OREANDA-NEWS. May 29, 2012. Metinvest, an international vertically integrated group of companies working in the sector of mining and metals, consolidated the results of the joint efforts of its enterprises in terms of sustainable development. Investments into the implementation of social, sponsorship, charitable and corporate programs in the areas of presence in 2011 comprised over UAH 3.7 bln., of which health and safety expenses comprised UAH 1 bln., environmental activities – UAH 2.6 bln. Investments into the social partnership programs – UAH 78.6 mln., infrastructure investments in 2011 comprised UAH 25.7 mln.

The concept of social responsibility of Metinvest is based on the integration of social, economic and environmental principles of sustainable development into the Company’s strategy and operations.

Major indicators as of 2011:

Labour conditions

Decent labour conditions and stable growth of employee’s salaries are the priority objectives for Metinvest Group. Such approach will allow attracting the best specialists and develop the HR potential of the company. Total volume of labour expenses of Metinvest enterprises in 2011 exceeded UAH 7.6 bln. and vs. 2010 grew by over 50% due to the increased number of assets and general growth of salaries in the company, which in 2011 exceeded 25%. Salaries growth rate at the Ukrainian enterprises of the Group is by over 40% ahead salaries growth across Ukraine (17.6%, according to the information of the State Authority).

Safety and environment

Consolidated Health and Safety investments at Metinvest enterprises comprised UAH 1.03 bln. (plus36% vs. 2010). Environmental expenses comprised UAH 2.59 bln. (plus21% vs. 2010).

Social partnership programs

An important component of the social strategy is improvement of the living standards and quality of life in the areas of the company presence. The investments into the social partnership programs and cooperation with NGOs in the areas of presence is one of the most efficient mechanisms of social investing. In 2011 the investments into social partnership comprised UAH 78.6 mln. (plus48% vs. 2010).

Development of infrastructure in the cities of presence

The investments into socially significant city infrastructure in 2011 comprised UAH 25.7 mln. (plus3% vs. 2010).