Strategy and Goals Severstal

Sustainable development strategy

The Company’s development strategy, adopted in 2018, is focused on its innovative transformation. Together with an enhanced marketing strategy, customer care programme and internal performance improvement projects, we expect transformation to be a core driver of our efficiency over the next few years. For the first time, Severstal’s strategy directly includes sustainable development issues, including occupational health and safety, society and the environment.

Our vision: Severstal is the leader of the steel industry of the future. Severstal is the first choice for our clients and partners, and is a safe and attractive workplace for our employees.

Stakeholder Engagement

Being a reliable partner for our stakeholders is a part of Severstal’s social responsibility. We aim to achieve the best possible balance between the strategic priorities of our business development, the needs of individual regions and local communities, and the interests and expectations of a wide range of social groups.

Our Company stakeholders are identified by the Corporate Social Responsibility and Sustainable Development Report working group and a list of stakeholders is reviewed annually.

Common principles of engagement with key stakeholders are established in several corporate documents, including codes and policies.

In 2018, Severstal identified the following key stakeholders:

Shareholders and investors
Employees
Government authorities
Customers and consumers
Suppliers and vendors
Local communities and general public

Management of Sustainable Development

Severstal’s Corporate Social Responsibility Policy defines a standardised understanding of CSR and the key directions of CSR implementation by all of our corporate businesses and divisions and provides common ground to improve our efficiency. Our social responsibility policy is consistent with our mission, strategy and corporate values. It is also aligned with our CSR principles and the approaches of both the Russian and international business communities. In implementing this policy, Severstal takes stakeholder views, opinions and expectations into account, and works closely with our stakeholders on addressing important social challenges.

The Board of Severstal oversees the delivery of integrated injury prevention, workplace improvement and environmental footprint reduction programmes. In 2018, the Board approved Severstal’s long-term objectives in occupational health, industrial safety and environmental protection.

Management of Severstal’s activities in sustainable development are distributed between several Company’s functional departments.

Sustainable
Development
Goals

Severstal recognises the UN’s Sustainable Development Goals (SDG) and contributes to them together with other stakeholders.

We identified six priority UN Sustainable Development Goals for ourselves, and then in 2019 we aligned our current and future operations with specific targets of each of these goals, and identified quantitative indicators that would allow us to measure progress towards each target.

Severstal’s impact on the UN Sustainable Development Goals:

Significantly positive
Moderately positive
No impact
Moderately negative
Significantly negative

Strategy and Goals

Sustainable development strategy

Severstal's strategic priorities

Outstanding customer experience

Maintaining cost base leadership

New opportunities

Developing our corporate culture

Stakeholder Engagement

Management of Sustainable Development

Sustainable Development Goals

Goal 4: Quality education

Goal 8: Decent work and economic growth

Goal 9: Industry, innovation and infrastructure

Goal 11: Sustainable cities and communities

Goal 13: Climate action

Goal 17: Partnerships for the Goals

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Sustainable
Development
Goals