Last year, the total investment of the international mining and metallurgical group of companies Metinvest in environmental initiatives reached $170 million, which is 2% more than in 2023.
These figures are provided by the GMK Center analytical center.
The company allocated this funding as follows:
- 77% was spent on operating expenses for repairs and environmental safety maintenance;
- 23% was spent on capital projects, including equipment upgrades and the introduction of more environmentally friendly technologies.
Key performance indicators for Metinvest in 2024 are shown in the infographic from GMK Center:
Source: gmk.center.
These investments help to implement Metinvest's “green” strategy. As a reminder, in 2024, the company approved its Climate Policy. It includes measures to reduce emissions, improve energy efficiency, and ensure transparent monitoring.
Metinvest has also launched the Adria project to build a green steel plant in Italy. This plant is set to become the flagship of the company's decarbonization efforts in Europe.
As reported by EcoPolitics in March, Metinvest will invest UAH 1.4 billion in the construction of gas and solar power plants this year.
The company also plans to spend $18.1 million on equipping its enterprises with solar power plants with a total capacity of 37 MW.
