In 2017, the Company's Board of Directors approved the amended version of MMC Norilsk Nickel's Information Policy Regulation s, which primarily seeks to provide stakeholders with full and reliable information on the Company's operations and collect feedback.
In line with its key disclosure principles, the Company strives to provide any information on a regular and timely basis and make it available to stakeholders on the basis of equal rights and opportunities. We also work to ensure that the information is reliable and complete while maintaining a reasonable balance between transparent operations and business considerations. The Company provides updates in the media and on its corporate website.
The Company’s disclosure procedures comply with the Russian law, the rules of the Moscow Exchanges and international regulations.
MMC Norilsk Nickel also seeks to improve transparency by releasing additional information in excess of that required by the law. The Company discloses information to shareholders and investors through the following channels: press releases, presentations, annual reports, CSR reports, statements on material facts, disclosure feeds, and RNS. The Company makes a point of parallel disclosure in domestic and foreign markets.
The Company's quarterly disclosures include operating indicators, the issuer’s quarterly reports, RAS financial (accounting) statements, and affiliates lists. IFRS statements are disclosed on a semi-annual basis. The IFRS disclosures are followed by conference calls and webcasts of the Company’s senior management with analysts and investors for the purpose of providing the market with the required information and comments. In addition, to enhance transparency, the Company makes extensive use of all communication tools available, including participation of senior managers in conferences, speeches, presentations, investor days, and production site visits for investors
The Company engages in an ongoing dialogue with both existing shareholders and potential investors. During the past year, the Company maintained close interaction with the investor community and shareholders, organising over 350 meetings with institutional investors and an Investor Day in London followed by a road show in Europe and the US.
For more details on the events, please see the IR Calendar on the Company’s website.
ESG: environmental protection, social responsibility and corporate governance
In 2017, the Company held around 20 target meetings with investors centred around environmental protection, social responsibility and corporate governance (ESG).
To improve interaction with investors and agencies engaged in assessing the Company against ESG criteria, Nornickel set up a dedicated section on its website that features all the required information.
Also, it developed an ESG databook providing information on ESG indicators starting from 2010.
Our key ESG achievements :
In 2017, the Company’s Board of Directors approved a number of social and environmental policies available on the Company's website, including:
- Human rights policy
- Freedom of association policy
- Indigenous rights policy
- Local community relations policy
- Equal opportunities programme
- Working conditions policy
- Environmental policy (amended and supplemented)
- Biodiversity policy
- Environmental impact assessment policy
- Renewable energy sources policy
- Anti-corruption policy (amended and supplemented)
Internal documents and policies are available on website.
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The Company’s 2016 Annual Report won 10 awards and diplomas at prestigious Russian and foreign contests, including those hosted by the, Expert RA, Vision Awards LACP, ARC and Moscow Exchange. The report boasts eight LACP awards, including top platinum in the printed version and silver in the online annual reports in the mining category.
The Company’s 2016 Corporate Social Responsibility Report won four awards in the LACP's Vision Awards competition while also ranking among Top 40 non-financial reports globally and topping among CSR reports of Russian metals and mining companies. CSR report also received a special award at the Moscow Exchange.
Nornickel's website won the Moscow Exchange's award for the best design, navigation and disclosure, and ARFI’s IR-cases contest.