NLMK Group named worldsteel Sustainability Champion
The World Steel Association (worldsteel) has named NLMK Group a Sustainability Champion. The title is awarded annually to steel companies that have proven their commitment to the principles of sustainable development, and is the main industry award in the field.
Contenders are evaluated based on their performance on such indicators as the use of recycled materials, atmospheric emissions, injury rates, investment in employee training and investment in new products and processes that support sustainable development, etc.
In 2020, NLMK Group also joined Step Up, worldsteel’s decarbonisation programme, which aims to reduce the industry’s environmental impact, and prepared data on the life cycle of the resources it uses in the production process (life cycle inventory).
The Company’s high recognition was also prompted by the fact that NLMK was shortlisted for the Excellence in Sustainability nomination at the worldsteel Steelie Awards. NLMK Group reached the finals with its slag processing project at NLMK Lipetsk, which enabled recovering 25 hectares of its territory, processing 6 million tonnes of secondary raw material, and reducing greenhouse gas emissions by 85,000 tonnes.
Worldsteel initiated its Sustainability Champions Programme in 2018 in order to support steel companies in their efforts in the field of environmental protection, social policies, and corporate governance.
For more detail on NLMK Group’s sustainability indicators and achievements, please follow the 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 RAEX (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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