ANNUAL%20REPORT%202015%20eng

Sustainability Report
Case Study
Successful graduation of the Company
scholarship recipients
As part of its educational support program, the Company
has funded a scholarship program for the Cambridge
international academic program, jointly with “Orchlon”
secondary school since 2010. The aim of the scholarship
program was to provide quality educational opportunities
to the best performing students of the country who
lacked adequate financial resources. In the spring of
2015, the first 6 recipients of the scholarship successfully
completed their Cambridge program at “Orchlon” school
and received their diploma of secondary education. The
Company representatives attended the graduation ceremony and shared their impression on the program
results and outcome. All of the 6 graduates showed exceptional academic performance throughout the
program period and topped national and international Olympiads in various subjects. Moreover, all of them
were accepted into high-ranking colleges and universities in the United States and Western Europe, an
indication that the program succeeded in achieving its goal.
SOCIO-ECONOMIC CONTRIBUTION
We believe that as a good corporate citizen, we must continuously contribute to the country’s socio-economic
development, community well-being and sustainability. While keeping our position as one of the major employers
and tax contributors of Mongolia, we remain committed to continue our cooperation with local governments,
communities and other stakeholders and play a part in improving local development and living standards.
Job creation
Despite the challenging market and economic conditions, we continued our efforts to retain our employees and
hired and trained local people whenever possible during the reporting period. As of the year ended 2015, MMC
employed 1,797 employees, approximately 45% of whom were locally hired. In the reporting period, the Company
spent approximately MNT37 billion for employee wages and remuneration and MNT3 billion for employee benefits
and allowances, respectively.
Tax contribution
During the reporting period, MMC contributed MNT74 billion to the state and local budget through direct taxes
and commissions, a substantial amount given the size of the country’s economy.
Community support
In addition to our wider economic contribution, we aim to provide a strong base for the local economic growth
and cooperate with our host community members in multiple ways. In 2015, we invested about MNT2.4 billion in
support of community development through various projects, targeted programs and grants and sponsorships.
Annual Report 2015
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