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TMK tops Expert magazine’s sustainability ranking

TMK has topped the 2020 sustainability ranking compiled by the Russian weekly business magazine Expert, increasing its position from seventh to first place over the course of just one year, thanks to the strength of its environmental, social and economic performance.

When compiling the Expert 400 list, major Russian companies were evaluated, with their public reporting and survey questionnaires assessed against five criteria: financial performance, social policy and HR management, environment, local development, and engagement with SMEs. TMK scored the highest on local development, financial performance, and contribution to the regional economy while also maintaining its strong positions across other criteria.

Igor Korytko, CEO of TMK, said:

“Sustainability principles are integral to our economic reality. TMK’s business has been guided by these principles since the Company was founded. We implement the best available technology, establish sustainable economic ties, create a comfortable living environment in the regions where we operate, and contribute to the development of our people and the local communities across our footprint. Today, adherence to ESG principles is becoming a prerequisite for companies to drive successful growth as they face new environmental, social, and governance requirements. We have always sought to comply with best practices in sustainability and, as the ranking shows, today we are leading the industry.”

TMK’s effective environmental policy, human resources management and regional engagement efforts, as well as corporate governance practices, have been repeatedly recognised by experts. In 2021, TMK was awarded Gold in Forbes’ ranking of Russia’s best employers, which evaluated companies against key ESG-related metrics. TMK also received the ECOTECH-LEADER 2021 National Environmental Technology Award, with TMK’s Volzhsky Pipe Plant winning the Effective Environmental Management category and TMK itself receiving a special mention for its effective promotion of environmental technologies.

In addition, TMK ranked among Russia’s leaders in anti-corruption in 2021: the Company’s anti-corruption system scored highly in the 2021 Anti-corruption Ranking of Russian Business compiled by the Russian Union of Industrialists and Entrepreneurs (RSPP), while Transparency International ranked TMK’s Anti-corruption Hotline among the top 15 similar initiatives by Russian companies.