Metinvest is transforming its business according to ESG principles to operate in the EU market

The European Union is introducing new non-financial reporting standards that radically change the requirements for business. Now, to operate in the European market, it is no longer enough for companies to produce high-quality products; they must report on their environmental impact, social responsibility and corporate governance. Metinvest Group is actively preparing for the new environment and transforming its business in line with ESG (Environmental, Social, Governance) principles.

At a training session organized by the Federation of Employers of Ukraine and the Confederation of Danish Industry, Metinvest’s ESG and Sustainable Finance Manager Kristina Rusnak spoke about the company’s key steps. Among them is the assessment of dual materiality: how the business affects the environment and society, and how these factors affect the business itself. This approach is already required by a new EU directive, the CSRD.

Metinvest annually identifies material ESG topics in accordance with the international GRI, SASB and TCFD standards. The company publicly reports on emissions, energy consumption, environmental investments, and social initiatives. Since the beginning of the full-scale war, the group has already allocated more than $250 million to help the Armed Forces of Ukraine, humanitarian programs and support for civilians.

Responsibility is a key operating principle. Metinvest has a Code of Ethics, a human rights policy and an anonymous hotline. Suppliers must also comply with ESG principles. In 2024, the company began integrating climate management as part of its adaptation to challenges such as the Carbon Border Adjustment Mechanism (CBAM) and climate change.

Thus, ESG is becoming not only an element of reporting, but the foundation of Metinvest’s strategy. Transparency, accountability and sustainable development open up new opportunities for access to European markets and international financing.

Metinvest was named one of the top ten sustainable employers in Ukraine by the Business Capital magazine. The main criteria include employee support, digital transformation, training, decent working conditions and social responsibility.