Achieving the UN Sustainable Development Goals
102-12Modern society expects companies to be reliable, transparent, safe, and accountable in their business. This means organisations need to integrate the principles of sustainable development into their business strategies, which should further contribute to improvements in the efficiency and long-term sustainability of business.
Metalloinvest’s strategic goals are consistent with global trends in sustainable development, and the set of strategic initiatives that the Company is implementing not only helps to solve business problems, but also contributes to the achievement of the UN Sustainable Development Goals (UN SDGs).
The Company’s top sustainable development priorities involve ensuring employee safety, environmental protection and social responsibility throughout the entire value creation process:
- continuous efforts to reduce emissions and waste from in-house production;
- providing customers with raw materials that help to improve environmental impact;
- ensuring employees have safe working conditions, decent wages, vacation, and treatment;
- making a social contribution in our regions of operation (with the support and participation of local employees).
During the reporting period, Metalloinvest focused on the following UN SDGs: Goal 3 Good Health and Well-Being, Goal 8 Decent Work and Economic Growth, and Goal 9 Industry, Innovation, and Infrastructure. The Company covers a range of targets in Goals 1, 4, 5, 6, 7, 10, 11, 12, 16, and 17 as part of its Development Strategy.
Priority UN SDGs and Metalloinvest’s activities
| Targets within the SDG | Metalloinvest’s contribution |
|---|---|
| Goal 3. Ensuring healthy lives and promoting the well-being for all at all ages | |
| 3.4 By 2030, reduce by one third premature mortality from non-communicable diseases through prevention and treatment and promote mental health and well-being. | Metalloinvest employees were granted access to healthcare and health resort treatment. For more details, see the section Social Support for Employees.< A programme was implemented to reduce occupational morbidity among Metalloinvest employees by identifying early signs of occupational diseases (signs before symptoms appear)./span> Preventive measures were carried out to prevent the development of occupational diseases. For more details, see the section Employee Health. |
| 3.8 Achieve universal health coverage, including <…>access to quality essential health-care services <…>. | A strategy was implemented to improve the quality of healthcare for residents in the regions where the Company operates by providing access to medical services at the Company’s clinics. For more details, see the section External Social Programmes and Philanthropic Activities. |
| Goal 8. Promote inclusive and sustainable economic growth, employment, and decent work for all/strong> | |
| 8.2 Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors | The Company increased the output of iron ore and metallurgical products, including products with high added value, which is a resource for the further production of high-tech equipment, vehicles, etc. For more details, see the section Financial and Operational Results. A digital transformation programme was implemented as part of an ambitious initiative to automate key business processes as well as to find technological solutions that increase the efficiency and safety of production while simultaneously reducing environmental risks. For more details, see the section Company’s Approach to Innovation. |
| 8.3 Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation <…> | Metalloinvest implemented its development strategy, which aims to improve production efficiency through the introduction of strategic comprehensive programmes, digital transformation, and the optimisation of business processes and boost the productivity of employees and their well-being through their training and development. |
| 8.4 Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10-year framework of programmes on sustainable consumption and production, with developed countries taking the lead | The Company introduced best available technologies (BAT) in the stages of production facility construction and modernisation and took part in the drafting of scientific and technical reference guides to assist industry companies in reducing The Company’s covers a range of targets in Goals 1, 4, 5, 6, 7, 10, 11, 12, 16, and 17 as part of its Development Strategy. For more details, see the section Management of Environmental Responsibility. Production facilities were modernised and technological solutions were introduced to significantly improve the efficient use of resources (including water and electricity) and reduce the carbon footprint from their operation. For more details, see the sections Water Consumption and Protection, Emissions, Air Protection and Climate Strategy, and Energy Consumption and Efficiency. |
| 8.5 By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value | A responsible HR policy was built on the principles of equality and non-discrimination. Employees were provided with decent wages that exceed average wages in the regions of operation. For more details, see the sections Personnel Management System and Remuneration System. |
| 8.6 By 2020, substantially reduce the proportion of youth not in employment, education or training | The Company collaborated with specialised higher and secondary educational institutions and provided internship opportunities at its enterprises. Individual annual development programmes were implemented for young professionals in order to comprehensively develop the skills needed for their future careers. For more details, see the section Personnel Recruitment. |
| 8.8 Protect labour rights and promote safe and secure working environments for all workers <…> | Advanced technological solutions were introduced to enhance the efficiency of the occupational health and safety system, with a transition to automated processes in order to minimise the human error factor that may cause injury. Metalloinvest enterprises took steps to exchange experience in occupational health and safety among each other and with third-party companies to ensure the best practices. Internal corporate coaching projects were implemented to educate leaders about occupational health and safety. For more details, see the section Occupational Health and Safety. |
| Goal 9. Build resilient infrastructure, promote sustainable industrialisation, and foster innovation | |
| 9.1 Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all | The Company has invested in programmes to develop and maintain the development of social infrastructure in regions of operation, including medical, sports, health, educational and cultural institutions. For more details, see the sections Relations with Regions of Operation and External Social Programmes and Philanthropic Activities. |
| 9.2 Promote inclusive and sustainable industrialisation and, by 2030, significantly raise industry’s share of employment and gross domestic product <…> | Production volumes of high-quality iron ore and metallurgical products were consistently increased. The introduction of advanced digital solutions and improvements to the safety of production processes have made the metallurgical industry more attractive. For more details, see the sections Company’s Approach to Innovation and Financial and Operational Results. |
| 9.4 By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes <…> | See the description of the contribution to Target 8.4. |
| 9.5 Enhance scientific research, upgrade the technological capabilities of industrial sectors in all countries <…> | The Company engaged in scientific cooperation with MISiS National University of Science and Technology and conducted joint research in the scientific and technical laboratory. It also participated in the development of scientific and technical reference guides for BAT. For more details, see the sections Personnel Recruitment (p. 100) and Management of Environmental Responsibility. Research projects were implemented within the Company, in particular projects to find solutions to enhance energy efficiency. For more details, see the section Energy Consumption and Efficiency. |
For more details on the Company’s contribution to the achievement of other UN SDGs, see the Appendices.
