According to the results of 2021, ferrous metallurgy showed an increase in deductions to society and the state

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AK&M 28 September 2022 16:45

According to the results of 2021, ferrous metallurgy showed an increase in deductions to society and the state. Such conclusions follow from the Rating Agency AK&M's rating of responsibility to society.

By the end of 2021, ferrous metallurgy enterprises showed a significant increase in payments to the state, society and employees. Matalloinvest, NLMK and Evraz became the leaders of this growth. The highest social burden in the industry is borne by Metalloinvest, which directs more than 28% of income to pay taxes, salaries to employees and charity.

The rating of responsibility to the company has been prepared by the AK&M Rating Agency, and is calculated for the second year.

The rating includes companies that claim to follow the principles of sustainable development and disclose ESG information in their reports.

It is important for society to know and support in every possible way the activities of enterprises that direct a significant share of their income to the needs of society, residents and the state. The purpose of the rating is to show the companies that bring the greatest benefit through the payment of taxes, remuneration of employees, support of social projects.

The assessment of responsibility to society is based on ranking the best companies by the share of social costs (paid wages, taxes and charity) in the revenue of companies.

To compile the rating, the agency used open data of companies for 2021 – annual reports, sustainability reports, consolidated financial statements, as well as data obtained from the organizations themselves through questionnaires.

The leaders of the rating according to the results of 2021:

Ferrous metallurgy – Metalloinvest, OMK, Evraz.

Non–ferrous metallurgy and mining - Norilsk Nickel, Polymetal, Polyus.

Power engineering – Tatenergo, Unipro, OGK-2.

Power grids - Rosseti Center, Rosseti Northwest, BESK.

Chemistry and petrochemistry – Phosagro, Uralkali, KuibyshevAzot.

Oil and gas industry – Tatneft, Rosneft, Gazprom.

Transport – Russian Railways, FPC, Aeroflot.

Communications and Information Technologies – Russian Post, Rostelecom, VK.

The leaders among the largest holdings are Russian Post, Tatneft, Russian Railways.

The full results of the rating can be found on the website of the AK&M Rating Agency.

The rating of responsibility to society has been published by the AK&M Rating Agency since 2021.

The calculation methodology can be found on the website of the AK&M Rating Agency.