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.
For further information, please
contact:
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.
