Ferrexpo PLC AGM Presentation and Chair Address (9361Z)
27 Mai 2021 - 8:00AM
UK Regulatory
TIDMFXPO
RNS Number : 9361Z
Ferrexpo PLC
27 May 2021
27 May 2021
Ferrexpo plc
("Ferrexpo", "the Company" or the "Group")
Annual General Meeting Presentation and Chair Address
Ferrexpo announces that the following remarks will be made by
the Group's Chair, Lucio Genovese, at today's Annual General
Meeting ("AGM") for shareholders to be held via webcast.
The AGM will also be accompanied by a presentation on the
reporting year, which is available at www.ferrexpo.com .
Lucio Genovese, Non-executive Chair of Ferrexpo plc, will make
the following remarks:
KEY HIGHLIGHTS FOR 2020
Before we begin, I would like to take a moment to thank the
Ferrexpo team for their professionalism and dedication in what has
been a challenging year for all. To succeed in the mining sector,
you need world class assets and world class people and over the
course of the last year it is clear Ferrexpo has both these
qualities.
The impact of Covid-19 has, and continues to have, an
unprecedented effect on the world and people's lives. I am proud to
highlight Ferrexpo's response to the pandemic, which saw the
Company doing its upmost to protect the wellbeing of all our
stakeholders and ensuring we remained focused on our goals for
2020.
Covid-19 has undoubtedly changed the way the world does
business, with a spotlight being shone on not just the welfare of a
company's employees, but also the affect that companies have on the
environment and the wider communities in which they operate.
Ferrexpo has long focused on its licence to operate, and during
2020 we reported a 16% reduction in our carbon footprint per tonne
in a single year, a fantastic result. This highlights the strength
of our management team who are working tirelessly to continue to
see these emissions reduced further.
The Company's ESG strategy also saw enhanced procedures and
internal controls improving the Corporate Governance framework.
This has resulted in a number of new appointments to the Board
including welcoming Jim North as Executive Director having spent
six years as the Group's Chief Operating Officer, Fiona MacAulay,
Independent Non-executive Director, appointed Chair of the Health,
Safety, Environment and Community Committee and Ann-Christin
Andersen, who has been appointed Independent Non-executive
Director, increasing the number of Independent Directors to four.
The Board is made up of a majority of Independent Directors and we
have publicly committed to appointing another Independent Director
to further strengthen the Board together with its diversity and
independence. The Company also completed a full remuneration policy
review, with executive incentives now linked to a range of ESG
metrics.
Our strong governance stance has also resulted in a third
employee engagement survey supported by the appointment of Vitalii
Lisovenko as the Non-executive Director designate for workforce
engagement. We had, and continue to have, a renewed focus on
shareholder and key stakeholder engagement. We believe that it is
paramount to the success of Ferrexpo to ensure that all
shareholders and stakeholders alike have the opportunity to provide
feedback so that the Company can continue to make the necessary
changes to ensure continued success.
KEY PRIORITIES FOR 2021
Looking to the year ahead, our main focus continues to be the
health and wellbeing of all our employees. As parts of the world
begin to open up and ease restrictions, we believe it is more
important than ever to stay vigilant to safeguard the health of our
employees to the best of our abilities.
We are incredibly proud of the advancements we have made in
reducing our emissions and we expect a similar trajectory in 2021.
Our strong governance stance will also be continued with the Board
intending to make an additional appointment of an Independent
Non-executive Director in due course and succession planning at
Board and management level.
Diversity on a Board is paramount in navigating the complex and
dynamic issues that all companies face. In order for a Board to
function to the best of its abilities, it is our belief that one
needs to have a group of directors chosen regardless of their
individual demographics. During 2020, Ferrexpo made strong
movements in establishing a high performing, diverse and inclusive
workforce, one that is free from discriminatory
behaviours/practices, a goal which we continue to strive towards in
2021.
With so many of us relocating our offices to the home, cyber
security has never been more important. We plan to focus on
improving our security standards to ensure that we can continue to
deliver uninterrupted growth to our shareholders.
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Tavistock:
Jos Simson
Gareth Tredway +44 207 920 3150
Annabel de Morgan ferrexpo@tavistock.co.uk +44 778 855 4035
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine. It has been mining, processing and selling high quality
iron ore pellets to the global steel industry for over 40 years. In
2020, the Group produced 11.2 Mt of iron ore pellets, a 7% increase
on the prior year. The Company is ranked as the world's 3(rd)
largest exporter of pellets to the global steel industry with a
market share of approximately 9%. Ferrexpo has a diversified
customer base supplying steel mills in Austria, Germany, Japan,
South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey,
Vietnam and America. Ferrexpo has a premium listing on the main
market of the London Stock Exchange under the ticker FXPO. For
further information, please visit www.ferrexpo.com.
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