print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line

Get updates

Home  Issuers' Corner  Press Releases  MMK REGISTER LOG IN

Press Releases > MMK  all about the company

company search
all press releases
all MMK press releases


July 21, 2021

Calculation of MMK Group's greenhouse gas emissions is confirmed by independent auditors

The auditing company BSI (Great Britain) has issued a conclusion confirming MMK Group's quantitative assessment of its greenhouse gas emissions.†

Magnitogorsk Iron and Steel Works (MMK) pays significant attention to the issue of climate change and the assessment of its greenhouse gas emissions. Taking an active position on the climate agenda, the Company for the first time assessed the risks associated with global climate change by performing a quantitative assessment and verification of direct and indirect greenhouse gas emissions for 2019-2020 according†to Scope 1, Scope 2 and Scope 3 for its main production site in Magnitogorsk. The results of MMK Group's emissions calculations were confirmed by the auditing company BSI.

As part of its efforts to combat climate change, MMK Group carried out an inventory of emissions sources and a quantitative assessment of greenhouse gas emissions in 2021. In July of this year, BSI issued a positive conclusion upon the verification of MMK Groupís greenhouse gas emissions for 2020 according to Scope 1, Scope 2 and Scope 3.

MMK's activities in combating climate change support the Company's goals in the field of environmental, social and corporate responsibility (ESG). MMK plans to achieve a reduction in CO2 emissions by 3.9 million tonnes in comparison to 2020 levels by 2025.

MMK ensures the reduction of greenhouse gas emissions not only by using the best available technologies, but also through its development of innovative production methods. In particular, MMK produces rolled products from high-strength steel grades under the MAGSTRONG brand, which enables the Company to increase its production volumes on an annual basis. With the use of MAGSTRONG products, MMK has improved the quality of its production while reducing greenhouse gas emissions by an average of 30%, as a result of replacing ordinary steel grades and tracking emissions throughout the entire product life cycle.

MMK Press Service

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index


Site Map
Privacy Statement | Disclaimer