Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Value Creation
• Protection and Improving the Environment
• Development of Human Capital and Community
• Social Responsibility Management

Environmental Achievements

• Developed landscape in industrial and marginal spaces of production buildings.
• Implemented fume collecting system in Bardsir Steel Complex to reduce air pollution.
• Implemented bioleaching tank technology in Iranian Babak Copper Company for environmentally friendly copper production.
• Established 9 sanitary treatment plants to prevent groundwater pollution.
• Reduced water consumption per ton of concentrate in Sirjan Iranian Steel Company from 1.2 cubic meters to 0.6 cubic meters.
• Implemented Coal dry quenching system (CDQ) in Zarand Iranian Steel Company to reduce water consumption and generate electricity.

Social Achievements

• Aided medical centers and hospitals with equipment and necessities to manage Covid-19.
• Reduced the frequency and intensity rate of accidents at Midhco.
• Provided direct and indirect aid to the local community.
• Launched a health mask production line to meet societal needs during the Covid-19 pandemic.
• Implemented various welfare programs for employees and their families, including the MidhcoCard.
• Implemented a suggestion system to increase employee participation in improving the work environment.

Governance Achievements

• Established an integrated management system for social responsibility.
• Implemented Midhco comprehensive integrated information approach (MIDRP) project to improve decision-making.
• Established a Risk Committee to manage various risks.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic and its widespread economic and social consequences.
• Reduction in the country’s economic growth.
• Supply chain disruptions due to the Covid-19 pandemic.
• Fluctuations in the prices of materials and mineral products.
• Increase in the price of input resources.
• Exchange rate changes, monetary value, and inflation.
• Changes in laws and legal requirements.
• Increased demand for associated mineral reserves.
• Risk of supplying raw materials.

Mitigation Strategies

• Managed risks resulting from the Corona pandemic.
• Successfully completed production plans and projects.
• Implemented risk management policies and promoted safety and health in companies.
• Financing from beneficiaries, gradually increased and made available according to project needs.
• Negotiations with project contractors, providing resources in the form of financing, usance, and foreign exchange facilities.
• Plans provided from processing plan sources of the Ministry of Industries and Mines.
• Issuance of participation bonds.
• Prioritizing implementation of production lines that could be put into operation sooner.
• Signing long-term contracts for raw material supply.
• Investing in mining operations in other countries.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI4

Certifications: ISO 45001:2018, ISO 14001:2015, ISO 9001:2015, ISO 13485

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• Goal 6: Clean Water and Sanitation
• Goal 7: Affordable and Clean Energy
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 10: Reduced Inequalities
• Goal 11: Sustainable Cities and Communities
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action
• Goal 15: Life on Land
• Goal 16: Peace, Justice and Strong Institutions
• Goal 17: Partnerships for the Goals

Midhco considers the goals of sustainable development as a guide in orienting the policy of social responsibility.

Awards & Recognition

• Golden Statue of National Award for Organizational Excellence
• Golden statue of social responsibility management
• Bronze statue of social responsibility management
• Top export company
• Presence of Midhco and its subsidiary companies in the fifth model of social responsibilities of the Iranian Management Association

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced air pollutants through investments in pollution control technologies (filters, scrubbers, emission control systems)
• Created over 5,911 hectares of green space, exceeding legal requirements
• Implemented Coke Dry Quenching (CDQ) project to reduce energy consumption
• Implemented HYL3 technology in Butia Steel Factory to reduce energy consumption
• Reduced water consumption through new irrigation technologies and wastewater reuse

Social Achievements

• Created numerous job opportunities in local communities
• Improved schools and infrastructure in host communities
• Supported local businesses and entrepreneurship
• Implemented social responsibility programs in Kooh Sorkh to create sustainable employment and increase rural household income
• Provided humanitarian aid, including oxygen to hospitals during the COVID-19 pandemic

Governance Achievements

• Established a comprehensive Health, Safety, Environment, and Community Management System (HSEC-MS)
• Implemented a corporate governance approach with various interaction, reporting, and control mechanisms
• Established a Social Responsibility Committee to manage social responsibility and policy-making
• Developed a business code of conduct based on organizational values
• Implemented a risk management system using ISO 31000 and COSO ERM approaches

Climate Goals & Targets

Environmental Challenges

• Sanctions limiting access to new technologies and equipment
• Reduced access to energy and iron ore
• Increased fuel and energy prices
• Decreased iron ore production in Iran and nearby regions

Mitigation Strategies

• Investing in the development of low-carbon technologies (solar panels, hydrogen production)
• Conducting studies on renewable energy use and increasing solar electricity production
• Establishing an energy management system and optimizing production processes to reduce consumption and waste

Supply Chain Management

Responsible Procurement

• Supplier Code of Ethics

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001

Awards & Recognition

• Management Social Responsibility Award
• Knowledge Management Award
• Organizational Excellence Award
• Mines and Mineral Industries Productivity Award