OREANDA-NEWS. October 17, 2012. SCM, Metinvest and DTEK top Transparency Index Ukraine 2012. Initiated by the Centre for CSR Development, the ranking evaluates transparency of CSR activities of Ukrainian companies against criteria of the Global Transparency Index.

The Centre for CSR Development has presented annual assessment of corporate social disclosure by big Ukrainian companies. The disclosure practices are evaluated using criteria of the Global Transparency Index (www.gtindex.net). This year SCM Group has rightfully won top three positions in the ranking with SCM gaining 147 points (73% of transparency); DTEK, 133 points (66%) and Metinvest, 127 points (63%).

In September 2012, the Centre's analysts assessed websites and CSR portals of big Ukrainian businesses. The analysis covered a wide range of parameters, from availability of information about CSR policies and approaches to detailed description of existing social and environmental programmes and non-financial reporting according to GRI.

"We appreciate indeed the trust shown to us by our employees, partners and residents of the regions where we operate. In an effort to maintain and strengthen this trust, we assume strict obligations to disclose both financial data and information about our social projects and investments. And we consistently meet these obligations. We are happy that three companies from SCM Group are recognised the most transparent businesses. This proves we have chosen the right path," noted Natalia Yemchenko, SCM's Director of Public Relations and Communications.

System Capital Management (SCM) is a professional investor, the management company of the biggest Ukrainian financial and industrial group focusing on mining and metals, energy and finance. The company also operates in other sectors including telecommunications, media and real estate, grocery retail, clay production, petroleum products retail, agriculture, pharmaceuticals retail, heavy engineering and transportation.

SCM Group includes Metinvest Holding, DTEK, First Ukrainian International Bank, Renaissance Capital Bank, ASKA and ASKA-Life insurance companies, Vega Telecommunications Group, Ukraina Media Group, Segodnya Multimedia publishing holding, ESTA Holding (real estate), Ukrainskiy Retail (grocery retail), UMG (clay production), Parallel (petroleum products retail), HarvEast (agriculture), Ukrainian Pharmacy Holding, Mining Machines holding, Portinvest transportation holding and others.

Oleg Popov is the Chief Execitive Officer of SCM.

SCM is wholly owned by businessman Rinat Akhmetov.