External social programmes
Metalloinvest is mindful of its contribution to sustainable development, and seeks to constantly expand and improve programmes focusing on the economic development of local communities, creation of favourable social and cultural environments, improvement of living standards, use of best practices in addressing critical social issues, and promotion of environmental health.
The Company collaborates with regional governmental authorities to initiate and implement programmes with a focus on reform, the development of local communities’ potential, and improvements in selected areas of social life. The key objective of making the mining and steelmaking towns comfortable and more appealing for young people is set out in the trilateral social and economic partnership agreements signed with the municipal and regional authorities1.
In 2015, the Company allocated ca. RUB 1 billion for charitable initiatives and social investments in local communities (including ivestments in development of social facilities). The Company’s charity and social investment priorities in the regions where it operates include:
- creation of comfortable social and cultural environments;
- development of education;
- support for arts and culture;
- improvements in the quality of healthcare services;
- promotion of mass and children’s sport;
- aid for socially vulnerable groups of the population;
- contribution to the development of local communities.
As part of its social policy, the Company seeks to ensure synergies between all available resources, marrying financial opportunities with management capacities, professional expertise, and international best practices in the realm of sustainable development.
1 Stary Oskol and Gubkin (Belgorod region), Zheleznogorsk (Kursk region), Novotroitsk (Orenburg region).