Mechel Publishes First Sustainability Report
Moscow, Russia – December 1, 2022 – Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, announces publication of its first Sustainability Report for the year 2021.
The Sustainability Report, approved by the company’s Board of Directors, includes information on Mechel Group’s sustainable management activities and key results in 2021. In line with best international practice, the Report was prepared in compliance with international Global Reporting Initiative (GRI) standards. The Report discloses issues such as Mechel Group’s contribution to the UN’s Sustainable Development Goals (SDGs), responsible business principles, social development, environment protection, corporate management and human rights.
The Report is a milestone in the logical development of the company’s practice aimed at transparency in stakeholder engagement. Complementing the company’s financial statements, the Report is designed to cover a wide range of issues that concern shareholders, investors, employees, and other stakeholders.
The full Sustainability Report is available at Mechel’s official website in the Sustainable Development section.
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Mechel is an international mining and steel company. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.
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Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.