Supplier risk identification

Responsible supply chain management involves identifying supplier risks using Identification and assessment of risks associated with the mineral supply chain are described in more detail in the Assessment of Mineral Supply Chain Risks subsection.:

• responsible supply chain management procedures;
• a mechanism (separate from responsible supply chain management) to check counterparties for reliability, solvency, and financial stability (“reliability check”).

Components of supplier risk identification

The reliability check is a part of the contracting procedure (beyond the System) applicable to the Group’s potential suppliers. Thus, supply chain risk identification precedes the contracting procedure.

This check is aimed at confirming that the counterparty is reliable in terms of compliance with applicable laws and contractual obligations and is not exposed to any corruption risks. In addition to reviewing the supplier’s registration, operational, and financial data, Nornickel analyses the information provided by the supplier and publicly available information about their business reputation, management, and business environment.

Based on the reliability check, the Company decides whether to cooperate with the respective counterparty going forward. Existing suppliers are also subject to a reliability check if more than 12 months have passed since the previous one.

The Company maintains a register of unreliable counterparties. Detailed information about the register, including the grounds for inclusion, the procedure for submitting appeals by listed parties, and the contact details of the employees responsible for maintaining the register, is available on Nornickel’s website The register of unreliable suppliers (in Russian) is described in more detail on the Company website..