 tCO2e/$M

How does Novolipetsk Steel's GHG emissions intensity compare to its peers?

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

Where does Novolipetsk Steel rank on GHG emissions intensity within its industry?

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

Insights into Novolipetsk Steel's Total Carbon Footprint

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

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