NLMK Group improves its position in the WWF environmental transparency rating
NLMK Group improves its position in the WWF environmental transparency rating
NLMK Group improved its position in the Rating of Openness of Mining and Metallurgical Companies in the Sphere of Environmental Responsibility - a project of the World Wildlife Fund (WWF) of Russia and the National Rating Agency. The company took sixth place, having improved its result by three positions compared to 2019.
This year, 40 of the largest mining and metallurgical enterprises in Russia took part in the project. The rating results are based on an assessment of the companies' environmental management, environmental impact and completeness of disclosed information.
Caring for the environment is a key principle of NLMK Group's sustainable development policy. Since 2000, the company has invested over $ 1.3 billion in conservation efforts. Over the past five years, against the background of production growth, the company has reduced the level of CO2 emissions per ton of steel by 3% - from 2.04 tons in 2015 to 1.98 in 2019 - and sets the goal of further reduction to 1.91 tons (more by 3.5%) by 2023
Continuous improvements in environmental and climate protection contribute to strengthening the company's position in international sustainability rankings. In 2020, the international agency Sustainalytics improved the company's rating compared to the previous year.
“Responsible attitude to the environment is the basis of NLMK's activities. We are also committed to maximum transparency, therefore we disclose environmentally important information about our activities to a wide range of stakeholders - this is the reason for our consistently high position in the World Wildlife Fund ranking, "commented Nikita Vorobyov, NLMK Group Environmental Director.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient steel producers in the world.
Steel products NLMK Group is used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe and the United States. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK demonstrates high cost competitiveness among global manufacturers, the company's profitability is one of the highest in the industry. The company has investment grade credit ratings from S&P, Moody's, Fitch and Expert RA.
NLMK's common shares, which have free-float of 20.7%, are traded on the Moscow Stock Exchange (ticker “NLMK” ), global depository shares - on the London Stock Exchange (ticker "NLMK: LI"). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble. More information about NLMK's share capital can be found here.
For more information about NLMK Group, visit the website.
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