ResponsibleSteel’s membership expands into Russia

ResponsibleSteel is delighted to welcome its first Russian steelmaker – Severstal.

Severstal is one of the largest steel making companies in Russia and is one of the world’s leading vertically integrated steel and steel related mining companies, with major operations in Russia as well as investments in other regions of the world.

Severstal joins over 100 global business and civil society organisations who are members of ResponsibleSteel and representing the whole steel supply chain from mining through steel production to buyers of steel from the automotive and construction sectors, as well as civil society organisations focused on human rights, biodiversity, climate change and other key issues. ResponsibleSteel is the only global multi-stakeholder standard and certification initiative with a mission to maximise steel’s contributions to a sustainable society.

Russia is the 5th largest steel producer in the world, responsible for 7.5% of global steel production. Today greenhouse gas emissions from the steel sector alone account for around 7% of global annual emissions, and this is projected to rise in line with increasing demand. There is less than 10 years to halve global carbon emissions to get the world on track to reach net zero by mid-century and decarbonising steelmaking needs to be a critical part of that journey.

Anne-Claire Howard, CEO ResponsibleSteel, said “We are delighted to welcome Severstal as a member of ResponsibleSteel. We work with organisations from every stage of the steel supply chain from mining, steel producers and downstream companies. Partnering with companies such as Severstal – one of the top 50 steel producers in the world – will help demonstrate the opportunity to produce steel in a responsible way and accelerate the steel industry to become net zero by 2050.”

“Joining ResponsibleSteel demonstrates Severstal’s strong commitment to help drive decarbonisation of the steel industry and sends a clear signal to other steel companies to follow in their footsteps. For us to be within a fighting chance of transitioning the steel sector to one which is net zero in less than thirty years is a massive undertaking and will require the leadership and vision of many companies in the steel sector.” She said.

Alexander Shevelev, CEO of Severstal, commented: “Joining ResponsibleSteel reflects Severstal’s commitment to collaborating with the industry and its stakeholders to set and demonstrate new best-in-class standards for responsible steel production. As the first member from Russia, Severstal is excited to promote the principles of ResponsibleSteel in our country, which is a major steel-producing region.
We look forward to contributing to the development of the ResponsibleSteel standard, which aims to recognise steel sites that are operated in a responsible manner, looking at environmental, social and governance issues. It is increasingly important that we can demonstrate to our stakeholders, including our customers, that we take a responsible and sustainable approach to every aspect of our operations. Due to its 100% recyclability and durability, steel has an important role to play in the circular economy. However, steel can only be considered a sustainable material if producers continue to reduce their impact on the environment and make a positive contribution to society.”

ResponsibleSteel – A not-for-profit organisation, ResponsibleSteel is the steel industry’s first global multi-stakeholder standard and certification initiative.

Our mission is to maximise steel’s contribution to a sustainable society. This can only be achieved through cooperation and mutual commitment by companies at all levels of the steel supply chain, representatives of civil society and other stakeholders. ResponsibleSteel provides the forum for this multi-stakeholder approach. We are committed to open dialogue with all our stakeholders and to collaboration with the best equivalent schemes wherever possible to help achieve our mission. Welcoming members from every stage of the steel supply chain, we have developed an independent certification standard and programme via a process that aims to align with the ISEAL Codes of Good Practice.

The world’s largest materials industry, steel generates a turnover of 1 trillion US dollars and is 10 times larger than the aluminium industry, 7½ times larger than the copper industry and 4 times that of the cement industry.

For media enquiries, contact:

Anne-Claire Howard, CEO                   +44 (0) 7787 411 461
Ali Lucas, Communications Director +44 (0) 7786 546 724

PAO Severstal is one of the world’s leading vertically integrated steel and steel related mining companies, with assets in Russia, Latvia and Poland. Severstal is listed on RTS and MICEX and the company’s GDRs are traded on the LSE. Severstal reported revenue of $6 870 million and EBITDA of $2 422 million in 2020. Severstal’s crude steel production in 2020 reached 11.3 million tonnes.

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