At the end of 2020, PJSC Severstal was recognized as the leader among Russian mining companies in the international rating of compliance with human rights CorporateHuma Rights Bechmark. Having scored 11 points out of 26 possible, the company also outperformed some large metallurgical corporations such as ArcelorMittal, POSCO and NippoSteel.
Among the key criteria for assessing the Corporate Huma Rights Bechmark rating is the integration of human rights issues into corporate governance, the availability of legal protection, response to alleged human rights violations and transparency of information. Severstal's Board of Directors approved the 2018 Human Rights Policy. The main information on the work to comply with human rights is reflected in the Report on corporate social responsibility and sustainable development, which the company prepares in accordance with international standards and publishes for nine years in a row. Since 2018, Severstal has been a member of the UN Global Compact, thereby confirming its commitment to human rights.
Severstal has also improved its results in a number of other ratings in the area of sustainable development.
Severstal »Took 15th place in the rating of world metallurgical companies in the ESG (environmental, social aspects and corporate governance) area in the SAM Corporate Sustaiability Assessmet rating. The international agency SAMS & P (formerly RobecoSAM), one of the key compilers of ratings in the ESG area, raised Severstal's rating by 7 points, from 41 to 48 points (out of 100 possible). SAM S&P noted steady improvement in information disclosure practices at Severstal. In 2017, the company's rating was 15 points, in 2018 - 36 points, in 2019 - 41 points. The greatest improvement in 2020 occurred due to the Ecology block, which is a natural reflection of the company's efforts to protect the environment and the implementation of programs to reduce emissions of pollutants and discharges into water bodies. They also noted the success of Severstal in preserving biodiversity and the company's climate strategy, which provides for a 3% reduction in the intensity of greenhouse gas emissions compared to 2020 by 2023.
In 2020, Severstal also confirmed its inclusion in the investment the FTSE4Good Idex Series index and improved its positions in it, gaining 3.5 points out of 5 possible. The index is compiled on the basis of the FTSE4Good ESG rating and is intended to increase investment in companies that comply with the principles of sustainable development. All companies included in the FTSE4Good Idex Series meet the strictest environmental, social and governance criteria.
Severstal is committed to sustainable development and makes significant efforts to not only comply with legal regulations, but also truly contribute to the future of the communities of which we are a part. Today, more and more investors include ESG factors in their analysis, so we strive to become as responsible and open as possible in these matters. In particular, since 2018, Severstal has been disclosing additional information in the area of ESG in operating results, and our own stakeholders have positively assessed this step ", - commented the CEO of Severstal AleksandrShevelev <- dle_leech_end ->
<-! dle_leech_begin -> Report "Severstal" for 2019 the year won in the nomination "Best Report on Corporate Social Responsibility and Sustainable Development" at the XXIII Annual Competition for Annual Reports of the Moscow Exchange.In 2019, the company's investments in environmental projects amounted to about 750 million rubles In the first half of 2020, the company has already invested 1.34 billion rubles in environmental measures.
