In our cooperation with these stakeholders, we aim to find the optimum balance between company-wide priorities, priorities of specific regions, and the interests of various social groups.

We operate to major principles of social responsibility:

• Industrial safety and environmental protection
• Development and social support of people
• Promotion of socio-economic growth in the regions where we operate.

Severstal’s total social and charitable investments in 2010 were US$45.5 million.

Our activities in the sphere of corporate social responsibility were highly commended by experts. We won the Russian Union of Industrialists and Entrepreneurs annual contest: Best Russian Enterprises. Dynamics. Efficiency. Responsibility – nomination Social Investments and Projects.

Based on corporate charity research by the Vedomosti newspaper, in cooperation with PricewaterhouseCoopers and the non-profit partnership Donors Forum, we were nominated by the Russian Ministry of Economic Development and Trade as the best Programme Promoting the Development of Local Communities and Improvement of the Social Climate in Regions where the Company Operates, for our charitable programme The Road Home.

In a contest for evaluating corporate investment in human capital, named People’s Investor 2010, we won a nomination for Innovative Approach to Resolving the Issue Pertaining to the Development of Local Communities.

Based on the results of the First Rating of Business Partners of Russian Higher Educational Institutions, we were commended in nominations for The Best Practice of Vocational Adjustment of Students of Higher Educational Institutions, The Largest Contribution to the Support of Gifted Students and Young Teachers, and The Largest Youth Employer.