Evraz

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

Evraz has set a target for a 20% reduction in scope 1 and 2 from steelmaking operations by 2030 relative to 2019 levels. However, the company has not set a scope 3 target, representing a missed opportunity to lower its overall emissions impact.

Evraz has performed climate scenario analysis to identify risks and opportunities for all its business units and operations covering the short-, medium- and long-term. The company also considers carbon pricing in its scenario analysis. However, there is no evidence that members of the company’s board, particularly its Sustainability Committee, have climate-related qualifications. Additionally, the company has no management incentives linked to climate metrics.

Evraz does not publicly disclose its research and development (R&D) expenditure in low-carbon technologies and a breakdown of its investments in mature- and non-mature climate technologies.

Evraz has a stakeholder engagement policy that includes customers, but there is no evidence that the strategy aims to influence customers to opt for low-carbon products and reduce their emissions.

Evraz commits to reach a 20% reduction in scope 1 and 2 emissions from steelmaking operations by 2030 compared to 2019.

Evraz reports that it considers entering contracts with low-carbon electricity suppliers, but there is no clarity as to how this electricity will be utilised or integrated in its operations.

Evraz recycles 34% of its waste with the aim of minimising landfilled wastes and reducing overall emissions. The company has also reported that it processes scrap metals for its electric arc furnaces (EAFs).

Evraz has been sanctioned by the UK government due to its possible involvement in the Russia-Ukraine war. This also holds direct implications for its disclosure through annual and sustainability reports as no auditor wants to perform audits for the company.

Evraz has set a governance mechanism to address climate change issues and risks. The company’s board of directors deals with climate-related issues and controls the climate change risk management process.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders. No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks. The company discloses the actions it takes to provide training for workers and affected stakeholders. For instance, it provides training materials and educational programs focused on decarbonization and energy management. However, no relevant disclosure was found of the company embedding equality of opportunity for women and vulnerable groups in these actions. Furthermore, no evidence was found of the company having a process for identifying skills gaps for workers and affected stakeholders or a public commitment to help workers displaced by the transition to re- or up-skill.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders. No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

The company commits to respecting human rights and the ILO fundamental rights at work. However, no evidence was found that it expects its business relationships to respect the ILO fundamental rights at work. No evidence was found of the company’s process to identify, assess and mitigate salient human rights risks in its own operations and supply chain. No evidence was found of the company disclosing the stakeholders whose human rights have been affected by its activities. While the company has a grievance mechanism available to workers, no evidence that such a mechanism is available to external stakeholders.

The company commits to respecting the health and safety of its workers and expects the same commitment of its business relationships. No evidence was found of a time-bound target for paying all workers a living wage. While the company discloses the proportion of its direct workforce covered by collective bargaining agreements, no relevant disclosure was found of the company’s required working hours. The company discloses the gender of its workforce by employee category. However, no relevant disclosure was found of additional indicators of workforce diversity. No evidence was found that the company commits to gender equality and women’s empowerment.

The company commits to protecting personal data and has a privacy statement regarding the collection, sharing and access to personal data. No relevant disclosure was found of the company’s global tax strategy and the corporate income tax paid for each relevant jurisdiction. The company does have a policy prohibiting bribery and corruption, and it includes corresponding clauses in its contracts with business relationships. While the company specifies that it does not make political contributions, no evidence that it has a lobbying and political engagement policy. No relevant disclosure was found of the company’s expenditure on lobbying activities.