About the Report

This Climate Change Report is the first public climate report prepared by MMC Norilsk Nickel and addressed to a wide range of stakeholders.

The Report has been prepared in accordance with the TCFD recommendations and provides information on the Company’s performance towards the achievement of SDG 13 Climate Action and the Paris Agreement goals of keeping the global average temperature increase well below 2 °C and making efforts to limit the increase to 1.5 °C.

In preparing the Report, the Company was also guided by the GHG protocol; GRI Standards, and requirements of ESG agencies and ratings (Eсovadis, Sustainalytics, MSCI ESG, CDP).

The Report covers the operations of the Norilsk Nickel Group companies. For the purposes of this Report, Norilsk Nickel Group shall refer to MMC Norilsk Nickel and the entirety of operations of the Norilsk Nickel Group companies. Unless otherwise specified or required by the context, the terms “Company”, “Group”, “Nornickel” or “the Group companies” shall refer to Norilsk Nickel Group.

The Sustainable Development Department of MMC Norilsk Nickel and a dedicated working group comprising representatives of the Group's key companies supervised the preparation of the Report. The Report has been approved by MMC Norilsk Nickel's Management Board and Board of Directors.

The Report discloses the Company’s short-, medium-, and long-term goals and plans. All plans and intentions outlined in this Report are provisional and subject, among other things, to a number of economic, political and legal factors, including those beyond Nornickel’s control. Forward-looking statements are subject to risks and uncertainties as they refer to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of the Company’s future operational and financial performance, and actual results of the Company’s operations, its financial position, liquidity, prospects, growth, strategy, and the development of the industry in which MMC Norilsk Nickel operates may differ materially from those expressed or implied in the forward-looking statements contained in this Report.