In 2017 MMK Group put aside 2.24 billion rubles for charity and for the development of social initiatives and projects – a 4% increase compared to the previous year.
Magnitogorsk Iron & Steel Works contributed over 1.4 billion rubles to the overall sum donated to charitable and social projects. MMK is the leading Russian mining and metallurgical company in terms of contribution to social welfare. Last year each of the plant’s employees received a benefits package of 42,700 rubles.
The range of charitable and social programs implemented by Magnitogorsk Iron and Steel Works and the wider MMK Group covers virtually all aspects of the lives of the company’s staff, and also includes its retired and former employees. One of MMK Group’s main social responsibilities has always been to support retired pensioners, disabled people and other vulnerable individuals. In 2017 MMK Group allocated almost 300 million rubles for these purposes, to which PJSC MMK contributed 204.9 million rubles.
Providing workers with medical treatment and implementing medical programs also occupy an important place in the structure of MMK Group’s social expenditure. In 2017 the group allocated around 500 million rubles for these purposes, 450 million rubles of which was spent on supporting workers or members of their families who were recovering from illness. The group helps support and improve the health of its employees by encouraging them to develop a healthy lifestyle and practice regular physical training and sports. In 2017, 113 million rubles were allocated for this purpose.
A significant aspect of MMK Group’s social activities is the implementation of programs to stimulate the birth rate and provide to large families and expectant mothers. In 2017 the group allocated around 80 million rubles for these purposes.
Another of MMK Group’s social activities is the organization of cultural work – in 2017 the group spent 87.8 million rubles on maintaining cultural centers. The amount spent on providing hot meals for workers increased 2-fold in 2017, to 30 million rubles. Costs for housing, youth, educational programs, additional pension benefits and other voluntary social commitments amounted to 126.3 million rubles. (MMK/Ukrainian metal)