FTSE Russel upgrades NLMK’s ESG rating
NLMK Group, a global steel company, announces today that the FTSE Russel agency has revised NLMK’s FTSE4Good rating upwards from 3.4 to 4.3 (with a maximum of 5.0) following its regular review. With this new rating, NLMK Group now ranks among the top 3% of steelmaking companies with the most sustainable practices (outstripping 97% of participating companies).
Matters of sustainable development are integrated into NLMK’s long-term strategy. The Company’s performance is reflected in its high standings in ESG ratings. Earlier in 2021, NLMK Group received the high B- grade from the Carbon Disclosure Project (CDP), the leading global organization for rating companies’ climate sustainability. In addition, NLMK Group ranked among the top 3 companies in the WWF Environmental Transparency Rating. In 2021, Sustainalytics increased NLMK’s sustainability rating — the Company is currently among the 10 best steelmaking companies of the 140 that the agency analyses. In the Forbes Best Employers Rating, NLMK received the highest grade in the Environment section. In 2021, the World Steel Association awarded NLMK Group the title of Sustainability Champion.
For the latest version of NLMK’s sustainability presentation, please follow the link.
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 cash cost among global manufacturers and one of the highest profitability levels in the industry. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and 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.
For more details on NLMK Group, please visit our website.
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