The United Metallurgical Company (AO OMK, Moscow) was recognized as a leader by the Russian Union of Industrialists and Entrepreneurs (RUIE) in the indices for responsibility and transparency and sustainable development based on an evaluation of the Company's 2019 public reports.
The responsibility and transparency index reflects the quality and the completeness of corporate disclosures in matters of sustainable development and corporate social responsibility (CSR). The sustainable development index assesses the Company's effectiveness and efficiency dynamic in this area. RUIE included a total of 34 and 30 Russian companies, respectively, in these two indices.
The OMK Corporate Social Responsibility Policy enacted in 2017 documents the Company's objectives in its relationship with society at large and with respect to CSR. These objectives take into consideration the interests of employees, customers, government authorities, and residents in areas that host OMK facilities. Responsible practices apply to all the Company facilities and corporate processes.
"Attaining sustainable development objectives is a strategic business priority for many companies in Russia, including OMK. We would like to offer our sincerest thanks to the Russian Union of Industrialists and Entrepreneurs for this recognition. In 2020, we have something even more interesting planned in the area of corporate social responsibility", commented OMK Governance Board Chair Natalya Eremina.