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- NLMK Joins UN Global Compact
NLMK Joins UN Global Compact
NLMK Group (LSE: NLMK; MOEX: NLMK) is pleased to announce that it has joined the United Nations Global Compact, the world’s largest sustainable development and corporate social responsibility initiative.
As a participant of the UN Global Compact, NLMK Group voluntarily commits to align its operations and strategy with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of the Sustainable Development Goals. The Group will report on its progress in the sustainable development area on an annual basis.
Launched in 2000, the UN Global Compact has more than 13,000 participants based in over 160 countries, and more than 80 Local Networks.
Grigory Fedorishin, NLMK Group CEO and President, said:
“Joining the UN Global Compact initiative is further evidence of commitment to our strategic goal of being a leader in sustainable development.”
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 the most 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 0.25х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and RAEX (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"). 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.
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