CSR strategy

Our social responsibility is to be a reliable partner for all our stakeholders and to:

  • Create value for shareholders
  • Help realise the creative potential of employees
  • Constantly strive to improve labor safety
  • Comply with the requirements of law and work with the state to achieve sustainable development
  • Improve environmental safety and use resources more efficiently
  • Contribute to local social and economic development

Our approach to assessment, selection and implementation of social and charitable projects

Sustainable and successful business development is inseparable from the activities of our stakeholders, including shareholders, investors, employees, labour unions, local communities, authorities, suppliers and consumers.

Severstal's social responsibility is to maintain an equilibrium in relations with all stakeholders and to build long-term, mutually beneficial relationships.

The countries and regions in which we operate differ in their levels of economic development and social priorities. There are also joint areas of responsibility: labor safety and environmental safety, our responsibility as an employer, our participation in social and economic development. We strive to create equilibrium between our corporate priorities and regional priorities.

Our CSR strategy embodies our voluntary contribution to the development of society. Severstal’s social and charity investments in 2011 totaled $82 million.