Supply agreements to include the responsible supply chain requirements
Nornickel expects its counterparties to comply with the sustainable development requirements that the Group itself adheres to. Standard forms of agreements and contracts, as well as the General Contracting Terms and Conditions, were amended to include a clause requiring compliance with the Company’s sustainability requirements listed in the Code. This clause also informs suppliers about the opportunity to report to Nornickel’s Corporate Trust Line, which is the Company’s principal grievance mechanism The Corporate Trust Line is described in more detail in the Corporate Trust Line subsection.. In 2024, over 10 thousand agreements Agreements with suppliers of the Group’s Russian assets. were concluded using standard forms.
Nornickel’s sustainable development requirements are set out in the Code and Policy and are covering the following:
- Human rights and labour relations;
- Environmental protection;
- Occupational health and safety;
- Anti‑corruption.
To prevent corruption, supply agreements also include an anti‑corruption clause to ensure that both parties are on the same page as regards zero tolerance for corruption. The clause establishes an obligation to promptly inform the other party of any potential corruption risks identified and relevant checks conducted as well as provides grounds for contract termination or other liability if the counterparty violates the anti‑corruption clause or is found to have engaged in unlawful activities.
