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.