Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Ceased all coal handling operations at its VSC terminal as of September 2021
• Reduced energy usage across the Group, with electricity and fuel consumption per tonne of cargo handled falling for the fourth straight year.
• Introduction of green electricity charging points; greater use of electric vehicles and electric cranes; introduction of more efficient plant and machinery.
• Stopped generating electricity using natural gas at one of the terminals.
• Financed work to de-pollute Lake Solyonoye and rid it of harmful oil products at VSC terminal.

Social Achievements

• Maintained unwavering commitment to safety, paying high attention to protecting the health and wellbeing of employees, contractors, customers and suppliers.
• Improved safety processes and controls and implemented the Fatal 5 programme.
• Improved working conditions and personal development opportunities for employees.
• Group contributed to social and community initiatives focused around health, education, welfare and culture.
• VSC’s Atmosphere Foundation contributed RUB 20 million for medical, sports, environmental, social, and cultural projects.

Governance Achievements

• Continued to make improvements to ensure the Group continues to meet high standards of governance.
• Implemented a 24/7 confidential whistleblower service.
• 20 reports submitted to the confidential whistleblower service, 15 required full investigation and follow-up actions.
• Improved executive remuneration disclosure and ensured alignment with shareholders by adding sustainability performance indicators linking sustainability performance to bonus incentives for some of the senior management.

Climate Goals & Targets

Environmental Challenges

• Climate change related threats such as rising sea levels or severe weather events.
• Need to improve decarbonisation efforts.
• Maintaining a safe working environment in a high-risk industry.

Mitigation Strategies

• Focus on both adaptation and mitigation measures through cutting greenhouse gas emissions, improving infrastructure resilience, and continuing to innovate.
• Ongoing measures such as the introduction of more energy-efficient lighting systems and heating systems.
• Introduction of green electricity charging points, greater use of electric vehicles and electric cranes, and more efficient plant and machinery.
• Implementing a zero-harm strategy focused on building a sustainable safety culture.
• Implementing the Fatal 5 programme to reduce five major recurring risks.

Supply Chain Management

Responsible Procurement

• Group’s Code of Ethics
• Group’s Procurement Policy
• Periodic reviews and audits of suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Rising sea levels
• Severe weather events