Exclusive Metinvest invested $170 million in environmental transformation in 2024

The Group focused its efforts on reducing its environmental impact, modernizing production, and supporting sustainable development

In 2024, Metinvest made the environment one of its top priorities. Total investment in environmental initiatives reached $170 million, 2% more than in 2023. The majority, 77%, was spent on operating expenses for repairs and environmental safety. Another 23% went to capital projects, such as equipment modernization and the introduction of clean technologies.

These investments were a logical continuation of the group’s green strategy. In 2024, Metinvest approved a Climate Policy that includes measures to reduce emissions, improve energy efficiency, and ensure transparent monitoring. At the same time, the Adria project was launched – the construction of a green steel plant in Italy, which is set to become the flagship of decarbonisation in Europe.

Despite the war and economic difficulties, Metinvest continued to operate steadily. Iron ore concentrate production increased to 15.7 million tonnes, and steel production to 2.1 million tonnes. Against the backdrop of the resumption of maritime exports, commercial ore production reached 14.8 million tonnes.

The Group also remained a leader in social responsibility. Between 2022 and 2024, it allocated $258 million to support Ukraine and its citizens, and more than 516,000 people received assistance under the “Saving Lives” program. Injuries at enterprises decreased, with LTIFR at 0.530, and tax deductions reached $478 million.

Ecology, modernization, and responsibility – these three guiding principles allowed Metinvest to stay the course during challenging times while preparing for Ukraine’s future recovery.