ALROSA has been included for the first time in the FTSE4Good international rating, which is an indicator of compliance with internationally recognized standards of corporate social responsibility, company’s press-service reports.
FTSE4Good Index Series is designed to support investment in companies based on their environmental, social and governance criteria. All the companies in the FTSE4Good Index meet stringent environmental, social and governance criteria.
“The inclusion in the FTSE4Good international index is a remarkable event for ALROSA. We are pleased to see our company as part of one of the world’s largest sustainable development ratings. As a mining company, ALROSA primarily works to minimize the negative impact on the environment, strives for the rational use of mineral resources, and as a region-forming enterprise it responsibly approaches the development of the regions of its presence, taking into account the interests of the indigenous people, observing the rights of the employees and implementing corporate social programs. To strengthen the status of a socially responsible company, we will continue to improve the effectiveness of our social and environmental policy,” said ALROSA President Sergey Ivanov.
ALROSA pays great attention to the issues of corporate social responsibility. In 2016, ALROSA’s social investments, including regional development programs, corporate social programs for the employees and their family members and charity projects exceeded RUB 10 billion, and the costs of environmental activities amounted to RUB 5.5 billion.
ALROSA also has a BBB rating (medium) in the MSCI ESG rating system that assesses environment, social responsibility and corporate governance. Besides, the Company ranks third in the environmental responsibility rating of Russian mining companies developed on the initiative of the World Wildlife Fund (WWF) of Russia and the UNDP / GEF project of the Ministry of Natural Resources of Russia.