Press Room

Metalloinvest leads in Transparency International’s anti-corruption study

15 October 2021

Metalloinvest received the highest possible score in a study conducted by the international organisation, Transparency International - Russia, which assessed large business’s anti-corruption whistleblowing hotlines. The study covered the 100 largest Russian companies by revenue.

Reporting corruption is one of the most important mechanisms for curbing corruption schemes, and the availability of a hotline is a key element in ensuring ethical business practices and preventing corruption.

Nazim Efendiev, CEO of Management Company Metalloinvest, noted: “Our attention is fully focused on the constant meticulous process of creating an atmosphere of zero tolerance for corruption and enhancing our anti-corruption measures’ effectiveness. We are grateful to the experts for the high recognition of our efforts to implement innovative practices and standards in this area.”

The study was conducted using seven criteria: the presence of a channel for reporting corruption, a guarantee of whistleblowers’ protection from negative influence, disclosure of information about the body responsible for investigating claims, the opportunity to report corruption by employees and by counterparties and other persons, assurance of claims’ confidentiality and anonymity, and the disclosure of the procedure and timeframe for investigating claims.

Earlier this year, Metalloinvest secured the top spot in the 2021 Russian Business Anti-Corruption Rating, overseen by the Russian Union of Industrialists and Entrepreneurs (RSPP). The Company became the only organisation without state involvement among the six companies that received an A1 rating, awarded to organisations with the highest anti-corruption level and with the lowest level of associated risks.

Note for Editors:

Transparency International - Russia is part of the international movement Transparency International, founded in 1993. The movement unites more than 100 independent organisations around the world.

100 top companies by revenue based on the annual RBC rating for 2020, operating in the Russian Federation, were selected for the study evaluating large business’s hotlines for anti-corruption whistleblowers.

According to the study’s results, Metalloinvest scored 7 out of 7 possible points with the average result being 3.8.

Transparency International - Russia study.

Anton Troshin

Anton Troshin

Corporate Communications Director
Tel.: +7 (495) 981-55-55

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