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Code of Business Conduct
 

Code of Business Conduct

Principles of our work

Trust, Quality, Honesty and Service are imbedded in everything we do.

To conduct ourselves in a professional manner with the highest standards of  honesty and integrity.

To act ethically and cooperate openly with our partners, suppliers and  customers.

To treat our partners, suppliers and customers with respect.

To conduct all of our work to the highest standards of health & safety and environmental sustainability.

To provide our partners, suppliers and customers with honest and accurate information about our products, services and prices and those of our competitors.

To maintain the strictest levels of confidentiality with our partners, suppliers and customers.

To always honor our agreements to the best of our ability. If we are unable to deliver on time, we will inform our partners, suppliers and customers accordingly and offer alternative solutions.

To treat any accusations of fraud with the utmost importance and will report all instances of suspected fraudulent behavior.

To refuse any gifts or corporate entertainment that might compromise our  integrity and to avoid all situations that may lead to conflicts of  interest. 

Our commitment

To work effectively and successfully with our partners, we will:

  1. Work honestly and transparently
  2. Honor our agreements to the best of our abilities
  3. Conduct ourselves in a professional manner with the highest levels of  integrity
  4. Inform all Severstal employees of the rules and principles of this Code

What we expect from our partners

  1. To share our efforts to prevent fraud and report any suspected fraudulent behavior
  2. To respect the highest standards of health and safety and environmental sustainability in their work with Severstal
  3. To honor all obligations and agreements to the best of their abilities
  4. Work openly and professionally in all dealings with our company
  5. Inform their employees who work with our company of the rules and  principles of this Code

If you suspect any behavior in breach of this code, please email komitet@severstal.com in the highest confidence.

Alexey Mordashov

Chief Executive Officer

OAO Severstal News
June 25, 2020

A team of specialists from Severstal Digital, part of PAO Severstal, one of the world’s largest steel and steel-related mining businesses, working with experts in flat rolled products from the Cherepovets Steel Mill have successfully increased the productivity of a machine learning model that controls the speed of the Mill’s continuous pickling line #3 (NTA-3).

June 05, 2020

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's largest vertically integrated steel and mining companies, announces the appointment of Olga Kalashnikova as its new Head of Environment to lead the Company’s strategy to reduce its carbon footprint and meet the climate challenge. The creation of this new role underlines Severstal’s commitment to achieving a leading sustainability performance among global steel producers.

June 03, 2020

PAO Severstal (MICE-RTS: CHMF; LSE: SVST), one of the world's leading vertically integrated steel and mining companies, plans to invest RUB 2.5 billion in upgrading gas cleaning equipment for the sintering process stage at the Cherepovets Steel Mill (CherMK). This investment will result in a 22.5% reduction in the plant’s gross emissions in comparison with 2017 levels.

June 01, 2020

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's largest vertically integrated steel and mining companies, announces that it has led a second tranche of investment into Dutch company Airborne, a global leader in developing digital automation platforms for the production of composite parts, and products with integrated composites. The total investment in Airborne has already amounted to several tens of millions of dollars.

May 12, 2020

Severstal’s Audit Committee has launched a consultation process with investors and stakeholders on its draft Audit and Assurance Policy. This governance initiative implements a recommendation of Sir Donald Brydon who issued a report in December 2019 into the quality and effectiveness of audit.

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