Nornickel has presented its latest sustainability report for 2024, confirming its commitment to a long-term strategy for responsible metals production.
Last year, the company invested 374 billion rubles ($4.67 billion), or 32% of its annual revenue according to the consolidated financial statements, in environmental responsibility, social investment and corporate governance (ESG) efforts.
“At Nornickel, we view sustainable development not as a set of separate initiatives, but as a fundamental transformation of the very essence of our business. The results of 2024 reflect this deep commitment - from the introduction of advanced environmental technologies and reducing the impact on unique Arctic ecosystems to the formation of a culture of safety and respect for human rights,” said Stanislav Seleznev, vice president for industrial safety, labor protection and environment at Nornickel.
According to the company's report, it recorded a total of 3 fatal occupational accidents last year, a historical minimum. The loss-to-injury frequency rate (LTIFR) was 0.64, an average level within global mining industry.
The company improved social and living conditions for 11,800 employees, having completed major repairs at 187 social facilities and housing. Wages were up 10%, and the average monthly wage is 2.1 times higher than in Russia in general.
In the area of environmental protection, Norilsk Nickel fully complied with its obligations under the Sulphur Program, having utilized 390,000 tons of sulphur dioxide in the reporting year. The utilization level in the technological chain exceeded 99%. These measures contributed to a 23.5% reduction in pollutant emissions. In addition, the company launched a comprehensive air quality monitoring program to continuously monitor emissions.
Theodor Lisovoy, Managing Editor, Rough&Polished
