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RESILIENCE
THROUGH
DIVERSIFICATION
Integrated Report 2020
In recent years, SUEK has evolved from a single product company into a diversified organisation.
Andrey Melnichenko, SUEK’S BENEFICIARY
COAL
ENERGY
LOGISTICS

DIVERSIFYING REVENUE STREAMS
We provide high-quality utilities and transportation services as well as a range of commodities to millions of consumers and enterprises in Russia and globally.

Energy

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RELIABILITY AND ENVIRONMENTAL FOCUS
Oleg Petrov
Our key priority is to maintain an uninterrupted and high-quality supply of electricity and heat to all of our customers. Another of our key objectives is the reduction of pollutant emissions by further increasing the share of co-generated electricity and heat we produce.
Oleg Petrov, TECHNICAL DIRECTOR OF ENERGY DIVISION
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BUILDING LONG-TERM TRUST WITH CUSTOMERS
Caring for environment

LOGISTICS

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DIVERSIFICATION AND OPERATIONAL EFFICIENCY
Ilatovsky
We seek to enhance our operational efficiency in order to smooth out market fluctuations and provide services to external customer. Therefore, we are increasing our fleet of gondola cars under management and exploring adjacent segments: mineral carriers, tanks with hazardous cargo and the transshipment of such cargo through ports.
Denis Ilatovsky, CEO OF NATIONAL TRANSPORTATION COMPANY
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EXPANDING NON-COAL TRANSPORTATION
RESPONSIBLE AT EVERY STAGE OF OUR SUPPLY CHAIN

We are:

  • constantly improving of the management systems across our logistics assets
  • introducing of the best available techniques for transporting and transshipping cargo
  • checking product quality before loading
  • hiring independent surveyors to review our service quality
See how we control our Supply chain

COAL

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BOOSTING OPERATIONAL EFFICIENCY AND HIGH-CV COAL OUTPUT
Sergey Petrov
Our goals for 2021 are to reduce costs and increase production volumes through speeding up the work of sinking crews and relocation work, increasing the working face load during underground mining, and raising the efficiency of mining and transportation activities during open-pit mining.
Sergey Petrov, Director of Coal division
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PRIORITISING HIGH-QUALITY PRODUCTS FOR PREMIUM MARKETS
International sales (MT)
+16%
of sales of HIGH-CALORIFIC VALUE COAL to Asia by 2025
See our Strategy
Prioritising employees safety
0.69

One of the lowest LTIFRs in mining industry due to:

  • constant remote monitoring
  • ensuring production processes safety above- and underground
  • active promoting culture of safe production
See our Health & Safety approach

STRONG FOUNDATIONS

Our new management team supports our purpose and values and is transforming the company
to be closer to our customers, innovative and responsible.

New
opportunities

The company set itself ambitious but exciting targets: updating the strategy and management structure in line with the changed business model, transforming the incentivisation system and fostering a strong corporate culture that reflects the evolution of the business.

Samir Brikho, CHAIRMAN OF THE BOARD OF DIRECTORS
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Q&A with Chairman
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A NEW
approach

Although SUEK has been in existence for 20 years, the company remains dynamic and focused on development and diversification. And, of course, SUEK makes a comprehensive contribution to improving the quality of life in the territories where we operate.

Stepan Solzhenitsyn, CHIEF EXECUTIVE OFFICER
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Q&A with CEO
man

CONSISTENT FOCUS
ON SUSTAINABILITY

There are people that are skeptical about the use of coal. The reality is that coal plays a key role in many parts of the world as a reliable and affordable energy source, especially in the economic development of emerging countries. As we continue to reduce our carbon footprint through the use of technology and best practices, it is our responsibility to ensure that this demand can continue to be met in a responsible manner.

Michael Hogan, CHAIRMAN OF THE HSE COMMITTEE
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Our approach to sustainability
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ENHANCING CONTROLS
FOR EARLY WARNING

SUEK runs and develops an effective compliance system aimed at ensuring that the company’s activities always comply with applicable laws, internal rules and regulations, external liabilities, compliance principles and standards across all business segments and all jurisdictions.

Dmitry Kanterov, CHIEF COMPLIANCE OFFICER
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Our compliance system
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New ways
of thinking

A workforce of qualified and committed employees who believe in SUEK’s mission, share our values, and prioritise safe, professional and honest work is critical to ensure the achievement of strategic goals.

Natalia Yamshchikova, DIRECTOR OF HUMAN RESOURCES AND ORGANISATIONAL DEVELOPMENT
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Q&A with HR director
man

INVESTING
IN THE FUTURE

SUEK's robust cash flow enables us to finance all of our CAPEX projects. We are using a number of different instruments to have stable returns on our investments.

Andrei Vanyushin, CHIEF FINANCIAL OFFICER
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Q&A with СFO
man

ADAPTING
TO A NEW REALITY

The Group is introducing stochastic risk analysis into the processes of strategic planning and investment decision making. We test hypotheses, improve our understanding of the key parameters, calculate the goal achievement probability, stress test project portfolios, strategically assess risks and enhance our strategic decision-making.

Michael Baumgärtner, CHAIRMAN OF THE AUDIT COMMITTEE
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Q&A with СFO Chairman of the audit committee
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