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Metinvest Presents Second Social Report
08/29/2011 - Metinvest presented its Social Report as of 2009-2010, prepared in accordance with В+ level of the international Global Reporting Initiative standard, and the principles of the UN Global Compact.
Metinvest presented its Social Report as of 2009-2010, prepared in accordance with В+ level of the international Global Reporting Initiative (GRI) standard, and the principles of the UN Global Compact. The report was audited by Ernst & Young.
The report describes the company’s achievements in social investments, fulfillment of its obligations before the employees, local communities, areas of presence, the state and society, as well as highlights implementation of the social programs. Metinvest's social activity involves opinions of all stakeholders, including clients and partners. The report includes a section about Products Quality, which informs about the new quality management instruments and customer support mechanisms.
The document reflects the priorities and achievements of the company in regard to the environment, health and labor safety, description of the corporate standards aimed at hazard prevention, production process risk assessment and mitigation, and raising responsibility of the contractor organizations. Comprehensive Health Management Strategy was also implemented at the Group's enterprises in 2010.
“We are striving for developing the social responsibility first of all because of moral and ethical norms, as well as due to the recognition of the fact that in the 21st century a business can only survive when it is capable of operating safely and producing a minimum environmental footprint,” said Igor Syry, CEO of Metinvest Group. “We are considering our investments in protecting people and the environment as the investments into the future. We are striving to build a corporate culture in which every employee will feel the ownership of the common cause, and approach the set objectives responsibly.”
Metinvest is an international vertically integrated mining and steel company owning 24 assets in Ukraine, Europe, and the United States and managing each link of the production chain—iron ore and coal mining and coke production through to semi-finished and finished steel production, including the manufacturing of plate and coil, pipe rolling, shapes and bars, and other value-added products.
