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Efficient social investments in Russia: OAO Severstal experience 2 4.09 . 2010 Presentation by : Maria Medvedeva Head of External Communications. 300 miles to the North from Moscow. 1993 -. Cherepovets. 17 Years Later - Global Operations. Neryungri. Vorkuta. Chita. Olenegorsk.
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Efficient social investments in Russia: OAO Severstal experience 24.09.2010 Presentation by: Maria Medvedeva Head of External Communications
1993 - Cherepovets
17 Years Later - Global Operations Neryungri Vorkuta Chita Olenegorsk Berezitovy Kostomuksha Ulan Ude Cherepovets Saint Petersburg Semey Moscow Orel Dearborn Paris Friedens Brescia Volgograd Warren Wheeling Columbus Sparrows Point Dnepropetrovsk Uаgadugu Zwedru
Overview 2009 • Over 90,000 employees across the globe. • Public company listed on the London and Moscow Stock Exchanges. • Steel producer: ranking1st among Russian companies, 2ndin Italy, 4thin the US. • Gold producer: ranking2nd in Russia. • Revenues of $13.05 bn. and EBITDA of $844 M.
Corporate Social Responsibility • Priorities: • Industrial Safety and Environmental Protection • Development and Social Support of Personnel • Contribution to Social and Economic Development in Regions of the Company’s Presence
The number of orphans in Russia 740,000 3% of the total child population
"Road Home”: Start of the Project 2006, Cherepovets prevention of Child Neglect and Social Orphanhood, finding homes for orphans
2009 • 5,000+ calls to the Child hotline in Cherepovets • Responded to over 800 threats to child safety • Achieved 67% reduction in the number of children sent back to orphanages
"Road Home”: Development in 2009 • The Project grew into a long-term regional program Vologda Regional Government Foundation for the Support of Children in Difficult Life Situations
The total number of the unemployed in Russia 6,2 MLN 8,2% of all employable population
Cherepovets – “Mono-town” Non-Commercial Partnership “Urban Development Agency”
«Urban Development Agency»: Start of the Project 1999, Cherepovets Support and development of small and medium businesses
«Urban Development Agency»: Activity Directions • Educational programs Free of charge training on the conduct of owning a business, workshops and exercises for entrepreneurs
«Urban Development Agency»: Activity Directions Information support Advising entrepreneurs on legal, economic and other issues
«Urban Development Agency»: Activity Directions • Property support • Provision of finished office space on preferred terms
«Urban Development Agency»: Activity Directions Support in the development of a business environment Exhibitions, competitions, “roundtables”, business meetings, forums
«Urban Development Agency»: Activity Directions Financial support Grants to new entrepreneurs for up to $9,500 and subsidies on loans taken out for business development
«Urban Development Agency»: Results of2009 • 2,885new jobs created. • 661businesses set up • 1,170 first-time entrepreneurs trained.
Thank you for your attention! I’ll be pleased to answer your questions
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