Impact of Pollution on Inhabitants and the Environment in Five Industrial Cities
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Rising to the Challenge
RISING TO THE CHALLENGE ANNUAL REPORT AND FINANCIAL STATEMENTS 2012 METINVEST ANNU METINVEST A L REPO L R T T A ND F ND IN A NCI A L ST A TE M ENTS 2012 WHILE 2012 WAS A CHALLENGING YEAR FOR METINVEST, OUR MARKETS AND THE GLOBAL ECONOMY, WE WERE PROACTIVE. IN RESPONSE TO THE CHALLENGES, WE HAVE TAKEN A SERIES OF DECISIVE ACTIONS IN LINE WITH OUR LONG-TERM STRATEGY TO PROTECT OUR STABLE FINANCIAL POSITION AND MARKET LEADERSHIP. Key Strategic Actions: #1: We have adapted our capital expenditure plans to focus on the most efficient investments in line with our Technological Strategy READ MORE ON PAGES 12-13 #2: We have pursued greater efficiency, quality and customer satisfaction through continuous improvement and lean production implementation READ MORE ON PAGES 14-15 #3: We have launched a major initiative to optimise working capital and enhance liquidity across the Group READ MORE ON PAGES 16-17 #4: We have adjusted and strengthened sales by expanding our network, focusing on strategic markets and balancing our product range READ MORE ON PAGES 18-19 STRONG MODEL IN STRATEGIC REVIEW OF OUR FINANCIAL ADDITIONAL INTRODUCTION CHALLENGING TIMES OVERVIEW THE YEAR GOVERNANCE SUSTAINABILITY STATEMENTS INFORMATION INTRODUCTION Metinvest is a leading steel producer in WE ARE METINVEST: the CIS and one of the top 30 steelmakers and top 10 iron ore producers in the world. A VERTICALLY INTEGRATED We are resourceful, managing every part of the value chain, from mining and processing STEEL AND MINING GROUP iron ore and coal to making and selling steel products. -
Green Brand of Companies and Greenwashing Under Sustainable Development Goals
sustainability Article Green Brand of Companies and Greenwashing under Sustainable Development Goals Tetyana Pimonenko 1, Yuriy Bilan 2,* , Jakub Horák 3 , Liudmyla Starchenko 4 and Waldemar Gajda 5 1 Department of Marketing, Sumy State University, 40007 Sumy, Ukraine; [email protected] 2 Faculty of Management, University of Social Sciences, 90–113 Lodz, Poland 3 School of Expertness and Valuation, The Institute of Technology and Business in Ceskˇ é Budˇejovice, Okružní 517/10, 37001 Ceskˇ é Budˇejovice,Czech Republic; [email protected] 4 Department of Economics, Entrepreneurship and Business Administration, Sumy State University, 40007 Sumy, Ukraine; [email protected] 5 Warsaw Management School-Graduate and Postgraduate School, Siedmiogrodzka 3A, 01204 Warszawa, Poland; [email protected] * Correspondence: [email protected] Received: 15 January 2020; Accepted: 21 February 2020; Published: 24 February 2020 Abstract: Implementing Sustainable Development Goals (SDGs) and increasing environmental issues provokes changes in consumers’ and stakeholders’ behavior. Thus, stakeholders try to invest in green companies and projects; consumers prefer to buy eco-friendly products instead of traditional ones; and consumers and investors refuse to deal with unfair green companies. In this case, the companies should quickly adapt their strategy corresponding to the new trend of transformation from overconsumption to green consumption. This process leads to increasing the frequency of using greenwashing as an unfair marketing instrument to promote the company’s green achievements. Such companies’ behavior leads to a decrease in trust in the company’s green brand from the green investors. Thus, the aim of the study is to check the impact of greenwashing on companies’ green brand. -
Annual Report 2019 Contains a Full Overview of Its Corporate Stakeholder Expectations As Well As Long-Term Trends Governance Practices
Table of Contents Management report Company overview ............................................................................................................................................................................... 4 Business overview ................................................................................................................................................................................ 5 Disclosures about market risk ............................................................................................................................................................... 44 Group organizational structure ............................................................................................................................................................. 47 Key transactions and events in 2019 .................................................................................................................................................... 50 Recent developments ........................................................................................................................................................................... 53 Research and development .................................................................................................................................................................. 54 Sustainable development .................................................................................................................................................................... -
