Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and safety
• People
• Environment
• Communities
• Stakeholder engagement
• Sustainable development

Environmental Achievements

• Spent US$511 million on environmental initiatives, a 14% increase year-on-year. Completed auxiliary work for the modernization of the Ilyich Steel sinter plant, reducing dust emissions by 90% and sulfur dioxide emissions by 46%. Upgraded gas cleaning facilities at Ilyich Steel blast furnaces, cutting dust emissions by over 65%. Increased share of scrap consumed by steelmakers to 20%, up 1 percentage point year-on-year.
• Direct CO2 emissions intensity of steelmakers fell by 6% year-on-year to 2.17 tonnes of CO2 per tonne of crude steel production.

Social Achievements

• Expanded safety roadmap to cover new critical risk areas and rolled out programs at newly acquired assets. Revised approach to on-site risk assessment. Continued to apply health and safety motivation tools. Provided professional development opportunities for specialists. Implemented the Safe Workspace program, assessing over 7,000 workspaces and identifying over 150,000 hazards.
• Implemented several key initiatives to develop corporate culture, including enhancing talent management and creating an integrated communication system. Integrated thousands of new employees from recently acquired assets. Launched a gender equality dashboard to monitor diversity metrics. Expanded My Choice program, offering individualized social packages to over 62,000 employees.
• Spent US$5 million on human development through expanded training programs. 47,503 employees engaged in internal training, receiving an average of 64 hours of training.

Governance Achievements

• MSCI ESG rating improved from 'B' to 'BB'. Sustainalytics ESG Risk Rating improved to 31.8 (later to 30.3). Robust policies and practices in business ethics, health and safety, and labor management noted by rating agencies.
• Signed the World Steel Association’s Sustainability Charter.

Climate Goals & Targets

Environmental Challenges

• Workplace injuries and fatalities. Inconsistent application of certain risk management tools. Environmental impact from operations, including air pollution, wastewater discharges, and waste generation. Increased scrutiny from stakeholders. Climate change and increased legislative requirements to accelerate the transition to a low-carbon economy. Corporate fraud, commercial bribery, and information security risks.

Mitigation Strategies

• Expanded occupational health and safety roadmap, rolled out programs at new assets, revised on-site risk assessment approach, applied health and safety motivation tools, provided professional development, piloted contractor safety assessment methodology.
• Applied the precautionary principle when planning investment projects, implemented technical measures to reduce environmental impact, monitored compliance with regulatory requirements, took initiatives to increase energy efficiency, made progress on Green Centre projects.
• Monitored compliance with corporate policies and procedures, introduced Code of Business Partnership, ensured access to Trust Line, promoted awareness of business ethics and anti-corruption, revised approach to corruption and fraud risk, conducted mandatory anti-corruption verification, performed internal security screenings.
• Implemented organizational and technical measures to protect information security, analyzed security of IT resources, conducted audits for compliance, implemented measures for remote work safety, organized training to prevent phishing attacks.
• Worked to develop a long-term decarbonization roadmap, partnered with leading companies in green steelmaking, followed best practices for GHG emissions calculation and disclosure.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Business Partnership

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Increased legislative requirements to accelerate the transition to a low-carbon economy

Opportunities

• Development of low-carbon steel production technologies

Reporting Standards

Frameworks Used: GRI, UN Global Compact

Certifications: ISO 14001, ISO 45001, ISO 50001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 11 (Sustainable Cities and Communities)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)

Metinvest focused on these SDGs through initiatives related to health and safety, employee development, community support, operational efficiency, environmental impact reduction, and partnerships for low-carbon steel production.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• My Choice won the Rewards and Recognition nomination at the all-Ukrainian HR Pro Awards 2021
• STEAM-CAMP Leadership Educational Programme was a finalist in the “Society” category of the UN Global Compact Partnership for Sustainability Award 2021 in Ukraine
• Khortytsia Island was recognised at the Ukraine Tourism Awards 2021 and the Epica Awards 2021
• Metinvest Trametal named in Financial Times’ Europe’s Climate Leaders