Severstal 2016 AR2
The report outlines Severstal's operational and financial performance for 2016, marking the tenth anniversary of its GDR listing on the London Stock Exchange. Despite challenging market conditions, the company achieved a solid EBITDA of $1,911 million with an industry-leading margin of 32.3%. The year was heavily impacted by the tragic accident at the Severnaya mine in February, prompting extensive support for affected families and a decision to seal the mine due to ongoing safety risks. Severstal continued to prioritize safety by launching the Safestart Programme and investing in advanced monitoring systems. Additionally, the company advanced its environmental commitment through projects like installing basic oxygen furnace filters at the Cherepovets Steel Mill to reduce air emissions.
Company: Severstal
Sector: Manufacturing
Country: Russia
Year: 2016
Type: AR2
Pages: 160
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Severstal
Annual Report
The report outlines Severstal's operational and financial performance for 2016, marking the tenth anniversary of its GDR listing on the London Stock Exchange. Despite challenging market conditions, the company achieved a solid EBITDA of $1,911 million with an industry-leading margin of 32.3%. The year was heavily impacted by the tragic accident at the Severnaya mine in February, prompting extensive support for affected families and a decision to seal the mine due to ongoing safety risks. Severstal continued to prioritize safety by launching the Safestart Programme and investing in advanced monitoring systems. Additionally, the company advanced its environmental commitment through projects like installing basic oxygen furnace filters at the Cherepovets Steel Mill to reduce air emissions.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Employees