OREANDA-NEWS. Metinvest Group adopted a Code of Ethics that sets uniform ethical standards for doing business at all of its enterprises. As a socially responsible company, Metinvest adheres to the highest ethical standards of conduct.

The Code of Ethics is a body of norms and principles to be followed daily by the Group's employees. The document summarizes the rules of conduct for employees at all levels of the Group in their interaction with colleagues, customers, partners, investors, and other stakeholders.

Among the core principles of Metinvest's business ethics are respect for others, non-discrimination, anti-corruption, integrity and fair competition, environmental protection, and health & safety. The Code is mandatory for all Metinvest employees.

Igor Syry, CEO of Metinvest Group:

“The Code of Ethics reflects the principles that we consider fundamental for business success. If we follow these principles, we will surely achieve the best results.”

Metinvest Group is a vertically integrated group of steel and mining companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It has steel and mining production facilities in Ukraine, Europe and the US, as well as a sales network covering all key global markets. Its strategic vision to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above industry benchmarks. The Group reported revenue of USD 3.1 billion and an EBITDA margin of 15% in the first quarter of 2013.

The major shareholders of Metinvest B.V. (the holding company for Metinvest Group) are SCM Group (71.25%) and Smart-Holding (23.75%), which partner in the Group's management.

Metinvest Holding, LLC is the management company of Metinvest Group.