Ferrexpo: Completion of the external assurance process for certain sustainability reports

July 25, 2022

Ferrexpo plc

(“Ferrexpo” or the “Company” or the “Group”)

Completion of the external assurance process for certain sustainability reports

Ferrexpo plc (LSE: FXPO), the world’s third largest exporter of high quality iron ore pellets to the global steel industry, with operations in central Ukraine, is pleased to announce that it completed an external assurance process on the Group’s report on key security measures and Scope 1 and Scope 2 greenhouse gas emissions for its performance in 2021.

The limited assurance process was conducted by the Group’s independent auditor, MHA MacIntyre Hudson (“MHA”), and was carried out in accordance with the requirements of the International Standard on Assurance Engagements ISAE (UK) 3000 (revised ) Assurance Commitments (“ISAE 3000”), as published by the International Auditing and Assurance Standards Board.

As part of its first external assurance process, the Group selected its reporting on safety and greenhouse gas emissions as key elements of its reporting. In terms of safety, the Group’s reports on its lost-time accident frequency rate and its total recordable accident rate were selected for insurance as these are the main safety indicators as presented in Ferrexpo’s public reports. and allow comparison of performance against peers. The Group also recognizes the importance of clear and precise reporting of its carbon footprint, and the assurance of its Scope 1 (direct) and Scope 2 (indirect) emissions has therefore also been obtained as part of the same process. Ferrexpo will seek to continue this process of obtaining external assurance of sustainability data in the future, and will seek to increase the number of sustainability topics covered over time.

The assurance process announced today has reviewed the relevant figures as presented by the Group in its annual report and accounts for 2021, which is available on the Group’s website (www.ferrexpo.com).

Details of the completed assurance process, including the assurance report issued by MHA and the reporting criteria for the information covered by this process, have been published on the Group’s website alongside the annual report and accounts for 2021.

Ann-Christin Andersen, Chair of Ferrexpo’s Health, Safety, Environment and Community (“HSEC”) Committee, said:

Today’s news marks an important milestone in Ferrexpo’s sustainability reporting as stakeholders increasingly rely on sustainability reporting to make informed business decisions with which to invest and associate. By completing an external assurance process on key safety and emissions data, we hope to build confidence in our existing reporting and our future plans to further integrate sustainability topics into our strategy for years to come. . It is a credit to our teams in Ukraine and Central Europe that this process was completed in 2022, with minimal delay, due to Russia’s ongoing invasion of Ukraine. I would like to thank everyone involved for helping us achieve this result.

For more information, please contact:


Rob Simmons

[email protected]

+44 207 389 8305


Jos Simson

[email protected]

+44 207 920 3150

Emily Moss

+44 7785 974 264

Gareth Tredway

About Ferrexpo:

Ferrexpo is a Swiss iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (FXPO ticker). The Group produces high-quality iron ore pellets, which are a premium product for the global steel industry and help reduce carbon emissions and increase the productivity of steelmakers when iron ore pellets from the Group are converted into steel, compared to the more commonly traded forms of iron ore. Ferrexpo’s activities have been supplying the global steel industry for more than 50 years and in 2021 the Group produced 11.2 million tonnes of iron ore pellets, placing Ferrexpo as the world’s third largest pellet exporter to Europe. global steel industry with a market share of around 9%. The Group has a global customer base consisting of high-end steel mills around the world, including steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, Czech Republic, Turkey , Vietnam and America. For more information, please visit www.ferrexpo.com.

Shirlene J. Manley