REG - Ferrexpo plc - Publication of Responsible Business Report

FerrexpoAnnouncement

30/12/2024 17:00

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RNS Number : 6448R  Ferrexpo PLC  30 December 2024

 

 

30 December 2024

 

FERREXPO plc

("Ferrexpo", the "Group" or the "Company")

 

Publication of Responsible Business Report

 

 

Ferrexpo plc (LSE: FXPO), a producer and exporter of premium iron ore pellets,
announces the publication of its ninth consecutive annual Responsible Business
Report.

The Group's Responsible Business Report provides readers with a thorough
overview of all the Group's responsible business activities, including
Ferrexpo's interaction with its workforce, the environment, and local
communities, as well as the Group's ethical business activities. While the war
in Ukraine continues to define Ferrexpo and its business activities, the
publication of this report demonstrates its steadfast commitment to
sustainability.

Highlights of the Report

·    46% improvement in the LTIFR to 0.32 in 2023 (2022: 0.51)

·    100+ humanitarian projects and initiatives through the Ferrexpo
Humanitarian Fund and CSR spending, totalling US$25m

·    6.5% increase in women in management roles to 22.3% in 2023 (2022:
20.9%)

·    US$514m paid to our supplier stakeholders in 2023

·    Ferrexpo included in the FTSE4Good index

·   In-depth insight provided by our Double Materiality Project ("DMA")
carried out in 2023 to identify material topics among stakeholders

 

Natalie Polischuk, Chair of the HSEC Board committee, commented:

"The Responsible Business Report represents the importance and hard work of
Ferrexpo's 8,000 strong workforce, in Ukraine and across our global offices,
who ensure the consistent operation of our business.

It was another challenging year for Ferrexpo with the ongoing war defining our
actions.  The safety and wellbeing of our workforce in Ukraine remained our
top priority.  We also provided support to local communities and addressed
critical national emergencies, caused by indiscriminate missile attacks on
homes and public infrastructure, such as the Ohmatdyt Children's Hospital in
Kyiv. The Ferrexpo's Veteran Support Programme was created to reintegrate our
demobilised employees back into the workplace and provide them and their
families with psychological, legal and administrative assistance.  The focus
of the Report is on the day-to-day and near-term activities pertaining to
Ferrexpo as a responsible employer, producer, supplier and humanitarian,
encompassing our people, communities and the environment.

Our environmental focus, despite the difficult circumstances, remains
resolute. We are committed to our environmental initiatives and
decarbonisation activities to reach Net Zero and continue to make the strides
that we can in reducing Scope 1 and Scope 2 emissions. Our progress in this
regard can be found in our second Climate Change Report, which was also
released today. On site, we maintain sustainable practices, and we continue to
conduct research, meeting with key stakeholders who can support us to develop
large decarbonisation projects in the future, such as the electrification of
our mining fleet. We understand that to sustain our business as a Ukrainian
industrial champion, contributing to rebuilding Ukraine and employing future
generations, responsible business is at the core of what we do."

 

 

The report is available to view on the Group's website here
(https://www.ferrexpo.com/investors/results-reports-and-presentations/) .

 

 

For further information, please contact:

 Ferrexpo:
 Nick Bias        n.bias@ferrexpo.ch (mailto:n.bias@ferrexpo.ch)              +44 (0)7733 177 831
 Tavistock:
 Jos Simson       ferrexpo@tavistock.co.uk (mailto:ferrexpo@tavistock.co.uk)  +44 (0)207 920 3150

 Gareth Tredway                                                               +44 (0)7785 974 264

 

 

Notes to Editors:

About Ferrexpo: Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine and a listing in the equity shares commercial companies category on
the London Stock Exchange (ticker FXPO) and a constituent of the FTSE 250
index. The Group produces high grade iron ore pellets, which are a premium
product for the global steel industry and enable reduced carbon emissions and
increased productivity for steelmakers when converted into steel, compared to
more commonly traded forms of iron ore. Ferrexpo's operations have been
supplying the global steel industry for over 50 years. Before Russia's
full-scale invasion of Ukraine in February 2022, the Group was the world's
third largest exporter of pellets. The Group has a global customer base
comprising of premium steel mills around the world. For further information
visit www.ferrexpo.com (http://www.ferrexpo.com) .

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