OREANDA-NEWS. January 14, 2013. In 2011, SCM Group paid UAH 19bn in taxes and UAH 12bn in salaries and invested more than UAH 15bn in modernisation of its businesses, says SCM Sustainability Report.

SCM Group has published its fifth sustainability report, yet now we have chosen to present the first summary report (in addition to the traditional full version) to provide more insights and make it more convenient for the readership.

"SCM Group is Ukraine's biggest private investor. We seek to develop a successful business to ensure good work and pay for our employees and good living standards for our local communities. Pursuing this goal, we invested heavily in modernisation, our employees and regions of our operations," said Natalia Yemchenko, SCM's Director of Public Relations and Communications. "In the Report we did not focus only on disclosure of key figures of our social investments. Firstly, we looked to show that it is no less important for SCM to give away a lion's share of its profit in taxes, salaries, procurements and investments than to earn money," she added.

Last year SCM paid some UAH 19bn in taxes to local and national budgets and invested more than

UAH 15bn in development of its assets. We paid about UAH 13bn in salaries and remuneration and channelled over UAH 7bn to programmes of employee development, health and safety, environmental protection, energy efficiency and development of local communities. Particularly, we invested UAH 5.5bn in environmental protection and energy efficiency (vs. UAH 3bn in 2010), about UAH 1.4bn in health and safety (nearly twice as much as in 2010 - UAH 804m) and over UAH 100m (UAH 64.6m in 2010) in social programmes of corporate citizenship (development of the regions of our operation).

Consolidated gross payroll at SCM Group exceeded UAH 12.9bn in 2011. Our average salary was more than UAH 5,500, which was 2.1 times higher than the national average at that time and 20% above our average salary in 2010.