Nornickel’s sustainability management is focused
on supporting strategic business priorities while maintaining continuous stakeholder
engagement, ensuring corporate transparency, and enhancing environmental protection and
social well‑being of both employees and local communities.
The documents are available
at the Companywebsite.
The Company’s matrix approach to management
splits responsibilities for specific sustainability aspects among various functions
of the Head Office, branches, and business units of the Company.
The Board of Directors, Management Board, and dedicated committees oversee most
environmental, social, and governance (ESG) aspects. Specifically, the Sustainable
Development and Climate Change Committee of the Board of Directors provides
regular monitoring and supervision of relevant programmes and practices.
As the key unit responsible
for sustainability, the Sustainable Development Department:
ensures the Company’s systematic approach
to operating an effective sustainability management model and enforcement
of related principles;
evaluates and ensures compliance
of the Company’s activities with national and international standards and
guidance, as well as the requirements of leading associations,
agencies, and other stakeholders;
contributes to building the Company’s
positive image and reputation in sustainability, including by preparing and
enhancing annual non‑financial reports and developing a unified system
of corporate reporting indicators, with data reliability verified
by an independent auditor;
manages cross‑functional sustainability projects
in cooperation with the Company’sunitsand external experts and organisations;
develops a responsible supply chain and
related tools;
oversees the Company’s methodological
framework on climate change and associated risks;
mitigates sustainability risks;
coordinates the identification and analysis
of key stakeholders and the development of annual stakeholder engagement
plans;
manages the Company’s communication with
stakeholders in line with sustainability best practices and standards.
Since 2024, oversight of the implementation
of sustainability policies and internal procedures has been assigned
to the Vice President for Ecology and Industrial Safety – a step driven
by changes in the Company’s management model, aimed at improving
operational efficiency.
Sustainability KPIs of Nornickel’s top
management
TNFD Ga
The Nornickel Group’s team KPIs include
performance indicators related to health and safety
as well as environmental performance. In 2024, these metrics had
a weight of 30% and 10%, respectively, within the Group’s annual team KPIs.
Period
The Group’s annual team
KPIs
Long‑term KPIs
Focus area
Health and safety
Environment
Health and safety
KPI weight
30%
10%
5%
KPI target
Achievement
of the H&S plan (including FIFRFatal injury
frequency rate.)
Zero environmental incidents
Achieve the target
maturity level for the Group’s safety culture
Split of responsibilities for key areas
of sustainable development at the end of 2024
GRI 2‑9, 2‑12, 2‑13 / TCFD Gb / TNFD Gb
Membership of sustainability initiatives and
associations, and compliance with sustainability standards
GRI 2‑28
As a member of a number
of associations, Nornickel aligns its activities with national and international
sustainability standards, guidance, and initiatives and integrates new management approaches
and mechanisms in this area, while applying and promoting global and industry best
practices.
Recommendations
of the Task Force on Climate‑related Financial
Disclosures (TCFD)
Since 2019, the Company
has applied the TCFD recommendations
in its sustainability reporting. Nornickel has released
two Climate Change Reports to date, with their alignment with
the TCFD recommendations confirmed by an independent
assurance report. For more details, pleasesee theClimate Changesection andNornickel’s 2024
Climate Change Report
Recommendations
of the Taskforce on Nature‑related Financial
Disclosures (TNFD)
IFRS S1 General Requirements
for Disclosure of Sustainability‑related Financial
Information and S2 Climate‑related Disclosures
The Company
continued piloting climate‑related disclosures in line with
the formats outlined in IFRS S2 (for more
details, please seeNornickel’s 2024
Climate Change Report)
In parallel,
to further enhance its IFRS S1 and S2 reporting
framework, the Company evaluated the significance
of sustainability aspects that generate certain risks and
opportunities for the Company in stakeholder
decision making regarding Nornickel
OrderNo. 764
of the Russian Ministry of Economic Development,
On Approval of Methodological Recommendations
for Sustainability Reporting, dated 1 November 2023
The Company regularly
undergoes certification and surveillance audits for conformity
to ISO standards (with the certificates
of conformity published on the Company website)
Nornickel’s ESG scores
Nornickel won the national Responsible
Business Leadership award
Held for the second time,
the award process recognised businesses for their contributions
to societal development.
Nornickel presented two initiatives
that contributed to addressing major social challenges across
its footprint: the Committed to Health and Care programme and
the programme to promote the social and economic development of Taimyr.
Lastyear, Nornickel was also among
the top performers, receiving a
1st degree award
Nornickel has reaffirmed
its leadership in business transformation aligned with
the sustainability agenda. The Company consistently publishes
non‑financial reports and engages in dialogue with stakeholders. I would
like to highlight that all sustainability activities have already been
embedded into its core operations. Thus, what was once a “vision”
has evolved into routine management.
Alexander Plakida,Board Chair, UN Global Compact Russia
MED‑39 / TNFD A15.0
By enhancing its approaches
to sustainability management and integrating advanced environmental and social
practices, the Company achieves higher positions in ratings, rankings, and
indices.
Rating providers
ESG scores
For the full list
of ESG rankings and ratings by RAEX, please
see the website.
