Mining and steelmaking processes produce CO2 and other greenhouse gases. The Group recognises the need to mitigate against the consequences of climate change and to lessen related risks, and it supports global programmes to reduce greenhouse gas emissions. In accordance with the requirements of the Companies Act 2006 (Strategic Report and Directors’ Report — Regulations 2013), EVRAZ conducts a full assessment of greenhouse gas emissions at all companies and has participated in the Climate Change Adaptation Programme since 2011.
EVRAZ measures direct emissions of all seven GHGs stated in the Kyoto Protocol (Scope 1), as well as indirect emissions linked to purchased electricity and heat (Scope 2). The inventory approach is based on the 2006 IPCC Guidelines for National Greenhouse Gas Inventories (IPCC 2006) and the WRI/WBCSD GHG Protocol Corporate Accounting and Reporting Standard. We report GHG emissions for both scopes expressed in tCO2e, calculated using the IPCC 2006 global warming potentials.
The central pillar of EVRAZ’s strategy to reduce emissions is achieving a decrease in resource consumption and greater energy efficiency. To achieve this, the Group set a five-year target in 2018 for its steelmaking and steel-products manufacturing operations (Steel segment and Steel, North America segment accounted for 76.15% of total GHG emissions in 2018) to maintain a GHG intensity ratio of below 2 tonnes of CO2 equivalent (tCO2e) per tonne of steel cast. In 2018, this ratio reached the level of 2 tonnes of tCO2e.
See more in the “Reducing emissions section” of the Sustainability Report 2018.