Metinvest, an international vertically integrated group of steel and mining companies, conducted a comprehensive evaluation of its activities in the field of environment, social and corporate governance (ESG) the Agency Sustainalytics, a leading independent provider of research, ratings and data in the field of ESG. About it announced in a press-service of the mining and metallurgical holding on Wednesday.
Assessment of ESG risks for Metinvest was 32 points out of a possible 100. In the comparative rating of Metinvest took 9-th place among 140 of the world's steel companies are evaluated by Sustainalytics Agency.
Metinvest has received a high rating for the quality of human capital management, labor protection and industrial safety, as well as interaction with local communities. In addition, the report Sustainalytics highly acclaimed corporate management of Metinvest and noted the adherence to high standards of business ethics.
"We understand that mining and metals always have a high level of environmental impacts and risks compared to many other industries. Metinvest continuously takes into account environmental, social and governance factors in their business decisions, so we've launched our first external assessment in the field of ESG as part of our overall commitment to transparency in business. We believe that measuring our performance against ESG criteria helps us to better understand our strengths and weaknesses for further sustainable development. We received feedback is needed and appreciated, as they can create more robust institutions risk management to ensure the continued leadership of Metinvest group in the industry", - said Yuriy Ryzhenkov, CEO of Metinvest.
Earlier it was reported that Metinvest is planning to 2025 to invest 670 million dollars in the ecological modernization of production in their enterprises. Today the group's portfolio there are 149 such projects.
Recall that according to the world steel Association Metinvest group ranked the 42nd out of 50 in the international comparison the largest steel producers in the world in 2019. According to the Association, in 2019, the group made 9,58 million tons of steel.
Metinvest is an international vertically integrated mining and metallurgical group of companies headquartered in the Netherlands that manages every link in the production value chain – from mining iron ore to manufacturing finished products. The structure of the group consists of mining and metallurgical enterprises in Ukraine, Europe and USA and has sales network covering all key global markets.
Metinvest, the largest mining and metallurgical holding in Ukraine. The group's enterprises are located mostly in Donetsk, Lugansk, Zaporozhye and Dnepropetrovsk regions.
the Main shareholders of Metinvest group are SCM group Rinat Akhmetov (71.25%) and Smart holding of Vadim Novinsky (23,75%) which jointly manage the company.