MSCI ESG Research upgrades NLMK’s ESG rating
NLMK Group, a global steelmaking company, is pleased to announce that following the August 2019 review of the MSCI ESG Ratings assessment, NLMK’s overall ESG score improved from BB to BBB (on an ‘AAA’ – ‘CCC’ scale, where ‘AAA’ is the highest score).
Previously, FTSE Russell confirmed that the Company remains a constituent of the FTSE4Good Index following the June 2019 review, upgrading NLMK’s ESG rating to 3.9 (from 3.2 in June 2018, 5.0 being the highest score).
Grigory Fedorishin, NLMK Group CEO and President, said: “We are pleased that our efforts in the sustainability area have been recognized by leading ESG rating agencies. Aspects of sustainable development are an integral part of NLMK Group’s development strategy, and we are committed to the best global ESG practices.”
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. In 12M 2018, the Company generated $12 billion in revenue and $3.6 billion in EBITDA. Net Debt/EBITDA stood at 0.25x. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and Expert RA.
NLMK’s ordinary shares with a 19% 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 information on NLMK Group, please visit our website.
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