Alrosa received its first score from Carbon Disclosure Project (CDP) for its Environmental, Social, and Corporate Governance (ESG) climate change disclosure.
Alrosa in 2020 for the first time reported to Carbon Disclosure Project (CDP), 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).
In 2019, Alrosa allocated RUB7.7 billion or 3.2% of its revenue to finance environmental projects. The company’s strategic goal in this area is to ensure environmentally balanced and safe production by mitigating its impact on the environment.
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 RUB12 billion, 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.
Alrosa remains on the FTSE4Good index and maintains a BB rating from MSCI ESG, which evaluates companies’ environmental, social, and corporate governance performance. In addition, 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.
Photo courtesy (c) Alrosa