The Expert RA rating agency ranked Magnitogorsk Iron & Steel
Works PJSC among the leaders in its ESG-transparency rating of
companies and banks.
Commending MMK's work in non-financial reporting,
the experts awarded the Company top marks in all three criteria: E
(environmental), S (social) and G (governance). MMK's final score was
2.00, the highest possible score. At the conference titled "ESG
Transparency of Russian Companies: How to Achieve, Assess and Earn?"
held on November 17 in Moscow, MMK received a certificate and a
commemorative award from Expert RA for leadership in ESG transparency
among ferrous metals companies.
MMK has consistently worked to improve the
openness and transparency of its ESG reports: in 2021, detailed
information on MMK's sustainability performance was integrated into
the 2020 Annual Report. And in August this year, in addition to the
Annual Report, the company published its ESG Data Pack, a complete
database of the Company's sustainability performance over the past
five years. Anyone interested can find key data relating to MMK's
environmental, social and corporate governance performance on the
company's website.
"Today, indicators of sustainable development
play no less a role for a Company's reputation than financial
statements," said Pavel Shilyaev, CEO of MMK. "We pay a lot
of attention to the environment, social responsibility, transparency
of corporate governance and, of course, we are working to ensure that
the general public can clearly see the results of our activity in
this area. I am very pleased that our efforts are bearing fruit and
that experts appreciate MMK's openness in the area of sustainable
development."
Expert RA launched the annual ESG-transparency
ranking of companies and banks in 2021: it replaces the Annual
Reporting Contest, which was held until 2020. According to the
agency, the new ranking should become a convenient indicator system
for investors and issuers on best practices of ESG reporting and
provide access to consolidated information on the state of the
market.
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