Nornickel’s corporate governance framework is designed to take into account and balance the interests of all stakeholders

Best-in-class Corporate Governance Standards

Comprehensive and transparent ESG reporting Annual sustainable development reports prepared according to global reporting standards (GRI) and assured by a third party Regular communications with all leading ESG rating agencies/investors Board of Directors Committee on Sustainable Development and Climate Change has been created to oversee environmental mattes

Corporate Governance: split of responsibilities for key areas of sustainable development

Board of Directors Sustainable Development and Climate Change Committee of the Board of Directors — Considers environmental and climate change issues, prepares recommendations for the Board of Directors

Senior management Risk Management Committee of the Management Board led by the President — implements initiatives and procedures to manage climate change risks, reconciles parameters of the Company’s climate change risk appetite and makes recommendations to the Board of Directors regarding their approval

Head Office Sustainable Development Department — to lead the transformation in line with international best practices and global industry principles New Innovations Department — to lead the development of green technologies (development of CleanTech) Environmental Department — to improve environmental risk management and ensure independent internal oversight of environmental aspects Environmental Inspection — to improve internal environmental risk assessment and audit Renewable Energy Department — to set up to develop renewable energy projects Corporate Security Unit — to work more closely with Group companies and business units across all production facilities and taking the liaison with federal and regional law enforcement agencies to the next level. The unit will also focus on monitoring production facilities, preventing incidents and implementing information security solutions

Divisions Governance over the Group’s key facilities improved, with the heads of Norilsk and Kola production units overseeing auxiliary operations The position of Deputy Director for Ecology and Sustainable Development was introduced in the Norilsk and Kola divisions Local technical and production risk committees set up to enhance local risk controls and focus on environmental matters Energy Division established, with Vice President Evgeny Fyodorov reporting directly to the Company’s President as its head

Read more on Corporate Governance: Principles and approach Governance Structure Company’s President Board of Directors Compliance with the Corporate Governance Code List of current policies and codes