October 21, 2021
PAO Severstal, one of the world’s leading vertically integrated steel and
steel-related mining companies, has become the first company in Russia to join
ResponsibleSteel, the first global multi-stakeholder standard and certification
initiative with a mission to maximise steel’s contributions to a sustainable
As a member of ResponsibleSteel, Severstal will collaborate with
organisations from across the steel supply chain, exchanging experience and
contributing to the development of new standards aimed at improving the
sustainability of the global steel sector.
ResponsibleSteel members comprise over 100 global business and civil society
organisations 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.
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.
Russia is the 5th largest steel producer in the world, responsible for 7.5%
of global steel production.
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.”
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.”