ALROSA has been ranked amongst the top 10 – achieving 8th place -- by independent rating agency RAEX-Europe in its annual ESG ranking.  

“The ranking assesses companies' performance against environmental, social and governance strategies,” ALROSA explained when making the announcement. “There are 30 major Russian companies from different business sectors within RAEX-Europe ESG ranking.”

ALROSA further asserted that, “Adherence to the ESG principles implies that the company implemented Environmental, Social and Governance aspects in its strategy and business in accordance with best practices.”

The ESG ranking assesses how the company affects the ecological and social environment, based on an optimal set of selected indicators; as well as analyses the degree of its exposure to social and governance risks.

Sergey Ivanov, CEO of ALROSA, commented: “As the global leader in diamond mining and a major Russian subsoil user, ALROSA confirms its commitment to sustainable development standards in environment, social responsibility and corporate governance. The company will continue implementing the latest energy and resource-saving technologies, improve corporate governance, invest in human capital and the social aspect in the regions of presence.”

The parameters taken into account by RAEX-Europe to arrive at the rating include indicators such as water use, waste and air emissions, social expenditures and human capital investments, as well as the frequency of accidents, the number of independent board members, the free float share and the company's position in Transparency International corporate reporting rating.

ALROSA’s allocation on social investment in 2018 amounted to almost 11 billion rubles; and its expenditure on environmental protection exceeded 5 billion rubles.

ALROSA has a lot of feathers in its cap with regards to its performance in ESG  aspects: it is a constituent of the FTSE4Good Index Series created by the global index and data provider FTSE Russell, which measures the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices; and ALROSA also has a BB rating in the MSCI ESG rating system that assesses environment, social responsibility and corporate governance. Apart from this, the Company is also amongst the top 10 of the environmental responsibility rating of Russian mining companies developed on the initiative of the World Wildlife Fund (WWF) of Russia and the UNDP/GEF project of the Ministry of Natural Resources of Russia.

In 2019, ALROSA received peer recognition in the form of the Diamond Empowerment Fund (D.E.F.) award for implementing social projects in the regions where it operates (Community Stewardship).