PAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, has developed a Climate Memorandum “Together towards a low-carbon Future” in support of global efforts to prevent further climate change.

Schneider Electric and Air Liquide are the first partners to join the initiative to join forces on ensuring a sustainable low-carbon future.

Severstal created the Climate Memorandum to commit members of its supply chain to measures that will support a reduction in their carbon footprint, as part of its focus on collaboration for decarbonisation. Severstal is one of the first steel producers in Russia to calculate its scope 3 GHG emissions and is working closely with businesses that contribute to emissions ‘hot spots’ in the Company’s supply chain to help them reduce their carbon footprint.

Alexander Shevelev, CEO of Severstal, commented, “Severstal pays close attention to the issue of climate change. We take great efforts to minimize the carbon footprint of our own operations and also collaborate with our partners on joint decarbonisation initiatives.

“Agreements between manufacturers and suppliers of goods and services that declare a common commitment to decarbonisation are becoming common practice in the global business community. I am delighted that Severstal’s initiative has already been supported by two international companies – Schneider Electric and Air Liquide. I am convinced that only environmentally responsible companies and organizations that truly share our concern about climate change will be able to demonstrate in practice the principles set out in the Memorandum.”

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