metalloinvest (the"Company"), a leading manufacturer and supplier of iron ore products and HBI in the world market, one of the regional producers of high quality steel, reported positive indicators in the field of sustainable development, reflected in the assessment of the independent international ratings Agency EcoVadis.
According to the results of actualization of corporate social responsibility (CSR) in 2019 metalloinvest confirmed the compliance of the "Silver" level. The Company's rating has improved by 3 points to 60 points at the average industry score of 43.
the company entered into 12% of the best companies in the world, rated by EcoVadis. Moreover, among producers metalloresurs and steel Company is among the 8% best on the criterion "environment" and 4% better in terms of "Labour rights and human rights".
"We are continuously improving our standards and practices in the field of protection of life and health of employees, care about the environment and welfare of the inhabitants of the cities, – noted General Director UK "metalloinvest" Andrey Varichev. Sustainable development was the Foundation of our long-term strategy and corporate culture. Consumers of our products and investors have also increased attention to environmental and social aspects of doing business, they look for an authoritative independent assessment of the Company's progress in this area."
According to the EcoVadis assessment results identified areas for improvement in the implementation of best CSR practices to achieve higher performance in 2020.
At the end of 2019, the Company improved its position in several rankings of sustainable development. Including the world wildlife Fund (WWF), the company up to 4th from 6th place the year before, again showing the best result among the enterprises of ferrous metallurgy. The company also scored the most points in the section "Disclosure".
In the ranking of the fundamental (environmental and energy) efficiency Interfax-ERA, the company took the 45th place among the 150 largest companies of Russia and Kazakhstan. Moreover, among the five largest Russian steelmaking companies of metalloinvest became the second.
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the company uses in the production of advanced technologies, including direct reduction iron and smelting of steel in electric furnaces, allowing to minimize the impact on the environment. In the period 2007-2018. the amount of gross emissions decreased by 24%.
the Company is also constantly increasing output of high quality (in particular, hot briquetted iron and premium pellets), which helps consumers to reduce greenhouse gas emissions in the production of steel.
In 2013-2018 total Company expenditures on environmental measures and investments in environmental protection amounted to 44 billion rubles.
the company supports the global UN initiatives, including the parts 17 sustainable development Goals of the United Nations (UN SDG). In 2019, the Company joined the UN Global compact (United Nations Global Compact) is an international initiative in the field of sustainable development and social responsibility of business.
In 2019 metalloinvest became the first private company in Russia, concluded the credit agreement (with the Bank ING 100 million dollars.) the interest rate which depends on the ESG-rating.
EcoVadis, an independent rating Agency specializing in the rankings of sustainable development, which are used by companies in commercial activity, including supply chains, interaction with banks and financial matters. The EcoVadis methodology is based on international standards of sustainable development and CSR, including the Global reporting initiative, the UN Global compact and ISO 26000. EcoVadis assesses companies on four groups: environment, labour and human rights, ethics and sustainable procurement. In 2018, the company received debut CSR rating from EcoVadis.
