UrBC, Magnitogorsk, January 14, 2020. Magnitogorsk Iron & Steel Works (MMK) is among the Russian Union of Industrialists & Entrepreneurs’ annual Responsibility & Openness and Sustainable Development Vector index leaders, MMK’s Information & PR Department reports.

‘The Russian Union of Industrialists & Entrepreneurs carried its annual indices featuring major Russian companies’ achievements in the field of CSR management, sustainable development, and social entrepreneurship. Magnitogorsk Iron & Steel Works was among the leaders of Responsibility & Openness and Sustainable Development Vector indices,’ the company says.

The Responsibility & Openness Index reflects how well businesses are prepared to disclose information about themselves; there were thirty-four companies on the list, including Magnitogorsk Iron & Steel Works, a company reputed for its high transparency standards. MMK’s annual reports have won contests held for Russian issuers more than once; the plant itself is a multiple winner of the Proactive Company Transparency Policy Contest for issuers.

The Sustainable Development Vector Index for 2019 features thirty companies with positive growth dynamics, including MMK.

The Russian Union of Industrialists & Entrepreneurs has been carrying the sustainable development indices since 2014.