OREANDA-NEWS. March 11, 2010. Metinvest has joined the United Nations Global Compact initiative.

One of the primary advantages of being a part to the Global Compact is the access to the international platform and resources, which can be used to develop a social welfare zone around the Company and build partnership with government and non-government organizations and civil societies around the world.

Accession of Metinvest to the UN Global Compact initiative means voluntary inclusion of the Global Compact principles into the development strategy and operations of the Company. The Ten Principles of the initiative in the areas of human rights, labor standards, the environment and anti-corruption have been globally recognized. Participation in the UN Global Compact initiative obligates the Company to inform the world community on achievements of the Company in these areas.

Support for the Global Compact is a consistent step on the way of the socially responsible development of the Company. This is not the first Metinvest’s initiative in the field of corporate social responsibility (CSR): the Company is successfully involved in the International CoMeth Project implementation supported by the European Commission. Among these, Metinvest is implementing large scale Kyoto Protocol Projects and renders support in the global environmental initiatives of the World Steel Association (WSA).

“Solution of local and global problems requires common efforts” – noted Igor Kirilyuk, the Corporate Communications Director of METINVEST HOLDING, LLC – “Metinvest has decided to join the UN Global Compact because it strives for further development of new culture of partnership with government and non-government organizations, and civil society within Ukraine and abroad.

In January 2010 Metinvest issued its First Corporate Social Responsibility Report developed in accordance with the GRI international standard. The Report describes significant events and activities of the Company in priority areas of socially responsible business development in 2008. The first message on achievement in the area of embracing, supporting and enacting the ten Principles of the UN Global Compact will be issued in 2011 within the frames of the Second Corporate Social Responsibility Report of Metinvest Group.