SUSTAINABILITY REPORT

For 90 years, reliability has been a hallmark and defining feature of the Company. We believe it is important that, during this period of managerial and operational transformation, Nornickel remains focused on what truly matters and actively encourages employees to embrace these renewed values as a foundation for collective progress.

Nornickel’s sustainability management is focused on supporting strategic business priorities while maintaining continuous stakeholder engagement, ensuring corporate transparency, and enhancing environmental protection and social well-being of both employees and local communities.

The well-being of people who live in Nornickel’s host cities and work at the Group’se nterprises is a crucial aspect of the Company’s socially sustainable development. This was why, in the reporting year, the Company approved its updated HR Strategy for 2024–2026, reflecting its commitment to three objectives that are, among other things, key enablers of the strategic goals of its business.

Employee health and safety (H&S) is one of Nornickel’s strategic priorities. This priority is set out in the Company’s three corporate values, the 2030 Socially Sustainable Development Strategy, Key Focus Areas in Occupational Health and Safety for 2023–2025, and MMC Norilsk Nickel’s Occupational Health and Safety Policy.

The Company’s 2030 Socially Sustainable Development Strategy sets out its goals, KPIs, and relevant measures aimed at securing leadership in shaping the industry’s social agenda and delivering a new quality of life for local communities and indigenous peoples.

Global warming issues are of particular relevance to Nornickel, as the Company’s core production and energy assets are located within the Arctic zone. Various experts estimate that the average surface temperatures in the Arctic are rising three to four times faster than the global average, posing additional operational risks. The primary threat stems from permafrost thawing, which undermines the stability of building and structure foundations.

The Company’s green metals basket is already widely used in transport, infrastructure, renewables, and hydrogen energy sectors. In addition, Nornickel plans to launch new products based on its metals for use in areas such as hydrogen and solar energy as well as aviation fuels.

In conducting its core operations and building business relationships with stakeholders, Nornickel adheres to the principles of honest and ethical business conduct and maintains a zerotolerance approach to all forms and manifestations of corruption at every level of the organisation.