Moscow, September 2019 – ALROSA confirmed its status as a leader among gold and diamond mining companies in terms of investments in social programs, according to a study conducted by the PwC Advisory.
The study, which is based on the official reports of companies who mine precious metals and rough diamonds, covers the period from 2016 to 2018 and focuses on key aspects of sustainable development, including investments in social programs and environmental protection measures, energy and water consumption, greenhouse gas emissions, and the number of female employees.
Every year ALROSA allocates 3% of its revenue to social expenses and remains the absolute industry leader by this indicator. In 2018, the company allocated almost $168 million for social investments, including regional development programs, corporate social programs for employees and their families, as well as about 500 social and charitable projects (comparative tables for other companies in the industry are attached).
ALROSA’s expenditures on environmental activities exceeded $76 million in 2018, which amounted to 2.2% of the company’s consolidated revenue. The company strives to minimize its environmental impact and is responsible for a wide range of measures, including investments in treatment facilities, land reclamation, financing of environmental studies, monitoring and other initiatives.
In accordance with GRI reporting standards, the disclosure of information about the personnel indicates that the company supports equal opportunities. According to a PwC research, ALROSA employs the highest percentage of women – 34% of the total number of employees. In terms of the average number of hours of personnel training, the company is slightly behind other representatives of the industry; however, ALROSA has a powerful training center – about 99% of the total number of professional development courses are held at ALROSA’s own site.
ALROSA is also significantly ahead of other companies in terms of the share of recycled water supply and reused water in production processes – currently this share accounts for over 90% of the total water intake.
As can be seen from the study, the company continues to reduce greenhouse gas emissions every year, and gradually upgrades its mining and passenger transport, converting it from diesel and gasoline engines to gas ones. As of 2018, 300 units of the company’s transport are powered by natural gas, and greenhouse gas emissions in the CO2 equivalent have been reduced by half over the past five years.
In 2016-2018, ALROSA significantly reduced the share of carbon-intensive fuels in total energy consumption. Thus, the amount of coal consumed decreased by 80%, diesel fuel – by almost 90%, and crude oil – by half. Moreover, the share of renewable energy exceeds 90% in the total amount of energy consumption.
“ALROSA is a company of regional significance in Yakutia, with about 50,000 people living in our monotowns today.Therefore, social responsibility is our top priority and we continue to be one of the leaders in this area. We also contribute to the social and economic development of the Arkhangelsk region, where our subsidiary Severalmaz operates. Our social investments in 2018 amounted to almost $168 million. Separately, the company finances environmental projects, for which we allocated over $76 million. These results achieved by ALROSA last year were made possible thanks to the efforts of all the company’s employees,” said Sergey Ivanov, CEO of ALROSA.
ALROSA sustainability benchmark report (LINK)
Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.
