Since 2014, all Ukrainian businesses have been working on the understanding that there is a war raging in our country, in Donbas. It is still the case. In 2014 and 2015, System Capital Management gained unprecedented experience in operations under the toughest conditions by defining our system of priorities in a crisis situation/in case of military threat/hostilities.
They are the following:
– the lives, health, and safety of our employees and their families are the No. 1 priority
– uninterrupted operation of critical infrastructure enterprises (including energy companies and our bank)
– continuous operation of our other businesses to maintain the stability of the Ukrainian economy, as a strong economy is the most crucial element of the national security in the face of a military threat.
SCM has had the relevant internal procedures in place for eight years, and they are reviewed and updated on a regular basis.
Many of our enterprises belong to the critical infrastructure, forming a backbone in their areas.
This means that in the event of a large-scale crisis, including a new round of war, we will be following not only our internal anti-crisis procedures but also relevant procedures prescribed by the authorities.
By and large, the unity of efforts on the part of society, business, and the government inside the country is now one of the crucial factors of national security. In fact, I think it is the key factor.
In this unity of efforts, the mission of business is to focus on operations of enterprises, stability of the economy, and growth where possible. And also an investment.
At SCM, we suit our actions to our words, contributing to the unity for the sake of the security of Ukraine and the growth of the national economy at every level.
Now, cyber security and data protection are critical for the stable operation of any business in Ukraine, including SCM.
Amid the military threat and unpredictability of the government policy, investors have been leaving Ukraine since December 2021. It is becoming increasingly difficult to raise capital in the global markets.
Ukrainian Eurobonds and stocks have seen falls recently amid the risk of military aggression.
To bolster the stability of the Ukrainian economy and the security of critical infrastructure, we do not just operate as usual, but we have plans for major investments in Ukraine and beyond in 2022.
By investing in Ukrainian production companies (and not only) right now, we are sending the best signal to Ukraine and the world that we believe in our country, we believe in the potential of our economy, and we believe that we all can do everything if everyone does their job well.
To prove my point, here are some facts and figures. We see the main purpose of our investments in Ukraine as modernising Ukrainian companies.
For example, DTEK has a total planned investment of about $1 billion in 2022.
The major projects include a large-scale reconstruction of electric networks in the regions of our operations, installation of digital control rooms, and the launch of new renewable capacities.
In addition, we make large-scale investments in education (American University Kyiv).
Metinvest’s plans for 2022 include large-scale investment in modernisation, implementation of several environmental projects at its Ukrainian plants, and opening of Ukraine’s first private mining and metals university, Metinvest Polytechnic.
For SCM businesses operating outside Ukraine, the key priority is to compete successfully in the global markets, including the West. This allows us to make money, which we then reinvest in Ukraine.
This is how the big money of the world comes to Ukraine: big business wins fair competition in the global market and reinvests the money to create something new in Ukraine. This is what makes the economy grow.
For example, as an investment company, SCM has focused on opening up new world markets for its businesses and building global partnerships, thus attracting global money and the most cutting-edge technologies to Ukraine.
As the biggest investor in the Ukrainian economy, we understand really well that the rebound of the Ukrainian economy, especially now, depends on the success of Ukrainian businesses outside Ukraine.
As an investment company, SCM has long gone beyond Ukrainian borders, because the strength of the nation and the strength of SCM lies in victory on global markets.
What do we do for it?
We keep improving the corporate governance of the company and SCM businesses. And we do so to be more understandable to the world, more transparent, and more accountable.
We have opened our offices in Europe and beyond.
Our businesses win in world markets and join global partnerships.
Our future investments are in Ukraine, and our future growth is international.
