PJSC Severstal, one of the world's largest vertically integrated steel and mining companies, is one of the three leaders in the ESG ranking of public Russian non-financial companies in the industrial and manufacturing sector. The ranking was compiled by the National Rating Agency (NRA).
The ranking is the first of its kind; it includes 105 issuers from among the largest industrial enterprises and companies in the consumer sector, whose securities are traded in the first and second quotation lists of the Moscow Exchange. Severstal came in second in the ranking with 31.8 points. The maximum rating a company could receive was 38 points, which was composed of three ESG pillars.
Severstal is committed to the principles of sustainable development and makes significant efforts , in order not only to comply with the legal norms, but also to truly contribute to the future of the communities of which we are a part. Starting in 2018, Severstal discloses additional information in the area of ESG. As a result of the work done over these years, we have significantly improved our positions in a number of international and Russian ESG ratings. We are pleased to enter the top 3 of the NRA rankings and will continue to work actively towards ESG, ”said Natalya Poppel, Advisor to the General Director for Sustainable Development at Severstal.
In its research, NRA notes that ESG factors are the most are important in tech companies that have formed a pool of investors who are guided by compliance with these factors and the integration of the sustainable development agenda, or this is a requirement of large consumers, primarily in the extractive sectors. “Today, the main motivation for meeting the ESG criteria is meeting the expectations of stakeholders, especially with the aim of maintaining the current pool of investors and the possibility of acquiring new ones. It is no longer possible for companies that are present on public markets and want to increase their capitalization to ignore the ESG agenda, ”sums up the NRA.