Щюаl,"П#-#/ PJSC "Arcelormittal Kryvyi Rih" Мr
пЕрвиннА оргАнlзАцlя проФспlлки трудящих мЕтАлургlйноi l гIрничодоБувноТ промисловостl укрдТни пАт <<АрсЕлормlттАл кривий рlг" 5О095, м. Кривий Рiг, вул. Криворiжсталi, 1. Тел. +З8О 56 499 З1 66, €дрпоу 25842148, UА98З22зlЗ00000260050000111В7 в АТ <Укрексiмбанк> м, Ки'Гв E-mail: [email protected] . Web: www.amkrprof.org.ua Сhаirmап of the Supervisory Board //Щюаl,"П#-#/ PJSC "ArcelorMittal Kryvyi Rih" Мr. УIr. Vijay Goyal МеmЬеrs of the Supervisory Board PJSC "ArcelorMittal Kryvyi Riho': Мr. Clark David Gеоrgе Мrs. Апа Escobedo Мr. Ishchuk Serhiy Ivanovych Мr. Lahodiyenko Oleh Иktorovych Мr. Аrоrа Vishal Мr. Somani Аruп Мr. Matthew Loynes Executive Сhаirmап of ArcelorNlittal Grоuр Мr. Lakshmi Mittal СЕО of ArcelorMittal Grоuр Мr. Aditya Mittal Head of Нumап Resources of ArcelorMittal Group N{r. Ваrt Wille рRЕSЕг{тАтIоI\ Pursuant to дrtiсlе 45 of the Labor Code of lJkraine, par1 one of Article 3З, Clause 9 of par1 one of Article ЗВ of the Law of Ukraine "On Trade Unions, their Rights and Guarantees of Activity", based on the decision of the Trade lJnion Com- miitee of the primary organization of the Trade union of Metalworkers and N{iners оf Ukraine PJSC "ArcelorN4ittal Kryvyi Rih" dated N{ay 1 |,2021, we demand to ter- pJsc minate the labor agreement (contract) with the chief Executive officer of "ArcelorMittal Kryvyi Rih" - Mauro Longobardo. Iп ассоrdапсе luith Clause в.4.1. of the Charter of PJSC "ArcelorMittal Klyvyi Rih"; "The sole Executive Body of the Соmрапу, whichmaпages its сurrепt ac-tiyities, shall Ье the сЕо. The СЕо, solely, at his оwп discretioп апd uпdеr his оwп respoпsibility, shall mаkе all decisioпs оп matters withiп his соmреtепсе .. -
Annual Report 2019 Contains a Full Overview of Its Corporate Stakeholder Expectations As Well As Long-Term Trends Governance Practices
Table of Contents Management report Company overview 4 Business overview 5 Disclosures about market risk 44 Group organizational structure 47 Key transactions and events in 2019 50 Recent developments 53 Research and development 54 Sustainable development 57 Corporate governance 67 Luxembourg takeover law disclosure 108 Additional information 110 Chief executive officer and chief financial officer’s responsibility statement 115 Financial statements of ArcelorMittal parent company for the year ended December 31, 2019 116 Statements of financial position 117 Statements of operations and statements of other comprehensive income 118 Statements of changes in equity 119 Statements of cash flows 120 Notes to the financial statements 121 Report of the réviseur d’entreprises agréé 170 4 Management report Company overview other countries, such as Kazakhstan, South Africa and Ukraine. In addition, ArcelorMittal’s sales of steel products History and development of the Company are spread over both developed and developing markets, which have different consumption characteristics. ArcelorMittal is the world’s leading integrated steel and ArcelorMittal’s mining operations, present in North and mining company. It results from the merger in 2007 of its South America, Africa, Europe and the CIS region, are predecessor companies Mittal Steel Company N.V. and integrated with its global steel-making facilities and are Arcelor, each of which had grown through acquisitions over important producers of iron ore and coal in their own right. many years. Since its creation ArcelorMittal has experienced periods of external growth as well consolidation Products: ArcelorMittal produces a broad range of high- and deleveraging (including through divestments), the latter quality finished and semi-finished steel products (“semis”). -
People Products Infrastructure Resources Air, Land and Water Responsible Energy Supply Chains Local Communities Scientists and Engineers Impact Measurement
People Products Infrastructure Resources Air, land and water Responsible energy Supply chains Local communities Scientists and engineers Impact measurement 1 People Products Infrastructure Resources Air, land and water Responsible energy Supply chains Local communities Scientists and engineers Impact measurement People Products Infrastructure Resources Air, land and water Responsible energy Supply chains Local communities Scientists and engineers Impact measurement Table of content About ArcelorMittal About ArcelorMittal . 3 Message from CEO . 4 Sustainable development through 10 outcomes . 5 Our progress in 2017 . 6 Safe, healthy, quality working lives for our people . 8 Products that accelerate more sustainable lifestyles . 12 23 815 employees is average headcount Products that create sustainable infrastructure . 12 of PJSC ArcelorMittal Kryvyi Rih 5.8 MT of steel produced in 2017 Efficient use of resources and high recycling rates . 14 Trusted user of air, land and water . 15 Responsible energy user that helps create a lower carbon future . 20 Supply chains that our customers trust . 21 Active and welcomed member of the community . 22 Pipeline of talented scientists and engineers for tomorrow . 23 Our contribution to society measured, shared and valued . 24 Transparent good governance . 25 About this report . 27 Performance at a glance . 28 Annex 1: GRI Content Index . 30 Annex 2: Independent Assurance Report . 34 ArcelorMittal is leading global steelmaking company with steel products – rebar and wire rod of ordinary and alloyed annual achievable capacity of about 113 MT of steel with grades, wire rod, bars and sections of low alloyed grade as about 197 thousand employees in 60 countries of the well as special purpose steel grades . -
