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:
- Evaluating direct emissions of all seven GHGs stated in the Kyoto Protocol (Scope 1)
- Assessing indirect emissions linked to the purchased electricity and heat (Scope 2)
Discover more in the Climate change section of Sustainability Report 2019