Annual report 2007 - Magnitogorsk Iron & Steel Works ...

3
Relations with Environmental Organizations
The standard of living is determined not only by the level of employment and wages but also by the
environmental conditions of a certain city or region.
Steel-making production produces a strong impact on the environment which gives rise to the concern of the
local community that production wastes, emissions and discharges may cause damage to the environment and
people’s health.
Reducing impact on the environment is one of the priorities for MMK. The Company has a special department
dedicated to the task, the Environment Protection Department. MMK has been complying with all the requirements
of Russian environmental laws and reporting to the Federal Environmental, Technological and Nuclear Supervision
Service.
MMK’s environmental policy is based on the principle of openness and availability of information on the
results of the Company’s production and environment protection activities and the operation of the environment
management system for all persons concerned.
Since 2005 MMK has been providing Greenpeace Russia with information on its expenditures to reduce harmful
impact on the environment. This information is published on Greenpeace’s Annual Reference Guide “Social and
Environmental Responsibility and Russian Business Ratings”.
In 2007 Greenpeace of Russia included MMK in the “white list” of companies providing exhaustive information
on environmental performance. Information from Greenpeace’s reference guide “Shades of Russian Business.
Environmental Transparency of Russian Enterprises” can be
found at http://www.greenpeace.org/raw /content/russia /ru/press/reports/1019622.pdf.
In 2007, according to the data on environmental impact, the Autonomous Non-Profit Organization
“Independent Environmental Rating Agency “(ANO NERA) carried out a rating of 100 largest companies of the
Russian real economy sector. According to the results, OJSC MMK was ranked 71st in the rating of socially and
environmentally responsible companies.
The rating can be found at (http://www.biodat.ru/nera/2007/06/r_comp.htm).
MMK’s environmental efforts have won high recognition. The Company became a winner of the prestigious
environmental competition “Russia’s Top 100 Organizations. Environment Protection and Environmental
Management” sponsored by the Federation Council, the State Duma and the Russian Chamber of Commerce and
Industry.