MMK recognised as one of WWF Russia’s Top Ten most environmentally responsible companies
MMK came eighth place in a list, which is the highest achievement for Russia’s iron and steel companies. The results of the study were presented at the UN office in Russia, on the eve of the 5th All-Russian Environmental Protection Congress on 11 December.
The environmental rating includes the 33 biggest mining and metallurgic companies in Russia. It enables a comparison between the companies in the sector based on their environmental responsibility and the scale of their environmental impact, including biodiversity. The rating also represents the dynamic changes currently taking place in the industry as a whole. Moreover, because the study was based on publicly available data, the rating assessed the companies’ transparency and how they publicise information concerning the environment.
This is not the first time that MMK’s environmental initiatives have been recognised by the expert community. Previously, in a list prepared by the Living Planet TV channel and the Institute of Modern Media (MOMRI), MMK was placed in the Top Ten environmental enterprises in the Russian fuel and metallurgic sector for the first half of 2017.
As part of the long-term and sustainable development of the company, MMK’s strategy focuses on implementing the best available technologies in order to continually reduce and in turn prevent any harmful impact on the environment. In the period up to 2025, MMK will spend more than 35 billion roubles on its environmental policy. In this year alone the company implemented a number of environmental projects. In particular, the reconstruction of Sulphur Collection Unit No. 2 in the sinter plant and the installation of ventilation systems for the foundries of blast furnaces’ No. 9 and No. 10. Construction also began on the MMK water recycling system, with the aim of reducing the amount of pollutants discharged into the Magnitogorsk reservoir.
Environmental responsibility rating in the mining and metallurgic sector was prepared by the National Ratings Agency on behalf of World Wildlife Fund (WFF) Russia, as well as a project by the United Nations Development Program (UNDP), the Global Environment Facility (GEF) and the Ministry of Natural Resources and Environment of Russia named “Mainstreaming biodiversity conservation into Russia’s energy sector policies and operations”. The purpose of the rating was to increase corporate responsibility for mining and metallurgical companies and to create for stakeholders an effective feedback mechanism for the industry.
MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing complex encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2016, the company produced 12.5 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2016 of USD 5,630 million and EBITDA of USD 1,956 million.
Investor Relations Department:
Andrey Serov, Head of IR
tel.: +7 (3519) 24-52-97
tel.: +7 (499) 238-26-13
tel.: +7 (499) 238-26-13