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Economic contribution
Financing for social programmes is a key prerequisite of their efficiency. The Company is focused on projects that ensure tangible improvement of the quality of life for people in the regions in which it operates.
NLMK consistently finances programmes aimed at promoting education, healthcare, and culture. Promotion of sport is an important area for the Company, including for children.
Key areas of social investment:
- Promotion of education and culture
- Work with children and young people
- Charitable activities
- NLMK Group’s social investment at its Russian sites totalled 3.0 million rubles ($44 million) in 2016.
Investment in social projects and regional development over the last 3 years
| Year | $ million |
|---|---|
| 2014 | 75 |
| 2015 | 54 |
| 2016 | 44 |
Investment in social projects and regional development in 2016
| Investment in social projects and regional development | Share, % |
|---|---|
| Sport | 12% |
| Healthcare | 43% |
| Education | 14% |
| Culture | 5% |
| Work with children and young people | 6% |
| Charitable activities | 20% |