ALROSA reported to Carbon Disclosure Project for the first time

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ALROSA received its first score from Carbon Disclosure Project (CDP) for its ESG climate change disclosure.

ALROSA in 2020 for the first time reported to CDP (Carbon Disclosure Project), one of the most reputable ESG rating agencies focusing on environmental reporting. The company provided the agency with information for 2019 according to the “Climate change” questionnaire and received a D score (Disclosure level).

ALROSA pays careful attention to environmental protection and combating climate change on the planet. The Company’s strategic goal in this area is to ensure environmentally balanced and safe production by mitigating its impact on the environment. In 2019, ALROSA allocated RUB 7.7 bn or 3.2% of its revenue to finance environmental projects.

The Company aims to comply with the highest ESG standards for operations and disclosures while also continuing to improve its sustainability practices.

In 2019, ALROSA’s social investments totalled RUB 12 bn, including pension payments and contributions under regional development programmes, corporate social programmes for employees and their families, as well as about 500 social and charitable projects. The Company’s environmental expenses amounted to RUB 7.7 bn.

ALROSA remains on the FTSE4Good index and maintains a BB rating from MSCI ESG, which evaluates companies’ environmental, social, and corporate governance performance. On top of that, the Company is among the Top 10 environmentally responsible mining companies in Russia as ranked by WWF Russia and a joint project of UNDP, GEF and the country’s Ministry of Natural Resources. In 2019, ALROSA received a Diamond Empowerment Fund (DEF) award for community stewardship.

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.

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