2020-Arcelormittal-Annual-Report.Pdf
Table of Contents Page Page Share capital 183 Management report Additional information Introduction Memorandum and Articles of Association 183 Company overview 3 Material contracts 192 History and development of the Company 3 Exchange controls and other limitations affecting 194 security holders Forward-looking statements 9 Taxation 195 Key transactions and events in 2020 10 Evaluation of disclosure controls and procedures 199 Risk Factors 14 Glossary - definitions, terminology and principal 201 subsidiaries Business overview Chief executive officer and chief financial officer’s 203 Business strategy 35 responsibility statement Research and development 36 Sustainable development 40 Consolidated financial statements 204 Products 54 Consolidated statements of operations 205 Sales and marketing 58 Consolidated statements of other comprehensive 206 Insurance 59 income Intellectual property 59 Consolidated statements of financial position 207 Government regulations 60 Consolidated statements of changes in equity 208 Organizational structure 67 Consolidated statements of cash flows 209 Notes to the consolidated financial statements 210 Properties and capital expenditures Property, plant and equipment 69 Report of the réviseur d’entreprises agréé - 322 consolidated financial statements Capital expenditures 91 Reserves and Resources (iron ore and coal) 93 Operating and financial review Economic conditions 99 Operating results 120 Liquidity and capital resources 132 Disclosures about market risk 137 Contractual obligations 139 Outlook 140 Management and employees Directors and senior management 141 Compensation 148 Corporate governance 164 Employees 173 Shareholders and markets Major shareholders 178 Related party transactions 180 Markets 181 New York Registry Shares 181 Purchases of equity securities by the issuer and 182 affiliated purchasers 3 Management report Introduction Company overview ArcelorMittal is one of the world’s leading integrated steel and mining companies. -
Investor Presentation
A Compelling Iron Ore Investment Opportunity Corporate Presentation October 2014 TSX: BKI Disclaimer Forward Looking Statement TSX: BKI This Presentation contains ‘‘forward-looking information’’ within the meaning of applicable Canadian securities legislation. Forward-looking information is based on what management believes to be reasonable assumptions, opinions and estimates of the date such statements are made based on information available to them at that time, including those factors discussed in the section entitled ‘‘Risk Factors’’ in the Company’s annual information form for the year ended December 31, 2013 (and dated March 14, 2013) or as may be identified in the Company’s public disclosure from time to time, as filed under the Company’s profile on SEDAR at www.sedar.com. Forward-looking information may include, but is not limited to, statements with respect to results of the Feasibility Study (as defined below) and the mineral reserve and resource estimate, the future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Shymanivske project, the ability to obtain financing on commercially reasonable terms; and the impact of concerns relating to permitting, regulation, governmental and local community relations, including the results of upcoming Presidential elections and Western and Russian responses to the results of said elections. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or “completion of the transaction with Metinvest” or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". -
JSC PROMARMATURA Possibilitys of Joint Business in Ukraine
JSC PROMARMATURA possibilitys of joint business in Ukraine 2 3 Ladies and gentlemen Promarmatura company expresses its respect and presents opportunities for joint business in Ukraine. Promarmatura is the largest Ukrainian manufacturer and integrated supplier of pipe valves of different grades of ordinary and special steels and alloys For more than 20 years of work Promarmatura proved itself a reliable partner, upplying its products to dozens of companies from Ukraine, Russia, Kazakhstan, Belarus, Bulgaria, Austria. Yours faithfully The reference list on page 8 All activities of the company Promarmatura certified for compliance with the international standard of quality Igor Mezhebovsky management ISO 9001 and European standards and General Director directives JSC PROMARMATURA Permits and certificates on page 6 The ownership of the company - a full cycle product plant, including metallurgical and forging production, the production of machinery products in Mirgorod Poltava region (the largest agricultural area for growing corn and the leading region of Ukrainian oil and gas productuion) and the city of Dnipropetrovsk region - Slavgorod (the largest industrial region), as well as business center and warehouse in Dnepropetrovsk. The structure of the company on page 4 AlexanderChelyadin Our industrial, technological, logistical and human resources Board of Directors Chairman give us ability to expand existing business, developing new SC PROMARMATURA types of metallurgical and engineering products, and create almost new projects. We can offer you are in our property warehouses and operating enterprises (including the land on which our facilities are located) with all theirs infrastructure for the creation of new businesses – up to a complete change of the profile of one of our plants. -
