Climate change strategy

KEY STEPS IN 2021 AND BEYOND

Developing and deploying a system for monitoring the foundations of industrial and municipal facilities within the permafrost area of Norilsk (including through satellites and geographic information systems)

Delivering the strategy across divisions and assets:

  • Developing key initiatives to mitigate physical risks, boost energy efficiency and reduce CO2 emissions
  • Drafting CAPEX plans and project implementation schedules

Aligning climate change disclosure with TCFD requirements

Russia’s progress towards the goals of the Paris Agreement

RUSSIA MAKES PROGRESS TOWARDS THE GOALS OF IEA’S SUSTAINABLE DEVELOPMENT SCENARIO TO 2040, CHANGE IN CO2 EMISSIONS SINCE 1990, %
Since 2010, Nornickel has substantially reduced its CO2 emissions (Scope 1 + 2), mln t

– 70%

Aim stated in the Paris Agreement

Holding the increase in the global average temperature to well below 2 °C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5 °C above pre-industrial levels

Source: Company estimates, IEA, World Energy Outlook 2020, ourworldindata.org

Nornickel ahead of its global peers

Scope 1 + 2 greenhouse gas emissions (CO2 equivalent)
Scope 3 greenhouse gas emissions (CO2 equivalent)Our greenhouse gas emissions were measured in line with the GHG Protocol, which includes emissions from transportation of products from the Company’s production units to the customer, as well as from the primary processing of products by the customer

Average share of low-carbon energy sources in energy consumption in the Norilsk region in 2018–2020

Average share of low-carbon energy sources in the Group’s energy consumption in 2018–2020

Source: official company data, with the peer group including leading diversified mining companies (BHP, Vale, AngloAmerican, Freeport and RioTinto)

Enterprises to curb absolute greenhouse gas emissions

Keep absolute greenhouse gas emissions (Scope 1 + 2) from production enterprises below 10 mln t of CO2 equivalent, mln t of CO2 equivalent

2030 ambition

Maintain production emissions of CO2
not higher than 10 mln t
of CO2 equivalent of greenhouse gas emissions (Scope 1 + 2) ...

... factoring in long-term production growth targets and the launch of Sulphur Programme 2.02019 estimates in line with the GHG Protocol Corporate Accounting and Reporting Standard. Nornickel’s GHG emissions include emissions from supplying electricity to Norilsk through NTEK, along with potential CO2 emissions from Sulphur Programme 2.0.

Source: Company estimates