PR Newswire
MOSCOW, July 19, 2017
MOSCOW, July 19, 2017 /PRNewswire/ --
Group Releases Latest Corporate Social Responsibility Report
MMC Norilsk Nickel PJSC (Nornickel; MCX: GMKN, LSE: MNOD), the world's largest nickel and palladium producer, released its annual Corporate Social Responsibility (CSR) report on Wednesday, detailing the company's performance in 2016 and progress towards achieving environmental and social responsibility goals set for 2023.
In 2016, Nornickel spent US $383 million on environment protection, up 8.9% year on year, including US $142 million on capital investment, and, specifically, on operational equipment in order to improve its efficiency and reduce its environmental impact. The group's total expenditure on environmental protection and specifically on capital investment amounted 4.6% and 1.7% of its consolidated revenue respectively, underscoring its determination to become a mining industry leader in sustainability.
Vladimir Potanin, President and CEO of Nornickel said: "We are on a journey to becoming a global leader in sustainability in the natural resources industry. In 2016, we achieved a significant milestone in our environmental modernisation program by closing down an outdated nickel smelting plant in Norilsk. We will continue to endeavour to make our production cleaner and safer, and to meet the highest standards of sustainable development. I'm convinced that only businesses that care about the environment, about its people and about the communities in which they work can be truly efficient."
Last year, the company completed the decommissioning of its nickel smelting plant in Norilsk (Russia) ahead of schedule while expanding its nickel smelting capacity at other sites. The closure of the Norilsk facility was accompanied by extensive investment in a socially-responsible restructuring programme which included re-training employees and helping them find new employment.
The group also continued modernising the Talnakh concentrator and Nadezhda Metallurgical plants, which also contributed to a significant reduction in sulphur dioxide pollution over Norilsk's residential areas.
Other highlights:
US$ values provided above are based on the weighted average exchange rate of 67.0349 Russian roubles per 1 US$; the original values are in the national currency.
To access the full version of the report in Russian please visit: http://www.nornik.ru/assets/files/2017/N_CSO2016.pdf
An English version will be published shortly.
ABOUT THE COMPANY
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Phone: +7-(495)-785-58-00
Email: pr@nornik.ru
Investor Relations:
Phone: +7-(495)-786-83-20
Email: ir@nornik.ru
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