The Future of Ukrainian Oligarchsdownload
Ukrainian Institute for the Future is an independent analytical center that: • forecasts changes and models possible scenarios for events in Ukraine; • makes a competent assessment of the Ukrainian events; • makes specific recommendations for actions; • offers effective solutions; • offers a platform for discussions on current topics. It is a project of representatives of Ukrainian business, politics and the public sector. Founded in summer 2016. AUTHORS Victor Andrusiv Executive Director of the Ukrainian Institute for the Future, PhD in Political Science, analyst and opinion journalist, author of the book “Change the future” Oleg Ustenko Executive Director of the Bleyzer Foundation, President of Harvard Club of Ukraine alumni association Yurii Romanenko Co-founder of the Ukrainian Institute for the Future, head of the International and Domestic Policy programme, editor-in-chief of the portal Hvylya Ihar Tyshkevich Expert of International and Domestic Politics programme of the Ukrainian Institute for the Future (UIF) © Art-direction D!VANDESIGN © Idea and design INCOGNITA INTRODUCTION. THE BRITISH DISEASE IN UKRAINE Content 05 THEORY AND STRUCTURE OF THE UKRAINIAN OLIGARCHY 06 INFLUENCE OVER ENERGY INDUSTRY 14 INFLUENCE OVER METALLURGY 26 INFLUENCE OVER TRANSPORT INFRASTRUCTURE 38 INFLUENCE OVER MEDIA 50 INFLUENCE OVER POLITICS 62 THREE SCENARIOS FOR THE FUTURE OF THE OLIGARCHS 72 Victor Andrusiv Executive Director of the Ukrainian Institute for the Future, PhD in Political Science, analyst and opinion journalist, author of the book “Change the future” Introduction: the British disease in Ukraine After the fall of the Soviet Union, the starting conditions for economic development in Ukraine were advanta- geous. However, after 27 years of independence, we continue to be the most backward country of the post-Sovi- et bloc. -
Analysis of the Ukrainian Ferrous Metals Industry
ANALYSIS OF THE UKRAINIAN FERROUS METALS INDUSTRY AND SENSITIVITY OF METALS EXPORTS TO EXCHANGE RATE FLUCTUATIONS by Ivan Taranenko A thesis submitted in partial fulfillment of the requirements for the degree of MA in Business and Financial Economics Kyiv School of Economics 2020 Thesis Supervisor: Professor_Elena Besedina____ Approved by _____________________________________________ Head of the KSE Defense Committee, Professor [Type surname, name] ____________________________________________ ____________________________________________ ____________________________________________ Date ___________________________________ ACKNOWLEDGMENTS I would like to express my great appreciation to Professor Elena Besedina, who guided and kindly supported me through the process of writing this work. ii TABLE OF CONTENTS ACKNOWLEDGMENTS ............................................................................ ii LIST OF FIGURES ....................................................................................... iv LIST OF TABLES........................................................................................... v LIST OF ABBREVIATIONS ...................................................................... vi Chapter 1. Introduction ................................................................................... 1 Chapter 2. Industry Overview and Related Studies ...................................... 3 2.1. Place of Ukraine in the world ferrous metals production. ............. 3 2.2. Ukrainian ferrous metals industry: production level, -
Final Offering Memorandum
IMPORTANT NOTICE The attached offering memorandum (the "Offering Memorandum") has been prepared solely in connection with the proposed offering (the "Offering") of two series of senior notes (together, the "Notes") of Metinvest B.V. (the "Issuer"). THIS OFFERING IS AVAILABLE ONLY TO INVESTORS WHO ARE EITHER (1) QUALIFIED INSTITUTIONAL BUYERS ("QIBs") IN RELIANCE ON THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT OF 1933 (THE "SECURITIES ACT") PROVIDED BY RULE 144A UNDER THE SECURITIES ACT ("RULE 144A") OR (2) OUTSIDE OF THE UNITED STATES, TO PERSONS WHO ARE NOT U.S. PERSONS IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT ("REGULATION S"). MiFID II professionals/ECPs-only/No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as the Notes are not available to retail investors in the European Economic Area ("EEA"). IMPORTANT: You must read the following before continuing. The following applies to the Offering Memorandum, and you are therefore advised to read this carefully before reading, accessing or making any other use of the Offering Memorandum. In accessing the Offering Memorandum, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from us as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES DESCRIBED IN THE OFFERING MEMORANDUM HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND SUCH SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S.