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Metalloinvest receives award at 2019 ‘Russian Business Leaders: Dynamics, Responsibility, Sustainability’ competition

20 October 2020

Metalloinvest has been awarded at the 2019 national ‘Russian Business Leaders: Dynamics, Responsibility, Sustainability’ competition in the ‘For Contribution to the Social Development of Communities’ category. The award ceremony took place during the Russian Business Week organised by the Russian Union of Industrialists and Entrepreneurs (RSPP).

This year, 152 companies participated in the competition across 8 categories.

Julia Mazanova, Social Policy and Corporate Communications Director of Management Company Metalloinvest, said: "Metalloinvest is a key partner and the largest taxpayer in the towns and regions where the Company's enterprises are located. In 2019, the Company invested almost 6 bn roubles into the development of the social and cultural environment, education, healthcare and sports, as well as the provision of support for vulnerable groups. Our goal is to develop active communities that are ready to participate in developing solutions for pressing urban issues and for community development."

Sustainable development is the foundation of Metalloinvest's strategy. Workplace and production safety, high product quality, a customer-oriented approach, compliance with legal and ethical norms, as well as responsibility and care for future generations are key principles for the Company.

Metalloinvest's activities in this area have been repeatedly recognised by the professional community. Previously, the Company won the ‘Leaders in Corporate Philanthropy’ competition, while Metalloinvest's enterprises were recognised as ‘Russian Organisations with High Social Effectiveness’. At the end of last year, the Company was once again recognised as one of the leaders of the RSPP's sustainable development indices for ‘Responsibility and Openness’ and ‘Sustainability Vector’.

In 2019, Metalloinvest was awarded a Silver rating by the international rating agency EcoVadis with a total score of 60 points, compared to an industry average of 43. In 2020, the Company received an ISS ESG rating of C-, once again placing it above the industry average.

Metalloinvest attaches great importance to transparency and the exchange of experience to achieve strategic goals in sustainable development. To this end, the Company has published non-financial reports since 2009. In 2019, the Company was rated in 4th place in the WWF’s transparency rating of Russian metals and mining companies.

The national ‘Russian Business Leaders: Dynamics, Responsibility, Sustainability’ competition is held annually by the Russian Union of Industrialists and Entrepreneurs. The objectives of the competition are to support the sustainable development of companies, meeting the long-term economic interests of the Russian Federation, as well as to identify dynamically developing companies based on their economic and social performance.

The Company has been repeatedly recognised as a winner of the RSPP competition in various categories, including ‘For High Quality Reporting in the Field of Sustainable Development’, ‘For Environmental Responsibility’, ‘For the Development of Inter-sector Partnerships in Solving Regional Social Problems’ and ‘For the Contribution to Solving Regional Social Problems’.

Anton Troshin

Anton Troshin

Corporate Communications Director
E-mail: pr@metalloinvest.com
Tel.: +7 (495) 981-55-55

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