OREANDA-NEWS. November 29, 2012. The SCM Group is pleased to announce its social responsibility performance for January-September 2012 consolidated for non-financial report.

SCM Group businesses paid over UAH 21 billion in taxes and duties to local and national budgets.

The gross salary across the Group made over UAH 13 billion, and the average salary amounted to UAH 5,051 as of Q3 2012.

Investments in production upgrade equalled UAH 12.53 billion.

Social investments amounted to UAH 4.5 billion, including:

- environmental investment - UAH 2.44 billion

- investment in health and safety - UAH 1.3 billion

- investment in employee development - around UAH 0.5 billion.

“Creating safe and comfortable working conditions and modernising our production facilities continuously belong to our priorities as these actions are important for the development of SCM, cities and towns where our businesses operate and for the development of the whole Ukrainian economy. Despite the current challenging economic situation, we consistently invest in these areas. We are going to summarise our final results at the end of the year yet today we can say that over the first three quarters of 2012 we have invested over UAH 17 billion in modernisation of production facilities and social programmes,” said Oleg Popov, SCM's chief executive officer.

System Capital Management (SCM) is a professional investor, the managing company of the biggest Ukrainian financial and industrial group focusing on three business areas: mining and metals, energy and finance. The company also operates in other sectors including telecommunications, media, real estate, grocery retail, clay production, petroleum products retail, agriculture, pharmaceuticals retail, heavy engineering and transportation.

SCM Group includes Metinvest Holding, DTEK, First Ukrainian International Bank, Renaissance Capital Bank, ASKA and ASKA-Life insurance companies, Vega Telecommunications Group, Ukraina Media Group, Segodnya Multimedia publishing holding, ESTA Holding (real estate), Ukrainskiy Retail (grocery retail), UMG (clay production), Parallel (petroleum products retail), HarvEast (agriculture), Ukrainian Pharmacy Holding, Mining Machines holding, Portinvest transportation holding and others.