NLMK Group (LSE: NLMK; MOEX: NLMK), announces its accession to the United Nations Global Compact (UN Global Compact), an international UN initiative in the field of sustainable development and social responsibility of business.
By joining to the initiative, NLMK Group confirms that it will comply in its activities and strategy with the ten fundamental principles of the Global Compact in the field of human rights, labor relations, environmental protection and anti-corruption, as well as support and share the sustainable development goals. NLMK Group will annually disclose information on the achieved results in the field of sustainable development.
Founded in 2000, the UN Global Compact brings together more than 13,000 members from more than 160 countries, as well as more than 80 national networks.
“Joining this initiative confirms our commitment to the goal of achieving leadership in the field of sustainable development,” commented Grigory Fedorishin, President of NLMK Group.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the world's most efficient producers of steel products.
NLMK Group metal products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe and the United States. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK demonstrates high cost competitiveness among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue in 2018 was $ 12 billion, EBITDA was $ 3.6 billion. The Net Debt /EBITDA ratio was 0.25x. The company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).
NLMK's common shares, which free-float is 19%, are traded on the Moscow Stock Exchange (ticker “NLMK ”), Global depository shares - on the London Stock Exchange (ticker“ NLMK: LI ”). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble.
For more information on NLMK's share capital, please follow the link.
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