As one of the world’s leading steel companies, EVRAZ understands and recognises the growing importance of climate action. As the effects of climate change become increasingly evident globally and the policy environment evolves, large businesses must consider new questions on how to respond to emerging risks and opportunities.
In October 2020, EVRAZ published its first Climate Change Report 2020 (“the Report”). With this Report, which was prepared on the basis of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), EVRAZ outlines the principles underpinning its approach to climate change and seeks to provide greater insight for stakeholders on actions taken by the Company.
In order to reduce impacts on the climate and to lessen related risks, the Group supports global programmes to reduce greenhouse gas emissions. In accordance with the Companies Act 2006, (Strategic Report and Directors’ Report — Regulations 2013), EVRAZ conducts full assessments of GHG emissions at all enterprises, and has participated in the Climate Change Adaptation Programme since 2011. Focusing on energy efficiency is a vital strategic area for EVRAZ, which will help reduce GHG emissions from the Group’s operations.
EVRAZ adheres to the requirements of the 2006 IPCC Guidelines for National Greenhouse Gas Inventories (IPCC 2006) and the WRI/WBCSD GHG Protocol Corporate Accounting and Reporting Standard, and applies the following approach to GHG emissions accounting.
In 2020 the Group improved and updated the Environmental strategy, which sets forth new and ambitious climate-related goals for up to 2030, using 2019 as a baseline year. Steps include:
- Reducing specific Scope 1 and 2 GHG emissions from EVRAZ’s Steel segments (the Steel and North America segments) by 20%, in compliance with the Paris Agreement. Work to meet this goal will involve implementing modernisation and energy efficiency measures, with energy efficiency projects being a core component of EVRAZ’s efforts to lower GHG emissions. In addition to energy efficiency initiatives, during the development of the Group’s Environmental strategy EVRAZ assessed several promising projects for switching to the best available technologies aimed at reducing GHG emissions, including the return of sinter gases to the sinter furnace and gas tank installation to recover converter gas and heat at oxygen converter shop no. 2. It is planned to adopt these technologies in the future as part of the implementation of the Environmental strategy up to 2030.
- Utilising 75% of methane (CH4) emitted in the process of degassing carried out during coal mining.
Discover more in the GHG emissions and energy efficiency section of Sustainability Report 2020