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Severstal

Founded in 1955, Severstal is a vertically integrated metals and mining company which engages in the manufacture of steel and rolled products. It operates through two production divisions: Severstal Resources and Severstal Russian Steel. Headquartered in Cherepovets, Russia, the company also has operations in several countries in Europe and employs around 50.000 people. In 2021, Severstal reported USD 11.6 billion in revenue.

Summary

Severstal ranks 68th overall and 38th in the Extractives sector. It performs best on governance and policy commitments, but has an opportunity to translate these policy commitments in into better human rights practices.

Severstal has established clear commitments to respect human rights and allocated board responsibility for overseeing human rights across the business. It also discloses its process for assessing which human rights risks are salient for the business.

The company has an opportunity to disclose its process for mitigating its salient human rights risks. It could also disclose how it allocates senior level responsibility for the day-to-day implementation of its human rights policies, as well as how it monitors compliance with these policies.

Ranking position: #68 /110
Total score: 13.4 /100

Measurement theme	Score	Rank (0-110)
Governance and policy commitments	#1 2.7 /10	#42
Embedding respect and human rights due diligence	#1 3.6 /25	#64
Remedies and grievance mechanisms	#1 3.0 /20	#74
Performance: Practices	#1 1.4 /25	#83
Performance: Responses	#1 2.7 /20	#58

Sector
Extractives	#38

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2020

This company is part of the SDG2000, the 2,000 most influential companies

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