Company metalloinvest became a partner of the second annual conference "Responsible financial and investment practices in Russia", organized by newspaper "Vedomosti".
participation in the conference was attended by representatives of relevant government agencies, banks, investment funds, companies and associations, such as the Ministry of industry and trade, Ministry of economic development, RSPP, Moscow exchange, Gazprombank, Eurasian development Bank, the Bank of Russia, Ministry of foreign Affairs, VEB.Of the Russian Federation, Council of Federation, Sovcombank and NACHDI. The conference was moderated by Executive Director of NAKDI (national Association of concessionaires and long-term investors in infrastructure), the Chairman of the Expert Council on long-term investment market the Bank of Russia, member of the expert Council under the national project "Ecology", head of competence Center and green expertise Svetlana BIK.
Participants of the conference discussed the global climate challenges and the Russian agenda for sustainable development, prospects of the market of "green" Finance in Russia, the issues of promoting the emergence of responsible investors, incentives and market regulation.
"metalloinvest implements the best practices in the field of sustainable development, which is the basis of a long-term strategy of the Company – said during the conference Artem Lavrischev, Director of investor relations and rating agencies of the criminal code "metalloinvest". – We aim to translate the principles of sustainable development in relationships with our partners, suppliers, creditors and investors. ESG initiatives create value and increase financial sustainability, so we are actively working to improve the performance of the Company in the field of environmental protection, production safety, sustainable procurement and corporate governance".
In 2018, the company received a CSR rating of "Silver" level from an international company EcoVadis. In 2019, the Company's rating was improved by 3 points to 60 points at the average industry score of 43. Among manufacturers metalloresurs and steel Company is among the 8% best on the criterion "environment" and 4% better in terms of "Labour rights and human rights".
In 2019 metalloinvest was one of the first companies in Russia, signed an agreement on "green financing". ING Bank opened the company's credit line worth up to USD 100 million. USA. The interest rate on it depend on the level of the rating EcoVadis.
In the 3rd quarter 2019 metalloinvest signed a framework agreement on cooperation in the field of financing guaranteed by export credit agencies from 12 banks-partners. The agreement is aimed at optimization of the financing in the framework of the investment program of the Company, including the acquisition of modern technologies and equipment to reduce impacts on the environment.
In the 4th quarter of 2019, the company obtained a new line of credit pre-export financing of the club from 7 international banks. In the future, the Company and the banks intend to establish a binding price parameters of the loan to the indicators of sustainable development.
