ALROSA starts drawing up 2030 Environmental and Climate strategies

October 22, 2021 – ALROSA has chosen a strategic associate to assist draw up its environmental and local weather methods till 2030, with a horizon to 2050.

ALROSA has begun drawing up Environmental and Local weather Methods to 2030, with a horizon to 2050. The corporate has chosen McKinsey & Firm as its strategic marketing consultant for the undertaking. The creation of those methods might be ALROSA’s subsequent step in complying with and actively selling accountable enterprise requirements, reinforcing client belief and making certain the sustainable improvement of the {industry} at giant.

By drawing up Environmental and Local weather Methods, ALROSA plans to:

• Conduct an evaluation of local weather and environmental challenges and dangers, develop a technique for assessing these, improve the effectivity of its environmental influence danger administration system;
• Develop a strategy for assessing different oblique emissions (scope 3);
• Draw up a long-term plan to scale back the corporate’s carbon footprint and its influence on local weather change;
• Enhance the transparency of its actions to guard the surroundings and fight local weather change, and supply all stakeholders with full and correct info on them;
• Create a clear and understandable system of KPIs, and draw up and implement technical and organisational options to realize them primarily based on international greatest practices.

The methods might be primarily based on an in depth examine of ALROSA’s manufacturing services and personal collected database primarily based on long-term research of environmental influence, each within the Firm’s space of operation and surrounding areas. The paperwork might be submitted to the ALROSA Supervisory Board within the first quarter of 2022.

This follows the corporate’s Supervisory Board approving an Environmental Coverage and a Sustainable Improvement Programme for 2021-2025, which enshrines ALROSA’s underlying rules and strategy to environmental and sustainable improvement. It additionally units aims and targets on key facets comparable to environmental safety and local weather change. In step with the Programme, ALROSA plans not solely to tremendously cut back its environmental influence within the areas the place it operates, but in addition promote the adoption of superior sustainability practices amongst its enterprise companions.

Sergey Ivanov, ALROSA’s CEO, stated: “Sustainable improvement and accountable enterprise are at this time inherent parts of the worldwide financial system. An organization’s success is now largely outlined by its skill to be environment friendly and environmentally and socially accountable. As a key participant within the international diamond {industry}, our firm has for a number of years now been engaged on incorporating industry-leading sustainable improvement practices in its enterprise mannequin. I’m assured that the profound experience of McKinsey & Firm’s specialists, and their expertise of drawing up Environmental and Local weather methods for main worldwide corporations, will assist to spice up the introduction of greatest options and practices in ALROSA’s manufacturing cycle.”

For info

ALROSA is a key participant within the diamond {industry}’s system of self-regulation, together with the Pure Diamond Council, the World Diamond Council and the Accountable Jewelry Council requirements. In March 2021, ALROSA joined the UN World Compact. The obligations undertaken as members of those organizations demand a excessive normal of accountability from ALROSA in time period of the influence of its actions and the whole diamond provide chain on the social and pure environments within the areas the place it has a presence.

The corporate implements over 500 neighborhood initiatives and nature conservation initiatives yearly, allocating round 8% of its annual income to them as a part of its international ‘Diamonds that Care’ programme. At a degree of 20-25 bn RUB per yr, ALROSA’s social and environmental investments are comparable in dimension with its funding in technical retooling, manufacturing services and infrastructure.