Metalloinvest remains committed to the principles of sustainable development

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AK&M 05 August 2022 16:58

Metalloinvest remains committed to the principles of sustainable development. This was stated by Yulia Shabala, Deputy General Director for Interaction with the authorities of Metalloinvest, the company said in a statement.

According to her, a responsible attitude to environmental protection, including decarbonization of production and reduction of greenhouse gas emissions, remains one of the company's key priorities.

Metalloinvest's Climate Strategy, approved in 2021, provides for three stages: completion of planned modernization by 2025; introduction of low-carbon hydrogen by 2036; achievement of carbon neutrality by 2050.

Metalloinvest is a leading mining and metallurgical company, the world leader in proven iron ore reserves according to JORC. The company is the world's largest producer and supplier of commercial hot–briquetted iron, a low-carbon raw material for the production of "green" steel; it occupies a leading position in the production of iron ore concentrate, pellets and high-quality steel. 100% of the shares of JSC "HC METALLOINVEST" belong to LLC "YUESEM Metalloinvest" (part of LLC "HC YUESEM").

 

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