Metinvest

No leading practices were identified in the governance and strategy area.

No leading practices were identified in the ecosystems and biodiversity area.

No leading practices were identified in the social inclusion and community impact area.

Sustainability strategy and accountability
While Metinvest discloses a materiality assessment, it does not disclose group-wide targets on key sustainability topics for the most material parts of its value chain accodrding to the SBTN materiality table. The company also does not report consistently against all its targets. While the Supervisory Board sets annual team goals for senior management, it is unclear what they entail beyond health and safety performance. Furthermore, Metinvest does not disclose whether its highest governance body has expertise regarding nature-related topics.

Stakeholder engagement
While Metinvest discloses an overview of the issues raised during its stakeholder engagement activities as well as how often and through which channels it engages with various stakeholder groups, it has an opportunity to disclose the outcomes of its stakeholder engagement activities and its integration into its sustainability strategy beyond its materiality assessment.

Lobbying
While Metinvest reports a list of trade associations of which it is a member, the company does not disclose a clear and detailed framework for assessing alignment of its trade associations with nature-positive policies. The company also does not report (potential) misalignment between the lobbying activities of its trade associations and nature-positive policies.

Impact and dependencies assessment
The company does not disclose any assessment of its impacts on nature, including biodiversity, within its own operations nor in its supply chain. The company does not disclose any assessment of its dependencies on nature within its own operations or the locations of its upstream business relationships.

Key areas and species
The company discloses the locations that are in or adjacent to areas important for biodiversity within its own operations or the locations of its suppliers. The company does not disclose species populations existing in or adjacent to its own locations nor the locations of its suppliers. The company has an opportunity to disclose the status according to national and international conservation lists of species identified in its own locations.

Ecosystem conversion and restoration

Metinvest does not disclose a commitment to ensure zero conversion nor a commitment to minimise ecosystem conversion. The company also does not disclose activities to minimise ecosystem conversion. The company is however committed to restoring ecosystems and discloses details and outcomes of ecosystem restoration projects in areas affected by its own operations or by its suppliers.

Resource exploitation and circularity
Metinvest does not disclose its inputs, including its material footprint. The company does not report quantitatively on its group-wide circularity performance. While Metinvest discloses activities to improve soil health, it has an opportunity to disclose a target to improve soil health in its production or sourcing practices.

Water
While Metinvest demonstrates it is reducing water withdrawal in its own operations, it has an opportunity disclose a time-bound target to reduce water withdrawal across its own operations. The company also does not report how much water is withdrawn for its own operations in water-stressed areas nor does it engage with suppliers to reduce water withdrawal. Metinvest does not disclose its processes for managing and monitoring discharge water quality. nor does it regularly report on water pollution. The company has an opportunity to disclose targets to reduce water pollution. Furthermore, the company does not disclose a commitment to respect the right to water. The company does not disclose its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations.

Solid and air pollution
No evidence that the company reduces the production of hazardous substances or reduces plastic use and waste in its own operations was found. Metinvest reports regularly on air quality parameters of emissions of harmful air pollutants.but has an opportunity report time-bound targets to reduce air pollutants across the most material parts of its value chain.

GHG emissions
Metinvest is reducing its scope 1 and 2 greenhouse gas emissions but does not disclose a time-bound target to reduce its scope 1 and 2 emissions. The company has an opportunity to disclose a scope 1 and 2 emissions target is aligned with a 1.5-degree trajectory. The company also has an opportunity to disclose a time-bound target to reduce its scope 3 emissions and report progress against it.

Invasive species
The company has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Safe, clean, healthy and sustainable environment 
The company does not disclose a commitment to respecting local communities’ right to a safe, clean, healthy and sustainable environment or to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders.

Indigenous Peoples’ and land rights 
Metinvest does not disclose a commitment to respecting Indigenous Peoples’ rights or land rights of local communities.

The company conducts a materiality/risk assessment to identify the main risks to the business and it has identified human rights broadly as a risk, however, there is no evidence it has a process to identify which human rights are at risk of being impacted by it own operations, in specific locations or through specific activities, as part of a human rights due diligence process. The company has an opportunity to describe a process for assessing the human rights risks it has identified and to disclose what it considers to be its salient human rights issues. A description of this process would include how relevant factors are considered, such as geographical, economic and social factors. No evidence was found that the company has a global system to act on its salient human rights issues. While the company discloses the categories of stakeholders it engages with generally on sustainability issues, it is not clear if these stakeholders are those whose human rights have been or may be affected by its activities. No evidence that the company provides examples of its engagement with stakeholders whose human rights have been or may be affected by its activities was found.

The company has a publicly available policy statement which shows it is committed to respecting the health and safety of workers. The company has a publicly available policy statement which shows it expects its suppliers to commit to respecting the health and safety of their workers. The company has an opportunity to disclose a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage. The company has an opportunity to describe how it determines a living wage for the regions where it operates. The company reports that 100% of production personnel at the Group’s assets in Ukraine are covered by collective bargaining agreements, however, it is unclear if no other employee is covered under collective bargaining agreements. No evidence that the company describes how it works to support the practices of its suppliers in relation to freedom of association and collective bargaining was found.

No evidence that the company has a publicly available global tax strategy was found. No evidence that the company describes the process for identifying its bribery and corruption risks and impacts in specific locations or activities covering its own operations was found. The company includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships. No evidence that the company has a publicly available policy statement or policy setting out its lobbying and political engagement approach was found. No evidence that the company has a publicly available policy statement that specifies that it does not make political contributions was found.