Annual report and accounts 2012

Our approach

Our commitment to sustainability

Steel is a highly useful and versatile material, and does not lose its useful characteristics. When no longer required, it is very easy to recycle. Making steel is much less energy intensive than other materials with similar characteristics and utility. In these respects, steel supports sustainable development.

Across all our operations, we pursue new business opportunities that also bring economic and environmental benefits to our customers and other stakeholders. Wherever we operate, we significantly influence economic and social development.

We can only achieve these long-term business outcomes in the context of social stability and partnership. Therefore our commitment to being a sustainable business means we are ever mindful of health and safety, environmental stewardship and social responsibility, and particularly ensuring the wellbeing of our host communities.

For this reason, we have common health, safety and environment (HSE) policies across all assets belonging to the company, and these are overseen by the company’s Board of Directors.

Our strategy for sustainability

We aim to be a reliable partner for all our stakeholders, and to:

  • create value for shareholders 
  • help realise the creative potential of employees
  • constantly strive to improve labour safety
  • comply with the requirements of law, and work with the state to achieve sustainable development
  • improve environmental performance, and use resources more efficiently 
  • contribute to social and economic development in our areas of operation.

How we manage sustainability

We have a corporate social responsibility policy that defines our public commitments to safety, health, and environmental and social responsibility. We have adopted this across all of our operations. We report regularly and publicly, based on GRI guidelines.

Working with stakeholders

Severstal is an open organisation whose stability relies on efficient dialogue cooperation between many different partners. This honest, constructive collaboration is important to our development as a leader in international business, and as a contributor to sustainable social development. Such dialogue is also vital to identify early warning signs, needs and opportunities, and to help us implement our voluntary commitments and increase our effectiveness in sustainability. Our partners play an invaluable role as follows:

  

Shareholders

Severstal’s Board of Directors plays a key role in elaborating strategy in line with shareholder decisions. Members of the board visit our worldwide businesses regularly.

Employees

Employees are involved in resolving key issues of social development and industrial safety through a system of collective agreements with labour unions and healthcare committees.

Business partners

We build long-term strategic relationships with our suppliers and customers. Working with key customers, special committees, steering groups and advisory councils, we strive to satisfy customer demands effectively.

The State

We are strongly committed to our legal obligations as established by the state. We shape efficient partnerships with government authorities, to resolve regional development issues within the framework of social and economic partnership agreements and specialpurpose programmes.

Society

We participate in initiatives, launched by Russian and international business associations, focused on improving professional and ethical corporate standards.

Non-profit organisations; members of local communities

We liaise with organisations to support projects in areas where we operate, relating to environmental safety, healthcare development, culture and sports.

Our long-term commitment to sustainability focuses on the following four areas:

  • Health and safety
  • Environment
  • Development of our people
  • Social commitment.