Vice president’s statement
Dear colleagues,
I am pleased to present Nornickel’s second
Climate Change Report, covering the year 2024, in which we detail
the results of our efforts to address climate change.
The climate agenda remains a key element
of Nornickel’s development strategy. On the one hand, our assets
are concentrated in the Arctic zone, where monitoring climate‑related risks
is of particular importance. On the other hand, We see strong
market potential for our metals, driven by transport electrification, growth
in renewables, and the advancement of hydrogen technologies.
We remain committed to reducing our
own climate impact. In the reporting year, despite a slight increase
in production, we managed to keep gross greenhouse gas emissions
at 7.5
Including a GHG emissions provision
for the Sulphur Project at Nadezhda Metallurgical Plant and excluding
GHG emissions generated from heat and electricity supplies
to the public.
mln t
– one of the lowest levels among major
metals companies. In 2024, renewable electricity accounted for 54
%
of total consumption across the Group.
Spending on our energy efficiency programme and other climate‑related initiatives
totalled
RUB
4.8
billion
.
In addition to the geotechnical
monitoring system deployed at the Norilsk site, last year we partnered with
Fedorovsky Polar State University to develop a background monitoring system
for permafrost soils. Background monitoring will enable us, over time, to better
assess trends in permafrost degradation outside urban areas – where a significant
portion of our linear infrastructure is located. In addition, in 2024,
we also collaborated with the Institute for Economic Forecasting
of the Russian Academy of Sciences to update our proprietary scenarios
for global economic and climate development. Based on these scenarios,
we revised our forecasts for demand and prices for our metals. Our analysis
has shown that under any scenario – whether one of accelerated decarbonisation
or of a global retreat from such efforts – our basket of metals ensures
the long‑term resilience of our financial position.
I would like to thank Nornickel employees and
partners involved in our joint climate‑related efforts for their valuable
contributions, and I trust that this active cooperation will continue into the future.
With best regards,
Stanis
lav Seleznev,
Vice President for Ecology and Industrial Safety
at MMC Norilsk Nickel
