About the Report
Since 2008, Nornickel has kept its stakeholdersStakeholders are individuals, legal entities, groups, associations, and other organisations whose interests may be affected by the Company’s operations, as well as parties that may influence the Company. informed about the Group’s supplier selection processes and procurement practices through disclosures in its annual and sustainability reports.
Since 2023, the Company has published annual responsible supply chain reports disclosing its approach to managing relevant aspects and presenting the results of supplier assessments. These reports, along with accompanying brochures, are available in Russian and English on the Company website and addressed to a wide range of stakeholders.
Responsible supply chain disclosure drivers
The Company takes a responsible approach to supply chain management and builds a transparent supplier engagement framework. In its approach to supply chain management, Nornickel is guided by PJSC MMC Norilsk Nickel’s Supplier Code of Conduct (the “Code”) and Responsible Sourcing Policy (the “Policy”), which take into account, among other things, the recommendations of the Guidance of the Organisation for Economic Co‑operation and Development (the “OECD Guidance”)OECD Guidance means the Organisation for Economic Co‑operation and Development Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict‑Affected and High‑Risk Areas.. These documents formalise the Company’s commitment to ethical conduct and social and environmental responsibility. In disclosing information related to responsible supply chain, the Company is guided by national and international standards, customer expectations, and industry practices.
During the reporting period, Nornickel received a number of sustainability‑related enquiries from its customers. Three quarters of these requests included questions about responsible supply chains, highlighting the importance of this topic within the overall framework of customer expectations and requirements.
Nornickel advances its responsible supply chain practices in line with its mission to supply the world with non‑ferrous metals, efficiently and safely using natural and financial resources. Notably, supply chain transparency is one of the targets set out in Nornickel’s Sustainable Social Development Strategy. Moreover, fostering sustainable engagement with suppliers not only aligns with the Group’s strategy but also strengthens the Company’s competitive position and enhances customer trust and loyalty towards its products.
“We consider responsible supply chains a strategic area that offers new opportunities to develop and enhance our internal processes. In today’s global economy, where sustainability and social responsibility performance are becoming essential measures of success, productive collaboration with partners who share our values is critical. By focusing on responsible supply chains, Nornickel is able to maintain its leadership while unlocking additional opportunities to increase transparency and strengthen partnerships.”
Anton Berlin,
Vice President – Head of the Sales Division at MMC Norilsk Nickel
Report structure
mineral raw materials (Section 1) – the section describes the Group’s mineral supply chain Due Diligence Management System and the supplier due diligence findings in 2024;
Mineral supplier due diligence is a process through which the Company assesses mineral suppliers for compliance with the OECD Guidance
goods, works, and services (Section 2) – the section describes Nornickel’s approach to the management of a responsible supply chain for goods, works, and services as well as the findings of a supplier sustainability assessment in 2024.
The sustainability survey of suppliers of goods, works, and services is used to assess their compliance with the requirements of the Code
APPROVED
by the Board of Directors
of MMC Norilsk Nickel
Minutes No. GMK/16‑pr‑sd dated 26.05.2025
RECOMMENDED FOR APPROVAL
by the Sustainable Development and Climate Change Committee
of MMC Norilsk Nickel’s Board of Directors
Minutes No. 1 dated 20.05.2025
APPROVED
by the Management Board
of MMC Norilsk Nickel
Minutes No. GMK/11‑pr‑p dated 07.05.2025