As EVRAZ recognises the significant role that sustainability principles and values play in any business’s growth and prosperity, it works constantly to integrate them into its business processes. At EVRAZ, we consider sustainable development to be an essential part of our success.
We are convinced that optimal efficiency within our sustainability activities can only be achieved by following the best practice enshrined in leading sustainability initiatives and by policymakers. We act in line with the top international standards, including OECD’s Guidelines for Multinational Enterprises and the provisions of the United Nations Universal Declaration of Human Rights.
In 2020, EVRAZ joined the UN Global Compact initiative.
Priority sustainable development areas
Providing employees with safe working conditions, wide learning and development opportunities, and competitive compensation packages.
Reducing adverse impacts from our operations on the environment.
See the section Environmental management
Ensuring stable economic growth and creating long-term value for the Group.
Contributing to the achievement of economic prosperity and providing social support in our regions of operation.
See the section Supporting local communities
When implementing sustainable development activities we adhere to the OECD’s Guidelines for Multinational Enterprises, follow best international standards and practices, and fully comply with the provisions of the United Nations Universal Declaration of Human Rights respecting the civil, political, economic, social, and cultural rights of individuals.
During the process of developing our sustainability approach, we elaborate and update internal documents regulating the area of sustainable development. The Group also places a strong emphasis on ensuring full compliance with all applicable laws and regulations, including the Russian Law on Preventing Corruption, the UK Bribery Act and the US Foreign Corrupt Practices Act.
Sustainable development is managed at all organisational levels of the Group. The Group’s Board of Directors and committees determine the general course for the EVRAZ sustainable development, while the CEO and Management Board supervise and monitor activities related to sustainability. Directorates are accountable to vice-presidents, and their duties include goal-setting and performing specific tasks corresponding to their functions. The managers of business segments implement sustainability initiatives in accordance with their business functions.
Sustainable development organisational structure
Ethics and business conduct
EVRAZ recognises that business transparency facilitates trust-based relations with all stakeholders and enhances the economic and social environments in which the Group operates. The Group has high standards for employees and contractors in terms of fair business conduct, and places emphasis on demonstrating a responsible approach to preventing, identifying, and responding to cases of bribery, corruption and other types of malpractice.
EVRAZ adheres strictly with the requirements of both Russian and international legislation, including the Russian Law “On Preventing Corruption”, the UK Bribery Act, and the US Foreign Corrupt Practices Act.
The Group has elaborated a set of internal documents on business ethics, which must be complied with by all employees of the Group. These comprise:
- The Code of Business Conduct.
- The Anti-corruption Policy.
- The Anti-corruption Compliance System Policy.
- The Anti-corruption Training Policy.
- The Charitable donation and Sponsorship Policy.
- The Gifts and Business Entertainment Policy.
- The Hotline Policy and whistleblowing procedures.
- The Conflicts of Interest Policy.
- The Human Rights Policy.
- The Diversity and Inclusion Policy.
- Modern Slavery Statement.
In 2020, the Anti-corruption Policy and Code of Business Conduct were updated and supplemented with policies on managing conflicts of interest and on sponsorship and charity activity.
All employees of the Group are obliged to adhere to the ethical principles set out in the Code of Business Conduct that refers to such principles as equality of rights and opportunities, respect for people, rejection of all forms of discrimination and slavery, zero tolerance towards corruption, as well as the following principles of conducting business.
Sustainable development goals
EVRAZ fully supports the Sustainable Development Goals (SDG) adopted in 2015 by the UN General Assembly.
We are continually performing substantial work in order to contribute to attaining them. As a result of analysing our potential positive and negative impacts on the environment, society, and the business community, we created a list of 11 priority Sustainable Development Goals, which we are constantly striving to achieve.
In 2020, we conducted a questionnaire survey among our internal stakeholders to determine the most pressing SDG to focus on in 2020. These goals are marked “2020 focus” in the table below.
|Ensure healthy lives and promote well-being for all at all ages|
|Ensure the availability and sustainable management of water and sanitation for all|
|Ensure access to affordable, reliable, sustainable, and modern energy for all|
|Take urgent action to combat climate change and its impacts|
|Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all|
|Promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all|
|Build resilient infrastructure, promote inclusive and sustainable industrialisation, and foster innovation|
|Make cities inclusive, safe, resilient, and sustainable|
|Ensure sustainable consumption and production patterns|
|Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable, and inclusive institutions at all levels|
|Strengthen the means of implementation and revitalise the global partnership for sustainable developments|