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Sustainability Report 2019 About This Report SUSTAINABILITY REPORT 2019 ABOUT THIS REPORT GRI 102-1 The Sustainability Report 2019 (hereinafter, the Report) covers the key results of PJSC ALROSA’s (hereinafter, the Company) sustainability performance and in case of specific material issues the performance results of its diamond mining subsidiaries, together referred to as ALROSA Group (hereinafter, the Group, ALROSA, the Company) for the period from 1 January 2019 to 31 December 2019, as well as the Company’s plans for 2020 and the medium term. For the purposes of this Report, terms ALROSA Group, Group, ALROSA, and Company used herein are regarded as equivalents and refer to PJSC ALROSA and its diamond mining subsidiaries PJSC ALROSA is the parent company of ALROSA Group. Operational and financial results of ALROSA Group are presented in the Report in accordance with the IFRS Consolidated Financial Statements for the year ended 31 December 2019, unless otherwise stated. This Report, like previous social and environmental reports of ALROSA Group, has been prepared in accordance with Global Reporting Initiative Sustainability Reporting Standards (“GRI Standards”), core option. When preparing the Report, ALROSA was also guided by the applicable requirements of the GRI Mining and Metals Sector Supplement. In addition, the Report discloses ALROSA's contribution to the UN Sustainable Development Goals (SDGs). MESSAGE FROM THE CEO AND CHAIRMAN OF THE EXECUTIVE COMMITTEE GRI 102-14 DEAR SHAREHOLDERS, PARTNERS AND COLLEAGUES! I am pleased to present to you ALROSA Group’s Sustainability Report for 2019. Last year was extremely difficult for the global diamond mining industry. The midstream, mostly diamond cutting enterprises, was overstocked. There were several reasons for this: a slowdown in demand in key markets, including due to an escalation of trade disputes between the United States and China, and the financial crisis in India, which made debt financing of working capital virtually unavailable for the diamond cutting industry. As a result, all major diamond miners faced a serious drop in sales and had to lower their production plans. According to the results of 2019, ALROSA's revenue fell by 26% to USD 3.3 billion. Nevertheless, even in such a difficult time the Company once again demonstrated its resilience, and proved its sales strategy of "price over volume" was a success leading to lower rough diamonds supply to polishers while arresting a significant decline in rough diamond prices. A balanced financial policy and sales strategy, focus on efficiency and long-term value creation allow us to balance the interests of our shareholders and maintain a high financial stability of our business, as well as meet our commitments to our team, customers, shareholders and local communities. Our Company is also trying to ensure gender balance — in Our Company's performance was recognized by international recent years, the share of women in the structure of the rating agencies and organizations that assess corporate We have adopted the UN Sustainable Development Goals (SDGs) as a strategic framework for our approach to Company's personnel exceeds 30%, approximately the governance, social and environmental responsibility. ALROSA sustainable development. Last year, we analyzed and identified a number of priority SDGs, on the achievement of same share in the executive staff. We stand for equal maintains its BB rating in the MSCI ESG system and is included which ALROSA will focus in the near future. An important long-term objective of the Company is to determine strategic career opportunities and abide by the principle of equal in the international FTSE4Good rating, as well as being one of sustainability priorities and ESG key performance indicators. remuneration for men and women. the top 10 leaders in the WWF environmental rating. In 2019, we received the Diamond Empowerment Fund Award for social projects in the regions where we operate. A core element of our sustainable development activities is adherence to responsible business practices. ALROSA’s Another priority of ALROSA's production activities is careful all trading operations with diamond products comply with the requirements of the updated World Diamond Council's and rational use of natural resources and minimization (WDC) System of Warranties. Moreover, ALROSA is a certified member of the Responsible Jewellery Council (RJC) of environmental risks. In the year of 2019, a large-scale The success of our Company would not have been possible and regularly undergo independent certification in alignment with the requirements of the RJC Code of Practices, the assessment was made of the probability of such risks at without the dedicated work of our employees. I thank them industry's leading standard for responsible business conduct. We ensure Company's compliance with international ALROSA's hydraulic engineering facilities, including the for their efforts and look forward to supporting our future standards, as well as strive to be a leader in promoting and further developing these