As part of its corporate governance improvement action, ALROSA’s Supervisory Board has resolved to officially add sustainability matters to the remit of its committee responsible for strategic planning.
As a result, the Supervisory Board’s Strategic Planning Committee has been renamed the Strategy and Sustainable Development Committee. The number of members of this committee, headed by Deputy Minister of Finance of the Russian Federation Alexey Moiseev, has not changed.
This move gives further momentum to ALROSA’s commitment to responsible business practices and long-term sustainable development of regions where it operates.
From its inception, ALROSA has been complying with the highest social and environmental standards. It remains on the FTSE4Good index and maintains a BB rating from MSCI ESG, which evaluates companies’ environmental, social, and corporate governance performance. On top of that, the Company is among the Top 10 environmentally responsible mining companies in Russia as ranked by WWF Russia and a joint project of UNDP, GEF and the country’s Ministry of Natural Resources. In 2019, ALROSA received a Diamond Empowerment Fund (DEF) award for community stewardship.