Code of business conduct

Principles of our work

We act ethically and cooperate openly with our partners, suppliers and customers.

We treat our partners, suppliers and customers with respect.

We conduct all of our work to the highest standards of health & safety and environmental sustainability.

We provide our partners, suppliers and customers with honest and accurate information about our products, services and prices and those of our competitors, unless prohibited by law.

We maintain the strictest levels of confidentiality with our partners, suppliers and customers.

We always honor our agreements to the best of our ability. If we are unable to deliver on time, we will inform our partners, suppliers and customers accordingly and offer alternative solutions.

We do not tolerate abuse or humiliation of employees and partners in any way, use incorrect and offensive statements, crude jokes that humiliate personal dignity, or use psychological pressure.

We do not tolerate corruption. If you become aware of any case of corruption in relation to our Company, please let us know immediately.

We do not accept or offer gifts, special acknowledgments, services or admission to recreational events, if this would put the recipient in a position where their ethics might be called into question.

We avoid situations that may lead to a conflict of interest, inter alia, where our employee conducts any paid activity in favor of customers, suppliers or competitors.

Our commitment

To work effectively and successfully with our partners, we will:

• Avoid any cases of corruption.

• Honor our agreements to the best of our abilities.
• Conduct ourselves in a professional manner, with the highest levels of integrity.
• Inform all our employees of the rules and principles of this Code.

What we expect from our partners

To work effectively and successfully we expect that our partners will:

• Share our efforts to prevent corruption and report any suspected corrupt behavior.

• Respect the highest standards of health & safety and environmental sustainability in their work with our Company:
  • respect all rules of industrial safety and labor protection;
  • avoid accidents and injuries of employees;
  • not allow employees under the influence of alcohol or other intoxicating substances to be on our Company’s premises;
  • not allow polluting of the environment by their acts or omissions.
• Honor all obligations and agreements to the best of their abilities.
• Work openly and professionally in all dealings with our Company.
• Inform their employees who work with our Company of the rules and principles of this Code.

If you suspect any behavior to be in breach of this Code, please email komitet@severstal.com.

We guarantee your confidentiality and the analysis of your query to the highest quality standard.

CEO of PAO Severstal

Alexey Mordashov