NLMK Group, an international steel company with operations in Russia, the USA and the European Union, expands the perimeter of its ‘Steel Tree’ environmental programme, and announces the launch of target grant allocation to local communities and NGO’s in Lipetsk Region, Stary Oskol (Belgorod Region) and Zarinsk (Altai Krai), where NLMK’s key companies are located.
The ‘Steel Tree’ programme of environmental initiatives was launched at the beginning of 2017. It enabled NLMK Lipetsk employees to execute more than ten community-oriented environmental initiatives of their own with the financial support of NLMK’s ‘Miloserdiye’ charity fund and methodological assistance from company specialists.
In 2018, the environmental initiative competition will be open not only to employees, but to local residents and NGO’s as well. To take part, please sent your application containing a description of your project before 28 February 2018 to firstname.lastname@example.org. The competition committee, comprised of Charity Fund representatives, NLMK Group and local administration officials, will select the winners that are going to receive grants of up to 300,000 rubles (~$5,100), methodological and organizational support.
Viktor Togobetsky, NLMK Group Vice President for Occupational Health, Safety and the Environment, said:
“The idea of the ‘Steel Tree’ is to engage proactive and motivated individuals by offering them the opportunity to execute their environmental ideas for the benefit of the community. NLMK Group and ‘Miloserdiye’ Charity Fund have only launched the programme last year, and its participants have already executed more than ten important environmental projects. That means the ideas are there, the proactive people are there, so all we need to do is provide support. And that’s precisely what we do as a socially responsible business.”
Ecology48 environmental portal (www.ecology48.ru) was selected as the communication platform for the ‘Steel Tree’ programme. All information about the competition will be posted on the ‘Miloserdiye’ Fund’s Vkontakte page.
As part of the ‘Steel Tree’ programme in 2017, participants of NLMK’s ‘Young Leader’ corporate competition conceptualized and executed 11 environmental projects, including amelioration of the Matyr reservoir, cleaning of the Nizhny Park drainage system, installation of solar batteries on a multi-apartment residential building, creation of a graffiti art object, green belt clean-up and tree planting, revival of the recreational area at Syrskoye village, organization of an eco-quest and an eco-festival of intellectual games.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 9M 2017, the Company generated $7.25 billion in revenue and $1.87 billion in EBITDA. As of 30 September 2017, Net debt/EBITDA stood at 0.3х. The company has an investment grade credit rating from S&P and Fitch.
NLMK’s ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.
NLMK Group received the Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.
NLMK Group’s photos and videos are available for downloading from our mediabank at https://media.nlmk.com/en/