ALROSA has significantly improved its ESG score in the Corporate Sustainability Assessment by SAM S&P, one of the most reputable rating agencies to evaluate sustainable development.
Environmental, social, and corporate governance (ESG) performance is an important benchmark for investors in their decision-making. ALROSA believes sustainable development to be a key factor of long-term resilience, competitiveness, and shareholder and stakeholder value creation.
The Company puts a strong emphasis on improving its sustainability disclosures, which has helped it secure a better position against industry peers in specialist rankings. In 2020, SAM S&P (formerly RobecoSAM), one of the most reputable rating agencies to evaluate sustainable development, markedly boosted its assessment of ALROSA. The Company’s score for 2019 grew to 34 – more than double the previous year’s 15.
The agency noted significant progress in environmental and social and supply chain management as ALROSA scored above average in these categories versus other metals and mining global peers.
The Company strives to consistently 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.