Highlights of the year

NORNICKEL FULLY PAID FOR THE ENVIRONMENTAL DAMAGE FROM THE FUEL SPILL
In March, the Company fully compensated for the damage caused by the fuel spill, paying a total of RUB 146.2 billion
Nature

NORNICKEL APPROVED ITS ENVIRONMENTAL AND CLIMATE CHANGE STRATEGY

The new strategy covers six main aspects of environmental impact: climate change, air, water, tailings and waste management, soils, and biodiversity. The strategy has been rolled out across all Nornickel enterprises starting from 2021. It aims to significantly improve the Company’s environmental performance and was developed in close consultation with stakeholders using the results of a benchmarking audit of key environmental goals.

TUKHARD DEVELOPMENT PROGRAMME

The Company pioneered the use of the free, prior and informed consent (FPIC) procedure in Russia, offering relocation options to indigenous people living in the Tukhard settlement on the Taimyr Peninsula.

SIGNED AN UPDATED COLLECTIVE BARGAINING AGREEMENT

In November, they signed an updated collective bargaining agreement of MMC Norilsk Nickel for 2022–2024. Traditionally providing one of the industry’s best social benefit packages, the agreement aims at ensuring long-term well-being of employees and their families. Annual wage indexation is one of the basic provisions of the collective bargaining agreement. To drive employee motivation in an increasingly competitive recruitment landscape, the Company decided to raise pay levels by 20% at its enterprises in the Norilsk Industrial District and Krasnoyarsk Territory and by 10% in other regions from 1 January 2022, above the expected inflation rate for 2022.

NORNICKEL CUT EMISSIONS ON THE KOLA PENINSULA BY 78% IN 2021

The smelting shop closure in March 2020 enabled a 78% cut in sulphur dioxide emissions on the Kola Peninsula as compared to 2020, or a 90% reduction from a 2015 baseline, completely eliminating cross-border emissions. All the concentrate previously processed at the metallurgical shop was redirected to the Norilsk Division.

by 78% Nornickel cut emissions on the Kola Peninsula in 2021

NORNICKEL COMPLETED ITS SHARE BUYBACK PROGRAMME AND REDUCED ITS AUTHORISED CAPITAL

Under the buyback programme, Nornickel repurchased a total of 5,382,079 ordinary shares from shareholders, followed by an Extraordinary General Meeting of Shareholders’ resolution to reduce the Company’s authorised capital to RUB 153,654,624 by cancelling the 4,590,852 shares repurchased by the Company. The remaining shares were set aside for the employee incentive programme.