Metinvest presents its first Social Report

Metinvest presents its first Social Report. The first Social Report of Metinvest was prepared in accordance with the Global Reporting Initiative (GRI).

The Report reflects major initiatives in priority areas of socially responsible activities of the Company in 2008. The document demonstrates a systematic approach to tackling the issues of the Company’s sustainable development. The Report has been developed with self-declared Application Level as C.

The Report reflects significant events of 2008 and major social activities of the Company: health, safety and environment, social protection and personnel development, local community development.

The Report covers eight enterprises of the Group representing core production areas of Metinvest in Ukraine (iron ore and coal mining, steel making, production of iron ore materials, coke, rolled products and pipes), and by very nature of its activity having a significant effect on environment and local communities in the areas of presence.

The Document emphasizes industrial and environmental safety, because monitoring and continuous life and health risks mitigation activities remain the Company’s priority. Since the date of its foundation, the Company has been making comprehensive, systematic and targeted efforts to improve those areas. We are confident that the measures being undertaken will enable to develop a new culture of behavior at production site, which will allow Ukraine becoming one of the leader-countries in the field of occupational safety assurance.

This is the first Social Report of the Group that has been developed and prepared in accordance with the GRI (Global Reporting Initiative) Sustainability Reporting Guidelines. The Report has been developed with self-declared Application Level as C. The first Social Report reflects the Company’s efforts to integrate sustainable development principles into core operations of Metinvest Group effectively.

“Our work is based on understanding and resolving serious social issues in the areas of our business presence. Big business must be socially responsible and continuously improve its transparency. We think that this Report gives us an opportunity to reach a new level of the dialog with all stakeholders” – said Igor Syry, the CEO of Metinvest Holding, LLC

In the view of the industry’s nature and long-term character of Metinvest’s social projects, further social reporting of the Group will be issued biannually (the next reporting year is 2010).

Briefingnote: 

Social Report of Metinvest Group is a public document to inform the employees, local communities, business partners, shareholders and other stakeholders about socially responsible activities of the Group.

The report includes information on eight enterprises of the Group: JSC Severniy Mining and Processing Works (SevGOK OJSC), JSC Central Mining and Processing Works (CGOK OJSC), JSC Ingulets Mining and Processing Works (InGOK OJSC), JSC Krasnodonvugillia Coal Mining Company, JSC Avdiivka Coke & Chemical Works (AKKhZ OJSC), Azovstal I&SW OJSC, JSC Yenakiieve Metallurgical Works (EMZ OJSC), JSC Khartsyzsk Tube Works (KhTW OJSC).

Metinvest is an international vertically-integrated mining and metals company. Production facilities of Metinvest allow the enterprises both to satisfy their own needs in raw materials, liquid steel and semi-finished products and to be a key supplier for many other Ukrainian and European companies, as well as Asian businesses.
The shareholders of Metinvest Group are SCM Group (75%) and Smart Holding (25%) that manage the company on the partnership principle.

Metinvest Holding is the managing company of Metinvest Group.