18 April 2012
Metinvest, an international vertically integrated group of companies working in the sector of mining and metals, consolidated the results of the joint efforts of its enterprises in terms of sustainable development. Investments into the implementation of social, sponsorship, charitable and corporate programs in the areas of presence in 2011 comprised over UAH 3.7 bln., of which health and safety expenses comprised UAH 1 bln., environmental activities – UAH 2.6 bln. Investments into the social partnership programs – UAH 78.6 mln., infrastructure investments in 2011 comprised UAH 25.7 mln.
The concept of social responsibility of Metinvest is based on the integration of social, economic and environmental principles of sustainable development into the Company’s strategy and operations.
Major indicators as of 2011:
Labour conditions
Decent labour conditions and stable growth of employee’s salaries are the priority objectives for Metinvest Group. Such approach will allow attracting the best specialists and develop the HR potential of the company. Total volume of labour expenses of Metinvest enterprises in 2011 exceeded UAH 7.6 bln. and vs. 2010 grew by over 50% due to the increased number of assets and general growth of salaries in the company, which in 2011 exceeded 25%. Salaries growth rate at the Ukrainian enterprises of the Group is by over 40% ahead salaries growth across Ukraine (17.6%, according to the information of the State Authority).
Safety and environment
Consolidated Health and Safety investments at Metinvest enterprises comprised UAH 1.03 bln. (+36% vs. 2010). Environmental expenses comprised UAH 2.59 bln. (+21% vs. 2010).
Social partnership programs
An important component of the social strategy is improvement of the living standards and quality of life in the areas of the company presence. The investments into the social partnership programs and cooperation with NGOs in the areas of presence is one of the most efficient mechanisms of social investing. In 2011 the investments into social partnership comprised UAH 78.6 mln. (+48% vs. 2010).
Development of infrastructure in the cities of presence
The investments into socially significant city infrastructure in 2011 comprised UAH 25.7 mln. (+3% vs. 2010).
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METINVEST GROUP is a vertically integrated steel and mining group of companies, managing every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. The Group comprises steel and mining production facilities located in Ukraine, Europe and the USA and has a sales network covering all key global markets. Metinvest Group is structured into two operating divisions: Metallurgical and Mining Divisions and has a strategic vision to become the leading vertical integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns at above the industry benchmarks. The major shareholders of the Company are METINVEST B.V. (a holding company of Metinvest Group) are SCM Group являются (71.25%) and Smart-Holding (23.75%), partnering in Company’s management.
METINVEST HOLDING, LLC is the managing company of Metinvest Group.