(Moscow, Russia) ALROSA has entered the top 10 of the annual ESG ranking of the RAEX-Europe independent rating agency. The ranking assesses companies’ performance against environmental, social and governance strategies. There are 30 major Russian companies from different business sectors within RAEX-Europe ESG ranking.
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. ESG ranking assesses the optimal set of selected indicators that show how the company affects the ecological and social environment, as well as a degree of its exposure to the social and governance risks.
In 2019, ALROSA ranked 8th in the ESG ranking.
“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,” commented Sergey Ivanov, CEO of ALROSA.
RAEX-Europe takes into account such indicators 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.
In 2018, ALROSA allocated for social investments almost 11 billion rubles; environmental expenditures exceeded 5 billion rubles.
ALROSA 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. ALROSA also has a BB rating in the MSCI ESG rating system that assesses environment, social responsibility and corporate governance. Besides, the company is in 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, the company received the Diamond Empowerment Fund (DEF) award for implementing social projects in the regions where it operates (Community Stewardship).