https://www.miningweekly.com

Alrosa invests 8% of revenue on ESG

29th July 2021

By: Creamer Media Reporter

     

Font size: - +

Russia’s Alrosa has invested 15.8-billion ruble ($216-million) in social and environmental initiatives in 2020.

“The company retained its leadership position for ESG investments in the diamond industry in 2020, contributing around 8% of our total revenue,” says CEO Sergey Ivanov.

Social investments amounted to 10.2-billion ruble ($141-million) and included contributions to pension fund under non-state insurance programmes for employees, financing regional development projects and corporate social programmes for employees and their families, as well as supporting charitable and sponsorship projects. A large proportion of the funds was spent on developing of social infrastructure, including healthcare, recreation, education, cultural and sports facilities.

About 5.6-billion ruble, or $70-million, was invested in environmental initiatives, with the majority of funds going towards waste management and recycling projects, as well as projects aimed at reducing water intake from natural water supply systems, water recycling at concentrators, reducing direct greenhouse gas emissions, and energy efficiency and land rehabilitation projects.

The social and environmental investments are in addition to more than one-billion rubles ($14-million) allocated to anti-Covid measures.

Edited by Creamer Media Reporter

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION