MMK among world's best steel companies in terms of sustainability

MMK was one of three Russian companies included in the Sustainability Yearbook 2022, a ranking of global companies that have achieved outstanding results in sustainable development, compiled by the respected international rating agency S&P Global.

S&P Global's independent experts assessed the performance of more than 7,500 companies around the world based on sustainability reports and other documents published between April 2021 and January 2022. MMK was the only Russian ferrous metallurgy company to feature in the final rating, ranking among the world's top 11 steel companies.

In compiling the rating, experts took into account environmental, social policy and corporate governance performance, paying particular attention to the quality of corporate non-financial reporting. S&P Global also noted that an important factor in the assessment was safety in the workplace, both for employees and contractors.

MMK adheres to the principles of sustainable development in all aspects of its operations. The Company consistently reduces its carbon footprint and emissions, helps develop the region where it operates and ensures the social well-being of its residents, and guarantees the transparency and accountability of its corporate governance. In addition, MMK regularly publishes as much information as possible about its work, including information about the Company’s sustainable development, in documents such as annual reports as well as the ESG Data Pack, which can be easily found on MMK's website.

"It is a great honour for us to be included among the world's best steel companies in the Sustainability Yearbook rating," commented Sergey Nenashev, MMK's Director for Strategy and Development. "MMK does a lot to ensure environmentally friendly production, transparency of corporate governance and social support for employees and residents of the places where we operate. We will continue to improve our practices in all these areas, and we hope to uphold our strong performance in both national and international ratings."