11/18/2021 | Press release | Distributed by Public on 11/18/2021 09:06
November 18, 2021 - ALROSA is among top 10 Russian companies by the quality of disclosure of ESG aspects of the company's operations: environmental, social and governance. ALROSA has been ranked first among gold and diamond mining companies in Russia.
Expert RA rating agency published its inaugural ESG transparency ranking on Wednesday, November 17. It features 134 companies from 21 market segments. Most of them are bond issuers, with shares listed on stock exchange or with an effective credit rating.
While preparing the ranking Expert RA analysts in the first instance considered the information the companies disclose within their annual reports, ESG reports and equivalent documents. ALROSA has been valued the highest in three out of four criteria in question which allowed the company to come 9th in the overall ranking and 1st in the relevant sector.
ALROSA is committed to environmental, social and governance (ESG) matters and meets the highest standards of corporate social responsibility (CSR). The Company executes over 500 social and environmental initiatives every year and allocates around 8% of its annual revenue to these causes as part of its global 'Diamonds that Care' programme. ALROSA's social and environmental investment is comparable to its investment in technical retooling, productive capacity and infrastructure at RUB 20-25 billion (USD 197.9 - 247.3 million) per annum.