|
Governance
Controls and procedures
the entity uses to monitor and manage climate‑related
risks and opportunities
|
6 (а): Indicate
the governance body (individual) responsible for oversight
of climate‑related risk and opportunity management
|
Climate
change governance at the end of 2024 |
|
(i) How responsibilities
for climate‑related risks and opportunities are reflected
in the mandates, role descriptions, and other related
policies applicable to that body
|
Climate Change
Policy, Nornickel’s climate
change strategy and goals |
|
(iii) How and how often
the body is informed about climate‑related risks and
opportunities
|
Climate
change governance at the end of 2024 |
|
(v) How the body
oversees the setting of targets related
to climate‑related risks and opportunities, and monitors
progress towards those targets, including whether and how related
performance metrics are included in remuneration policies
|
Nornickel’s climate
change strategy and goals |
|
6 (b): Describe the role
of executive management in the processes and
procedures for the management and oversight
of climate‑related risks and opportunities
|
Climate
change governance at the end of 2024 |
|
(i) Whether the role
is delegated to a specific officer or collegial
governance body (committee) and how oversight is exercised over
that officer or body
|
Climate
change governance at the end of 2024 |
|
Strategy
The approach
the entity uses to manage climate‑related risks and
opportunities
|
10 (a): Describe
climate‑related risks and opportunities that could reasonably
be expected to affect the entity’s prospects
|
Climate‑related
risks and opportunities, Transition
risks and opportunities |
|
10 (b): Explain,
for each climate‑related risk the entity has identified,
whether the entity considers the risk
to be a climate‑related physical risk
or climate‑related transition risk
|
Climate‑related
risks and opportunities, Transition
risks and opportunities |
|
10 (c): Specify,
for each climate‑related risk and opportunity the entity
has identified, over which time horizons (short, medium,
or long term) the effects of each climate‑related
risk and opportunity could reasonably be expected to occur
|
The Company assesses
physical risks in a short‑term horizon up to 2028.
For market risks, a general assessment has been completed
for the horizons up to 2050
|
|
13 (a): Describe
the current and expected impact of climate‑related risks
and opportunities on the entity’s business model and value
chain
|
Sustainability
assessment of Nornickel’s product portfolio |
|
13 (b): Indicate which parts
of the entity’s business model / value chain
are characterised by climate‑related risks and
opportunities
|
Physical
risks, Sustainability
assessment of Nornickel’s product portfolio |
|
14 (a): Explain how
the entity plans to achieve any climate‑related
targets it has set and any targets
it is required to meet by law or regulation
|
Nornickel’s climate
change strategy and goals |
|
(ii) Current and anticipated
direct mitigation and adaptation efforts
|
Climate
change adaptation plan |
|
(v) How the entity plans
to achieve any climate‑related targets, including
any greenhouse gas emissions targets
|
Nornickel’s
Key Focus Areas of Carbon Neutrality, Decarbonisation
projects, Energy
efficiency |
|
14 (b): Information about how
the entity is resourcing, and plans to resource,
the activities disclosed in accordance with paragraph
14(a)
|
The Environmental
and Climate Change Strategy allocates a budget
for climate‑related activities
Nornickel’s
approach to climate change, Energy
efficiency, Internal
carbon price
|
|
14 (c): Provide quantitative
and qualitative information about the progress of plans
disclosed in previous reporting periods
|
Nornickel’s
climate change adaptation efforts, Scope 1 and 2 GHG
emissions 1 и 2, Disclosure of
quantitative indicators |
|
22 (a): Disclose information
about the entity’s assessment of the climate
resilience of its strategy and business model
as at the reporting date
|
Sustainability
assessment of Nornickel’s product portfolio |
|
22 (b): Indicate how and when
the climate‑related scenario analysis was carried out
|
Transition
risks and opportunities |
|
Risk management
Processes the entity
uses to identify, assess, prioritise, and monitor
climate‑related risks and opportunities
|
25 (a): Describe
the process of identifying, assessing, and prioritising
climate‑related risks
|
Climate‑related
risks and opportunities |
|
(ii) Whether and how
the entity uses climate‑related scenario analysis
to identify climate‑related risks
|
Climate‑related
risks and opportunities |
|
(v) How the entity
monitors climate‑related risks
|
Physical
risks, Nornickel’s
climate change adaptation efforts, Partnerships and
stakeholder engagement |
|
(vi) Whether and how
the entity has changed the processes it uses compared
with the previous reporting period
|
Approaches to risk
identification and assessment have not changed compared
to the data in the previous Climate Change
Report
|
|
25 (b): Describe
the processes the entity uses to identify, assess,
prioritise, and monitor climate‑related opportunities, including
whether the entity uses climate‑related scenario analysis
to identify climate‑related opportunities
|
Sustainability
assessment of Nornickel’s product portfolio |
|
Metrics and targets
The entity’s
performance in relation
to sustainability/climate‑related risks and opportunities,
including progress towards the objectives set
by the entity or required by law
or regulation
|
29 (а): Disclose Scope 1, 2,
and 3 greenhouse gas emissions and approaches to measurement
methodology
|
Environmental
and Climate Change Strategy, Scope 1 and 2 GHG
emissions |
|
29 (e): Disclose
the amount of capital expenditures, investments, and other
types of financing allocated to projects associated with
climate‑related risks and opportunities
|
Environmental
and Climate Change Strategy |
|
29 (f): Disclose information
on the entity’s application of an internal
carbon price mechanism
|
Internal
carbon price |
|
29 (g) (i): Provide
a description of whether and how climate‑related
considerations are factored into executive remuneration
|
In 2024, no relevant
KPIs were set for the Company’s executives.
Climate‑related metrics were part of the annual team KPIs
in 2023. For more details, please see p. 59
of the
Nornickel Group’s
2023 Sustainability Report
|
|
33: Disclose
the quantitative and/or qualitative climate‑related goals
and targets that the entity has set to monitor progress
towards achieving its strategic goals,
as well as the targets it is required
to meet by law or regulation (including greenhouse
gas emissions targets), including:
|
Environmental
and Climate Change Strategy |
|
33 (а): the metric used
to set the target
|
Environmental
and Climate Change Strategy |
|
33 (d): the period over
which the target applies
|
Environmental
and Climate Change Strategy |
|
33 (g):
if the target is quantitative, whether
it is an absolute target or an intensity
target
|
Environmental
and Climate Change Strategy |
|
Applicable metrics from SASB
Metals & Mining Sustainability Accounting Standard
as specified in the Industry‑Based Guidance
on Implementing IFRS S2 Climate‑Related Disclosures:
EM‑MM‑110a.1, EM‑MM‑110a.2, EM‑MM‑130a.1, EM‑MM‑140a.1,
EM‑MM‑140a.2, EM‑MM‑000.A, and EM‑MM‑000.B
|
Disclosed
in the SASB Metals & Mining Content Index
appendix
to the
Nornickel Group’s
2024 Sustainability Report
|