standards. ALROSA is actively tailings dams. An independent auditor confirmed the high projects and plans. working to improve the effectiveness of international regulatory mechanisms for responsible supply chains and industry security level of the Company's facilities. self-regulation mechanisms. In 2019, the Company chaired a Kimberley Process Working Group of Diamond Experts. ALROSA is committed to ensure maximum transparency for With our participation in RJC as a Vice Chair, the Code of Practices has been updated and aligned with the OECD Due The Company annually allocates about RUB 6 bln all stakeholders and to continue to strengthen its market Diligence Guidance for Responsible Mineral Supply Chains from Conflict-Affected and High-Risk Areas. to environmental protection initiatives that affect all position, maintain sustainable financial and operating environmental aspects: air, water, soil, animal and plant performance, and deliver on its sustainability goals. ALROSA remains a leader in the diamond industry in terms of social investments, allocating over 3% of its revenue or protection. more than RUB 10 bln annually to social programs (including pension contributions in the amount of RUB 3.4 bln) for employees and their families, who make up the vast majority of our single-industry towns' residents, to programs to help In 2019, together with the Ministry of Ecology of Yakutia, the regions where it operates and to provide gratuitous material assistance to individuals and organizations. we developed a comprehensive program of environmental protection and ecological safety measures in the area of our One of the most important activities of ALROSA is to create conditions and opportunities for sustainable development in Company's presence and adjacent areas. Total investments the regions of its presence, primarily in the Republic of Sakha (Yakutia), where our main production facilities are located. until 2023 will amount to about RUB 30 bln, a significant part of which will be spent on waste management, land protection In 2019, the Company's dividend and tax payments accounted for over 40% of Yakutia's budget. The Company's total Sergey Ivanov contribution to the federal budget and regional budgets amounted to almost RUB 100 bln. and rehabilitation, collection and treatment of wastewater. Moreover, we plan to further develop the tailings thickening project and complement our enrichment plants with CEO AND CHAIRMAN ALROSA mainly employs local personnel. In 2019, we hired more than 3,000 residents of Yakut regions, of whom about thickening and recycling water supply areas. OF THE EXECUTIVE COMMITTEE 1,400 came under our joint program with Yakutia "Local Personnel - into Industry". As for human resources, a key area for us is ensuring a safe working environment. We continue to train our employees in safe working practices and to develop ALROSA and promote a safety culture at work. In 2019, ALROSA entered into an agreement with Rostekhnadzor in the field of health and safety, under which it intends to create and implement remote control mechanisms, a system for assessing, monitoring and managing risks in the operation of facilities. In addition, in 2019 we approved a new mechanism of social support to employees in the event of industrial accidents, which will allow the families of affected workers to receive compensation within a shorter period of time without an insurance company audit. 2 3 Dear ladies and gentlemen! FORWARD-LOOKING My name is Sergey Simonov. For many years now, I have been managing the unique and only nature park in our republic, created with ALROSA's support STATEMENTS in 2006. It is known as the Living Diamonds of Yakutia, which is an accurate reflection of its essence: animal species that are of exceptional value for us live there, steeped in legends and folk tales. These are Yakutian horses, the world's most cold-resistant creatures who can be found on the coat of arms of the Republic of Sakha, musk sheep, Manchurian wapiti, yaks, axis deer, moose, wood bison, roe deer, bears and peacocks. Their living environment This Report presents data for the past period, as well as some structure, and other financial issues. The content of such resembles the natural one — there are no cages or enclosures. forward-looking statements. Such statements include, in statements is forward-looking and is expressed by the words particular, the statements of future operational performance, "expected", "anticipated", "planned", "intended", etc. The reserve is located 11 km from the town of Mirny and covers an area of plans and/or forward-looking statements on future economic over 32,000 hectares. Dense blueberry and cranberry forest, clean and and financial results, the Company's goals and objectives By their nature, forward-looking statements involve general clear rivers and blue lakes give a special beauty to these places. Our park is regarding development plans, including those related to and specific risks and uncertainties. There is a risk that future open for guests, many of whom are happy to help care for the animals.
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