NLMK Group, an international metallurgical company, announces that the agency MSCI ESG Research, as part of the regular review of ratings in the area of sustainable development (ecology, social responsibility and corporate governance - ESG rating) in August 2019 raised the company's ESG rating from the level BB to BBB (on the AAA - CCC scale, where AAA is the maximum rating).
Earlier, the FTSE Russell analytical agency confirmed the company's position in the FTSE4Good index as a result of the revision carried out in June 2019, the corresponding ESG rating of the company was increased to 3.9 (3.2 in June 2018, maximum level of 5.0).
“We are delighted that the results of our sustainability work have been highly rated by leading rating agencies. Sustainable development is integrated into the development strategy of NLMK Group, we strive to comply with the best international practices in this area, "commented President of NLMK Group Grigory Fedorishin.
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's metal products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind farms. installations.
NLMK's production assets are located in Russia, Europe and the USA. 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 Expert RA.
NLMK's common shares, which have a free-float of 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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