Alrosa scored amongst the highest in international ratings agency S&P Global Ratings\u2019 ESG credit indicators for companies in the global metals and mining sector. These indicators are a part of a company\u2019s credit rating assessment and are designed to ensure additional information disclosure when assessing an issuer\u2019s credit rating. They also reflect the view of S&P\u2019s analysts on the extent to which environmental, social and governance factors impact its credit rating. This impact is scored on a scale of 1 (positive impact) to 5 (negative impact).<\/p>\n\n\n\n
Alrosa\u2019s scores turned out to be amongst the best in the metal and mining sector:<\/p>\n\n\n\n
Environmental factors: the company was awarded a score of 3 (moderately negative impact). The report notes, in particular, that Alrosa\u2019s environmental risks relating to mining are \u201cless pronounced\u201d due to the relative simplicity and safety of the process of mining and processing diamond ore: most of the mines are open-pit and no chemicals are used in the extraction process. In addition, the company looks better than others thanks to the high share (90% of total consumption) of renewable electricity used in its processing facilities.<\/p>\n\n\n\n
Governance factors: Alrosa scored a 3, reflecting the agency\u2019s overall assessment of the corporate governance risks typical of companies operating in Russia.<\/p>\n\n\n\n
Social factors: Alrosa scored a 2 (neutral impact) \u2013 higher than for most similar companies. In the agency\u2019s view, the health and safety risks typical of the extractive industry are balanced in Alrosa\u2019s case by the company\u2019s more substantial contribution to the regions where it operates and its considerable social spending relative to other companies in the sector. As reported previously, in August of this year, S&P Global Ratings raised Alrosa\u2019s stand-alone credit profile from BBB- to BBB \u2013 above sovereign. The stable outlook on this rating reflects the agency\u2019s confidence that Alrosa\u2019s financials will remain at a comfortably high level over the next two years, thanks, amongst other factors, to the company\u2019s balanced financial and dividend policies at a time of stable demand and limited global diamond supply. In 2021, Alrosa also improved its score in S&P Global\u2019s corporate sustainability assessment. <\/p>\n","protected":false},"excerpt":{"rendered":"
Alrosa scored amongst the highest in international ratings agency S&P Global Ratings\u2019 ESG credit indicators for companies in the global metals and mining sector. These indicators are a part of a company\u2019s credit rating assessment and are designed to ensure additional information disclosure when assessing an issuer\u2019s credit rating. They also reflect the view of…<\/p>\n","protected":false},"author":1,"featured_media":13099,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-13096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n