Russian steelmaker, Magnitogorsk Iron and Steel Works (MMK) – one of the world's largest steel producers and a leading Russian metals company – has been named as one of the World Wildlife Fund’s top 10 most environmentally responsible mining and metallurgic companies in Russia in 2017.
The company was ranked eighth, which is the highest achievement recorded for a Russian steelmaker, according to MMK. The results were presented at the UN office in Russia, on the eve of the 5th All-Russian Environmental Protection Congress on 11 December.
This is not the first time that MMK’s environmental initiatives have been recognised by the 'expert community', claims MMK. Previously, in a list prepared by the Living Planet TV channel and the Institute of Modern Media (MOMRI), MMK made the top 10 environmental enterprises in the Russian fuel and metallurgic sector for the first half of 2017.
According to MMK, the implementation of green technologies has been part of the company's long-term sustainable development strategy, which aims to continually reduce and prevent any harmful impact on the environment. In the period up to 2025, the company plans tol spend more than 35 billion roubles on its environmental policy. This year, it implemented a number of environmental projects, including the reconstruction of Sulphur Collection Unit No. 2 in the sinter plant and the installation of ventilation systems for the foundries of blast furnaces’ No. 9 and No. 10. Construction also began on a water recycling system, with the aim of reducing the amount of pollutants discharged into the Magnitogorsk reservoir.
The latest environmental rating includes the 33 biggest mining and metallurgic companies in Russia. It enables a comparison between the companies in the sector based on their environmental responsibility and the scale of their environmental impact, including biodiversity. The rating, claims MMK, also represents the dynamic changes currently taking place in the industry as a whole.
The study was based on publicly available data and the rating assessed the companies’ transparency and how they publicise information concerning the environment.
• Environmental responsibility rating in the mining and metallurgic sector was prepared by the National Ratings Agency on behalf of World Wildlife Fund (WFF) Russia, as well as a project by the United Nations Development Program (UNDP), the Global Environment Facility (GEF) and the Ministry of Natural Resources and Environment of Russia named “Mainstreaming biodiversity conservation into Russia’s energy sector policies and operations”. The purpose of the rating was to increase corporate responsibility for mining and metallurgical companies and to create for stakeholders an effective feedback mechanism for the industry.