Apr 16, 2018

ALROSA Implemented Over 500 Social and Charitable Initiatives in 2017

Releasing details of the over 500 social and charitable initiatives that it implemented in 2017, ALROSA said that these include providing finances for regional development programs, social infrastructure, charitable and sponsorship projects, corporate social programs for employees and their families, and rendering targeted aid to residents of the main regions of its presence.

The vast majority – over 70%, were implemented in Yakutia, the key region where the Company conducts its core business. Some of these were taken up through the non-profit, “Target Fund for Future Generations of the Republic of Sakha (Yakutia)”, in which the company has invested over 4.5 bln rubles for the whole period of cooperation since 2011, ALROSA reported.

To promote the integrated social and economic development of the republic and its nine municipalities (uluses), targeted assistance was provided in over 100 cases based on appeals received in 2017 from about 200 public, municipal, state organisations and institutions and over 150 individuals.

Among the most significant regional projects was the construction and equipping of the Republican children's rehabilitation center in Yakutsk, which was opened in March 2018. Every year, about 3,000 physically disabled children will be able to receive medical care in the center.

ALROSA also extended support to the development of social infrastructure, and finances for  housing construction and housing and communal sector. For example, a new 130-apartment house was built in Udachny as part of the housing program in 2017. The resettlement of citizens under the program for the demolition of slum dwellings and dilapidated housing continued, the Company said.

As one of the country’s largest industrial corporations, ALROSA supports and finances a number of organizations and major federal events in the field of culture, education, health, and sports.

A few important activities in this area include support to the Northern (Arctic) Federal University named after M.V. Lomonosov in Arkhangelsk, the North-Eastern Federal University named after M.K. Ammosov, the Valery Gergiev Foundation, the Ilze Liepa Charity Foundation for the Promotion of the Development of Choreography and Fine Arts “Culture for Children”, and other organizations.

ALROSA has also been supporting the Russian Ice Hockey Federation, the Russian Wrestling Federation, the Russian Union of Martial Arts, the Russian Kyokushinkai Association, and since 2017 – the VTB United Basketball League and the Federation of Dance Sport and Acrobatic Rock and Roll.

In Yakutia, ALROSA supported and helped repair and equip schools, as well as institutions of advanced and higher education of Mirny district. In addition, it continues to finance 27 pre-school institutions united in the Almazik autonomous non-profit pre-school education organization.

In addition to external projects, ALROSA and its 17 subsidiaries implement 4 corporate social programs each: Wellness and Recreation of Employees and their Children, Healthcare, Culture and Sports, and Housing.

Several thousand cultural, sports, and health and fitness events are organized every year based on over 175 specialized sports sections and club associations where thousands of adults and children practice sport.

Last year, based on the structural subdivision, ALROSA Medical Center, the implementation of the Healthcare program continued, within its framework there are contracts with more than 70 leading medical institutions of the Russian Federation and Yakutia. In addition to this program, in 2017, the company provided additional funds for free medical screening of its employees to diagnose diseases at an early stage – more than 5,000 employees were examined within two months of the program.

“Social investments have always been and remain the most important component of ALROSA’s budget. Along with operational activities, we pay great attention to the stable social and economic development of all regions where our company is present. We are investing heavily in Yakutia – the key region for us. ALROSA seeks to provide a decent standard of living for workers, members of their families and all residents of the diamond province, provide them with health and recreation programs, and opportunities for sports and leisure activities,” said ALROSA CEO Sergey Ivanov.