Ferrexpo’s commitment to corporate social responsibility (‘CSR’) derives from a shared belief that the Group’s licence to operate will be underpinned by the Group’s CSR performance.

In recent years Ferrexpo has taken a leading role amongst the CIS mining groups in adopting the highest international standards in CSR and continually investing in its health, safety, environment and local communities.

The Group’s approach follows the Code of Corporate Responsibility and Business Ethics, adopted by the Board and built on three fundamental principles:

1. Business principles
   We must maintain high standards of behaviour with all those we deal with, both inside and outside the Group. Our conduct and business dealings should be associated with honesty and integrity, making us an attractive and reliable business partner.
2. Community relations
   Our presence should benefit those around us and our operations will benefit if local communities are thriving. Any member of the Group should be considered an attractive local employer.
3. Stewardship
   We must develop and manage our resources and facilities in a sensible manner, having regard for the natural and social environment in which we operate. Companies within the Group should be associated with a commitment to achieving the highest environmental and safety standards.

To monitor and enhance its CSR programme, the Group has established Corporate Safety and Social Responsibility Committee, consisting of Board members and senior management. The evaluation process is based on a seven point framework covering values, strategy, policies, objectives, targets, monitoring and auditing and communication.

On the operating level, the CSR programme is implemented and monitored by a dedicated CSR department within FPM. Its responsibilities include air and water testing laboratories, the medical centre, fire prevention service, gas service, civil defence and emergency response headquarters and workshops. This department reports directly to FPM’s Chief Operating Officer.