Public Joint-Stock Company Moscow Exchange MICEX-RTS
Climate Impact & Sustainability Data (2016, 2023)
Reporting Period: 2016
Environmental Metrics
Total Carbon Emissions:728,468 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:268,093 tCO2e/year
Scope 2 Emissions:460,375 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:7,020 TJ/year
Water Consumption:14,477,000 m3/year
Waste Generated:73,973,958 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Protecting the environment
- Valuing our employees
- Ensuring their health and safety
- Supporting local communities
- Creating economic value
Environmental Achievements
- Maintained a long track record of zero environmental incidents
- Became signatories to the International Cyanide Management Code
- Included biodiversity conservation and restoration in our Environmental Management System (EMS) and Corporate Environmental Policy
- Reduced GHG emissions intensity at mature mines by 5%
- Decreased energy intensity of ore mining and processing by 6% Group-wide.
Social Achievements
- Invested more than US$5 million in local communities and constructed or upgraded over 50 community facilities
- Decreased staff turnover rate from 8.3% to 5.5%
- Invested US$866 thousand in professional training, with 82% of employees receiving development training
- Upgraded social benefits package
- Signed collective bargaining agreements at new operations
Governance Achievements
- Introduced new policies on human rights and carbon management
- Achieved re-certification of EMS and Occupational Health and Safety Management System
- Reaffirmed as a member of the FTSE4Good Index and included in the STOXX ESG Leaders index
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Develop corporate energy management system in compliance with ISO 50001 standard
- Consider using renewable energy sources (wind and solar) at remote production sites
Short-term Goals:
- Upgrade EMS to comply with the 2015 version of ISO 14001 standard and certify it in 2018
- Complete reconstruction of the dump facility for solid domestic and industrial waste in Lunnoye
- Implement biodiversity conservation action plan
Environmental Challenges
- Workplace accidents resulting in four fatalities
- Potential harm to local communities from operations
- Challenges in managing risks associated with underground mining operations in challenging geomechanical conditions
- Managing water usage and mitigating the threat of flooding
- Securing energy supply in remote locations
Mitigation Strategies
- Introduced a positioning system to improve safety in underground operations
- Implemented major improvements in risk management procedures
- Strengthened safety procedures, especially those aiming to reduce the risk level in our underground mines
- Continued Group recertification of safety in compliance with OHSAS 18001
- Maximising water recycling and reuse
- Assessing options for sourcing energy from alternative and renewable sources
- Implementing energy and cost efficiency programmes
Supply Chain Management
Supplier Audits: 3,744 companies audited in 2016
Responsible Procurement
- Compliance with all applicable laws and regulations, EMS, and requirements around packaging, noise, pollution and emergency preparedness
- Use of e-procurement system for increased transparency
- Audits to ensure ethical suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Severe weather conditions disrupting operations
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI G4 Sustainability Reporting Guidelines
Certifications: ISO 14001, OHSAS 18001
Third-party Assurance: PwC
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 8 (Decent work and economic growth)
- Goal 13 (Climate action)
Aligned business strategy with the SDGs; initiatives contributing to decent work, economic growth, and climate action.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Reaffirmed membership in FTSE4Good
- Included in STOXX ESG Leaders
- Various awards for employees and projects
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainability
Environmental Achievements
- Not disclosed
Social Achievements
- Launched Investor Protection Club
- Increased financial literacy programs reaching over 700,000 people through the Investor’s Way course and Moscow Exchange School.
Governance Achievements
- Achieved ISO 37301:2021 Compliance Management System certification at the Group level.
- Won the “Development of a culture of trust in the financial market” category of Russian Compliance Award 2023.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Geopolitical tensions and sanctions impacting the Russian economy and financial markets.
- EU blocking sanctions against NSD.
- Increased market volatility and inflation.
Mitigation Strategies
- Implemented temporary restrictive economic measures.
- Filed a lawsuit to appeal against sanctions on NSD.
- Developed solutions to unblock customer assets.
- Monitored changes and took measures to maintain financial stability.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Competitive procedure for selecting contractors
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Bank of Russia’s Corporate Governance Code, G20/OECD corporate governance principles, International standards and principles relating to corporate social responsibility and sustainable development
Certifications: ISO 37301:2021, ISO/IEC 27001:2013, ISO 22301:2012
Third-party Assurance: Bureau Veritas Certification Rus
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Russian Compliance Award 2023
- 1st place diploma in the Investment Product or Service category at the 13th annual FINAWARD-23