NLMK Group tops sustainable development rating for Russian steel companies
NLMK Group, a global steel company, ranked first in the sustainable development rating for Russian steelmaking companies compiled by RAEX-Europe. This rating assesses the leading Russian companies in the industry based on their 2019 performance.
The agency noted NLMK Group’s high level of disclosure across all three sustainable development areas (ESG – environmental, social, and corporate governance). RAEX-Europe highlighted the Company’s achievements in resource saving (the share of water supply in a closed-loop system is at a consistently high level: 97%) and reducing the injury rate (since 2013, LTIFR decreased by over 50%). The Company’s greenhouse gas emissions are significantly below the industry average, which also contributed to the high rating.
NLMK Group’s latest ESG presentation is available via this 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 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 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 NLMK Group’s photos and corporate videos, please visit our media library.
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