NLMK Group, a global steel company, is proud to announce that Sustainalytics has upgraded its ESG risk rating to 28.1 (the lower the score, the better a company is at managing ESG matters). NLMK is currently ranked among the top 5 out of over 140 steel companies analyzed by Sustainalytics.
According to the agency's previously used methodology, an ascending scale of 0 to 100, NLMK's rating grew from 83 to 90 points.
The improvement in the rating has enabled the company to reduce the servicing fee for one of its lines of credit with interest rates tied to its ESG rating.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group's steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe, and the United States. The Company's steel production capacity exceeds 18 million tonnes per year.
NLMK's ordinary shares with a 20.7% free-float are traded on the Moscow Stock Exchange (ticker 'NLMK') and its global depositary shares are traded on the London Stock Exchange (ticker 'NLMK:LI'). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1.
OAO NLMK - Novolipetskiy Metallurgicheskiy Kombinat published this content on 24 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2021 08:38:01 UTC.