NLMK Group improves its WWF Environmental Transparency Rating
NLMK Group has improved its standing in the World Wildlife Fund (WWF) Russia and National Rating Agency’s Environmental Transparency Rating of Mining & Metals Companies. NLMK ranked sixth, improving its standing by three positions compared to 2019.
This year, the project brought together 40 of the largest metals and mining companies in Russia. The ranking is based on the assessment of the companies' environmental management, environmental impact and completeness of information disclosure.
Environmental protection is a cornerstone of NLMK Group's sustainable development policy. Since 2000, the company has invested over $1.3 billion in environmental activities. Over the past five years, the company has reduced its CO2 emissions per tonne of steel by 3% (from 2.04 t in 2015 to 1.98 t in 2019) and aims to further reduce them to 1.91 t (another 3.5%) by 2023.
Continuous improvements in environmental and climate protection contribute to strengthening the company's position in the international ESG rankings. In 2020, Sustainalytics, an international agency improved the company's rating compared to the previous year.
Nikita Vorobyev, NLMK Group Director of Environmental Affairs, said: “Responsible management of the environment is the cornerstone of NLMK's activities. We are also committed to maximum transparency. We disclose environmentally relevant information about our activities to a wide range of stakeholders. This supports our consistently high standing in the World Wildlife Fund ranking.”
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 wind turbines.
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 a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 20.7% 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.
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