The Board of Directors is responsible for overseeing climate management, including the approval of the climate change policy, strategy, and risk appetite, as well as monitoring climate risk management. In order to ensure a deeper focus on climate change, in 2021 the Board created the Sustainable Development and Climate Change Committee led by the Chairman of the Board of Directors. At the management level, climate change matters are reviewed and overseen by the Risk Management Committee of the Management Board led by the Company’s President. Information on key risks, including those related to climate change, is reviewed on a quarterly basis. Vice President for Environment and Industrial Safety of Nornickel is in
Nornickel has a long-term sustainable development strategy in place seeking to enable environmentally conscious production. The strategy involves the modernisation of production assets using best available technologies and clean tech solutions, maintaining a low carbon footprint among global diversified metals and mining players, and improving energy efficiency and long-term resilience to climate risks.
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1 Norilsk Nickel’s greenhouse gas emissions include emissions from the provision of electricity and heat to the Norilsk industrial region through JSC NTEK and a provision for CO2 emissions from the implementation of the Sulfur Program 2.0.
2 GHG emissions are calculated in line with the GHG Protocol methodology. The Group’s GHG emissions include the following greenhouse gases: direct carbon dioxide (CO2) emissions of 9.5 mt, nitrogen oxide (N2O) emissions of 51 t, methane (CH4) emissions of 5.2 kt (mainly generated by gas transportation units), including the Sulphur Programme and the heat and electricity supply to households. The calculation includes potential GHG emissions after the completion of the Sulphur Programme. Group data, including foreign companies of Kola Division.
1 As part of its effort to standardise the approach to identifying GHG emission sources, the Company reduced the uncertainty of calculating upstream Scope 3 emissions by excluding insignificant sources in the Purchased Goods and Services and Capital Investment categories from the calculation. The 2021 and 2022 data have been recalculated using the new approach.
Nornickel has one of the highest shares of renewable energy and prioritises hydropower, which is generated by the Group’s Ust-Khantayskaya and Kureyskaya hydropower plants. Natural gas accounts for almost 100% of the remaining types of fuel used by the Company’s heat and power plants. We have minimised reliance on high carbon fuels across our energy assets.
The Group attaches great importance to improving the energy efficiency of the production sites under construction and in operation. As part of this program for