Metalloinvest has joined the United Nations Global Compact, an international initiative on sustainable development and corporate social responsibility.
As a member of the Global Compact , Metalloinvest has made voluntary commitments to comply with the fundamental principles of the UN Global Compact in the field of human rights protection, labor relations, environmental protection and anti-corruption.
“Joining the UN Global Compact is a great honor and responsibility for our Company, - said Andrey Varichev, CEO of Management Company Metalloinvest. - Large businesses with advanced technologies play an important role in the rational use of natural resources, protection of life and health, development of human capital, education and science. Participation in the Global Compact gives Metalloinvest an opportunity to exchange best practices and join forces with companies around the world. This will help us effectively build a business strategy based on the principles of long-term sustainability. ”
Metalloinvest strives for industrial leadership through sustainable growth and the creation of shared value for all stakeholders. Every year the company increases its attention to various aspects of sustainable development. Since 2015, Metalloinvest has supported UN global initiatives, including the 17 UN Sustainable Development Goals (UN SDGs).
Metalloinvest is constantly increasing its production of high-quality iron ore and steel products, reducing emissions and waste at its own production; supplies metallurgical companies all over the world with raw materials, the use of which contributes to the improvement of the environmental performance of steelmaking production.
The company also provides its employees with safe working conditions, decent wages, rest and treatment; invests in the development of the regions of its presence with the support and participation of local communities.
Metalloinvest attaches great importance to openness and exchange of experience in order to achieve its strategic goals of sustainable development. To this end, the Company has been publishing non-financial statements since 2009. This year, the Corporate Social Responsibility Report was replaced by the Sustainable Development Report. This reflects deep changes in the philosophy of the Company: sustainable development becomes the basis of the Company's business strategy. Metalloinvest's sustainability report is prepared on the basis of the Global Reporting Initiative (GRI) and ISO: 26000 international standards and taking into account the best international practices.
