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Social Policy

Personnel Development and Social Support

The Company views its personnel as priority business partners and seeks to  build relationships with them on a solid foundation of mutual respect, trust, and mutual responsibility, as well as shared values and goals.

Severstal’s personnel policy, driven by its corporate values, is oriented towards supporting the Company’s business strategy through career advancement and ramping up the personnel’s input, encouraging them to take up the Company’s key strategic challenges, viz. increasing customer satisfaction and upgrading business processes.

The basic principles of, and approaches to the social support of personnel are regulated by so-called collective agreements adopted at the Company’s business units. Each and every person duly employed by PАО Severstal shall be  entitled to the benefits of its corporate social package.

The Company opens to its personnel a wide scope of opportunities for their personal development and climbing up the career ladder. Consistent work is underway, aiming at identification of the personnel’s training needs and  reifying of personnel skills and competencies buildup schemes.

Social Investment

The Company’s outward social investments are a valuable contribution to the social, economic, and cultural development across its business geography, addressing most burning social issues. Severstal intends its dedicated strategic investments and contributions as the fuel of its sustained growth in  a favorable social environment. Engaging in social activities, Severstal closely coordinates  its effort with local authorities, the expert community, and the broader public.

Severstal’s charity programs span across the key trends of development of  the social infrastructure. The Company bankrolls the renovation and upgrading of polyclinics, hospitals, schools and crèche kindergartens within its  footprint. Severstal’s finance supports higher and secondary special education, and tangibly contributes to keeping afloat local culture and sports. The  Company is always prepared to lend a helping hand to war and labor veterans, and disabled persons.

OAO Severstal News
July 18, 2019

The Board of Directors of Severstal («Severstal», «the Company») (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies, is recommending a dividend of 26.72 roubles per share for the three months ended 30 June 2019.

July 15, 2019

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's leading steel and steel-related mining companies, has published its Corporate Social Responsibility and Sustainable Development Report for the year ended 31 December 2018 on the Company's corporate website.

July 12, 2019

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q2 2019.

July 03, 2019

Severstal announces that it has signed an agreement to purchase a share in a joint venture (JV) with Germany’s Linde AG. The JV produces coil-wound heat exchangers for use at medium-scale and large-scale LNG plants. Upon completion of the transaction Severstal will control a 26% stake, and Linde a 74% stake in the joint venture.

June 05, 2019

Severstal has established a new unit that will be focused on the development of digital businesses. The team will be headed by Sergey Khabarov, previously investment director at Genome Ventures, an innovative human capital development business.

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