0SJQ Severstal' Pao

 
 PAO Severstal (SVST) 
Severstal's MSCI ESG rating upgraded to 'B' 
 
22-Dec-2020 / 16:46 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                Severstal's MSCI ESG rating upgraded to 'B' 
 
PAO Severstal, one of the world's leading vertically integrated steel and 
mining companies, announces that MSCI has revised its ESG rating upwards 
from 'CCC' to 'B' in its latest assessment. 
 
The upgrade comes as a result of marked improvements in the 'Ecology' 
section of MSCI's assessment, and the Company's progress was also noted in 
the areas of 'Climate Change', 'Water Resources Management', 'Biodiversity' 
and 'Emissions and Waste'. 
 
MSCI's ESG (environmental, social and governance) rating includes over 8,500 
companies globally and is designed to assess the long-term resilience of a 
company to ESG risks. Detailed information on the MSCI ESG rating is 
available here. 
 
The ratings upgrade is further indication of the significant sustainability 
progress made by the Company in 2020, having launched its enhanced 
greenhouse gas emissions reduction strategy and invested 1.34 billion rubles 
in environmental activities in the first half of 2020. This has resulted in 
improvements in other ESG ratings assessments, with the Company receiving 
improved scores from Sustainalytics and SAM S&P, as well as being included 
in the FTSE4Good index as a result of enhanced sustainability performance. 
 
Alexander Shevelev, CEO of Severstal, commented: 
 
"The improvement to our MSCI ESG rating is a testament to the significant 
work done by Severstal to further enhance its performance against different 
ESG metrics, and demonstrates the Company's desire to be as open and 
transparent as possible in its ESG disclosure. This has also been reflected 
in the positive response we have received from the investment community this 
year. We hope that our efforts will continue to be reflected through 
improved sustainability ratings in the future and to become an industry 
leader in these assessments. For us, as a socially responsible company, 
making a positive contribution to the lives of future generations is of 
utmost importance." 
 
A year of environmental progress 
 
In July 2020, the Board of Directors of Severstal approved a public goal of 
reducing greenhouse gas emissions by 3% by 2023 compared with 2020 levels, 
and the Company is also working on a long-term climate strategy. In 
addition, Severstal is implementing a broad programme to reduce its 
environmental impact through a large-scale environmentally-oriented 
refurbishment of its main assets. In December, the Company launched the 
first block of coking coal battery No. 11 designed using the latest 
technological developments in the field of environmental protection, and in 
the near future the Company plans to commission blast furnace No. 3 guided 
by a unique approach which will help to mitigate its negative effects on the 
environment. Severstal also has a new overarching goal of reducing 
atmospheric emissions at its operations by 13% by 2025. In 2019, the 
Company's investments in environmental projects amounted to about 750 
million rubles, and by the end of the first half of 2020, the Company had 
already invested 1.34 billion rubles in environmental activities. 
 
Continued ESG ratings improvements 
 
Previously in 2020, the Company has also reported an improvement in its 
performance in other ESG ratings assessments. Sustainalytics reduced the 
risk level assigned to the Company from 39.1 points in 2019 to 34.7 (a lower 
number equates a lower risk level). With this reduction in risk level, 
Severstal entered the top 10% of steel companies globally for minimizing ESG 
risks, ranking 14th out of 140. In SAM S&P's (formerly RobecoSAM) corporate 
sustainability rating, Severstal's score increased by 7 points, from 41 to 
48 points (out of 100 possible), meaning the Company is ranked 15th for its 
ESG rating among global metallurgical companies. The FTSE Russell ratings 
agency also confirmed the Company's position in the FTSE4Good index as a 
result of the latest ratings revision for the Company, which was raised to 
3.5 from 3.0 in 2019, out of a maximum possible score of 5. 
 
For further information, please contact: 
 
Severstal Investor Relations 
 
Evgeny Belov 
 
T: +7 (495) 926-77-66 
 
evgenii.belov@severstal.com 
 
Severstal Public Relations 
 
Anastasia Mishanina 
 
T: +7 (495) 926-77-66 
 
anastasia.mishanina@severstal.com 
 
                                    *** 
 
 P?? Severstal is one of the world's leading vertically integrated steel and 
   steel related mining companies, with assets in Russia, Latvia and Poland. 
   Severstal is listed on RTS and MICEX and the company's GDRs are traded on 
  the LSE. Severstal reported revenue of $8,157 million and EBITDA of $2,805 
    million in 2019. Severstal's crude steel production in 2019 reached 11.8 
                                       million tonnes. www.severstal.com [1] 
 
ISIN:          US8181503025 
Category Code: MSCL 
TIDM:          SVST 
LEI Code:      213800OKDPTV6K4ONO53 
Sequence No.:  90186 
EQS News ID:   1156990 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=4b15f91445f21bf7bba524c68c1bddc7&application_id=1156990&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 22, 2020 08:47 ET (13:47 GMT)

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