Sustainability management

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 Company’s matrix approach to management splits responsibilities for specific sustainability aspects among various functions of the Head Office, branches, and business units of the Company. The Board of Directors, Management Board, and dedicated committees oversee most environmental, social, and governance (ESG) aspects. Specifically, the Sustainable Development and Climate Change Committee of the Board of Directors provides regular monitoring and supervision of relevant programmes and practices.

As the key unit responsible for sustainability, the Sustainable Development Department:

• ensures the Company’s systematic approach to operating an effective sustainability management model and enforcement of related principles;
• evaluates and ensures compliance of the Company’s activities with national and international standards and guidance, as well as the requirements of leading associations, agencies, and other stakeholders;
• contributes to building the Company’s positive image and reputation in sustainability, including by preparing and enhancing annual non‑financial reports and developing a unified system of corporate reporting indicators, with data reliability verified by an independent auditor;
• manages cross‑functional sustainability projects in cooperation with the Company’s units and external experts and organisations;
• develops a responsible supply chain and related tools;
• oversees the Company’s methodological framework on climate change and associated risks;
• mitigates sustainability risks;
• coordinates the identification and analysis of key stakeholders and the development of annual stakeholder engagement plans;
• manages the Company’s communication with stakeholders in line with sustainability best practices and standards.

Since 2024, oversight of the implementation of sustainability policies and internal procedures has been assigned to the Vice President for Ecology and Industrial Safety – a step driven by changes in the Company’s management model, aimed at improving operational efficiency.

Sustainability KPIs of Nornickel’s top management

TNFD Ga

The Nornickel Group’s team KPIs include performance indicators related to health and safety as well as environmental performance. In 2024, these metrics had a weight of 30% and 10%, respectively, within the Group’s annual team KPIs.

Split of responsibilities for key areas of sustainable development at the end of 2024

GRI 2‑9, 2‑12, 2‑13 / TCFD Gb / TNFD Gb

Membership of sustainability initiatives and associations, and compliance with sustainability standards

GRI 2‑28

As a member of a number of associations, Nornickel aligns its activities with national and international sustainability standards, guidance, and initiatives and integrates new management approaches and mechanisms in this area, while applying and promoting global and industry best practices.

Nornickel’s ESG scores

Nornickel has reaffirmed its leadership in business transformation aligned with the sustainability agenda. The Company consistently publishes non‑financial reports and engages in dialogue with stakeholders. I would like to highlight that all sustainability activities have already been embedded into its core operations. Thus, what was once a “vision” has evolved into routine management.

Alexander Plakida, Board Chair, UN Global Compact Russia

MED‑39 / TNFD A15.0

By enhancing its approaches to sustainability management and integrating advanced environmental and social practices, the Company achieves higher positions in ratings, rankings, and indices.

Rating providers	ESG scores
For the full list of ESG rankings and ratings by RAEX, please see the website.	ESG rating A – high, AA – very high	Position in the ESG ranking (year‑end) 32 2021 26 2022 8 2023 2 2024 1st place in the Metals & Mining ESG ranking
	ESG rating ESG‑III – a high level and ESG‑II – a very high level of planning and implementing sustainability practices. Outlook for 2023–2024: stable	ESG transparency ranking Out of 2, where 0 is low and 2 is high
	ESG level ESG rating This rating signifies a top‑tier score across environmental, social, and governance criteria
&		Level I is a high level of compliance with ESG standards ESG index by NCR and RBC
	Since 2023, Nornickel has been part of the Moscow Exchange’s new stock index: MOEX–RAEX ESG Balanced Index
Corporate Human Rights Benchmark	Score – 21.0 (out of 100.0) The 2023 data are shown.	The Company ranked 28th in the extractive sector and 1st among all Russian companies participating in the rating process

For more details on the Company’s awards in environmental protection, social policy, and innovation, please see the Awards appendix to this Report.