In 2024, Severstal 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).
Severstal has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 23,030,000a | 24,850,000a | 26,010,000a | |
Total Scope 2 | ||||
Market-Based | 890,000a | 930,000a | 1,070,000a | |
Location-Based | 890,000a | 930,000a | 1,070,000a | |
Total Scope 3 | 13,490,000a | 13,170,000a | 12,470,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3,157.0637a | 2,619.57a | 2,927.0784a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Severstal amounted to 23,920,000 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 Severstal decreased by 7.21%, 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 Severstal were 23,030,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Severstal's Scope 1 emissions have decreased by 13%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Severstal's Scope 1 emissions decreased by 7.32%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Severstal reported Scope 2 greenhouse gas (GHG) emissions of 890,000 tCO₂e using the market-based method and 890,000 tCO₂e using the location-based method.a
Since 2019, Severstal's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 45.73%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Severstal's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Severstal's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Severstal reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Severstal reported 13,490,000 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 Severstal includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, up from 11 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Severstal reported total Scope 3 emissions of 13,490,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 75.04% of these emissions originated from upstream activities such as purchased goods and capital goods, while 24.96% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Severstal's Scope 3 emissions have decreased by 12.69%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Severstal's Scope 3 emissions remained relatively stable, indicating that Severstal's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Severstal reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Severstal's Scope 3 emissions were:a
In 2024, Severstal reported Scope 1 greenhouse gas (GHG) emissions of 23,030,000 tCO₂e and total revenues of USD 7,295 millions. This translates into an emissions intensity of 3,157.06 tCO₂e per millions USD.a
In 2024, Severstal reported a Scope 1 emissions intensity of 3,157.06 tCO₂e per millions USD. Compared to the peer group median of 940.54, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Severstal ranked 21 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Severstal among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Severstal reported a total carbon footprint of 37,410,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.95% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Severstal's total carbon footprint was Scope 1 emissions, accounting for 61.56% of the company's total carbon footprint, followed by Scope 3 emissions at 36.06%.a