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Of Sustainability Sustainability Report 2009–2010 trust sustainability care efficiency courage impartiality honesty respect courage sustainability care honesty efficiency impartiality trust honesty sustainability respect courage care impartiality efficiency honesty respect care trust efficiency honesty respect impartiality honesty sustainability courage trust respect impartiality care efficiency sustainability courage efficiency impartiality trust sustainability courage honesty respect Al care impartialitygorithm honesty trust courage care efficiency respect trust sustainability careof efficiency sustainability courage impartiality honesty respect courage sustainability care honesty efficiency impartiality trust honesty sustainability respect courage care impartiality efficiency honesty respect care trust efficiency honesty respect impartiality honesty sustainability courage trust respect impartiality care efficiency sustainability courage efficiency impartiality trust sustainability care efficiency courage impartiality honesty respect courage sustainability care honesty efficiency impartiality trust honesty sustainability respect courage care impartiality efficiency honesty respect care trust efficiency honesty respect impartiality honesty sustainability courage trust respect impartiality care efficiency sustainability courage efficiency impartiality trust trust sustainability care efficiency courage impartiality honesty respect courage sustainability care honesty efficiency impartiality trust honesty sustainability respect courage care impartiality efficiency honesty respect care trust efficiency honesty respect impartiality honesty sustainability courage trust respect impartiality care efficiency sustainability courage efficiency impartiality trust sustainability care efficiency courage impartiality honesty respect courage sustainability care honesty efficiency impartiality trust sustainability report 2009–2010 ALgorithm of sustainability sustainability report 2009–2010 uC ­RUSAL UC RUsAL sUstAINAbILIty RepoRt / 2009–2010 Algorithm contents of trust 005 Algorithm of courage 007 Algorithm of efficiency 015 Algorithm of care 027 Algorithm of Impartiality 043 Algorithm of honesty 051 Algorithm of respect 059 Algorithm of sustainability 065 Report overview 068 Independent limited assurance report 070 Glossary 074 GRI and UN Global Compact content index 076 Feedback form 086 algorithm of trust uC RUSAL Algorithm of trust pp005–005 Dear frienDs, it is with great pleasure that i pre- in africa and Central america the Company has sent to you uC ­RUSAL’s fourth sustainability report, prioritised socio-economic development programmes prepared in accordance with GRI requirements and for a number of years: the Company helps local popula- the principles of the united nations global Compact. tions to gain access to sources of clean drinking water, the past few years represent a time of major change builds roads, improves occupational health and safety, for our Company. this has been a difficult period for supplies medicines to the population and gives people the global economy, commodity markets in general a chance to receive professional medical assistance. and for the aluminium sector in particular. the global the economic crisis had no bearing on the quality economic crisis demonstrated a need to change our of the social programmes that are being implemented management approach and establish a foundation by the Company. for long-term sustainable development. We promptly over the past five years uC ­RUSAL has invested implemented a cost reduction and efficiency improve- over USD 1 billion in the development of environmen- ment programme, which enabled the Company to retain tally sound technologies, as well as in the implemen- it leading position in the sector. tation of a modernisation programme at existing our most significant achievement in the report- enterprises, enabling the Company to cut harmful ing period was uC ­RUSAL’s successful IPO on the hong emissions. a project to reduce greenhouse gas Kong stock exchange in January 2010. We realise that emissions at Krasnoyarsk aluminium smelter, one of the status of public company necessitates particular the largest in the world, was adopted as a Joint imple- attention to the implementation of best global stand- mentation project under the Kyoto protocol. a joint ards and practices in the area of information trans- project of uC ­RUSAL and the hong Kong university of parency and corporate governance and we will continue science & technology (hKUST) has also been submitted to maintain both in future. for the development of solutions aimed at protecting the trust of our customers and an understanding the environment and implementing progressive ideas, of their requirements and expectations are important including a search for new applications of aluminium. to us. the Customer support Centre of uC ­RUSAL, opened it goes without saying that it would be impossible in 2011, will enable us to take into account the opinion of to achieve such impressive results if we did not have trust in employees, WhiCh our clients when establishing products on the market. a dedicated team of hard workers. notwithstan- alloWs us to Delegate our key priorities are building long-term relations ding the difficulties of the period, we maintained with partners and local communities and adopting our trust, a team spirit and the desire to develop poWers anD responsibility a responsible attitude to the environment and climate the Company as a team. i would like to take this op - for taKing DeCisions change. as a global company we understand the impor- portunity to express my thanks to uC ­RUSAL’s global tance and need to pool resources to resolve these chal- team of professionals for their contribution to our anD the means of their lenges not only at a national, but also at a global level. collective success. the Company continues to invest in the sustain- the Company’s strategic objectives will be to implementation able development of the countries and regions where consolidate its status as industry leader and to uC RUSAL’s enterprises have a presence. the pro- establish cutting-edge standards in the area of gramme territory of uC RUSAL aims to raise living sustainable development. We have already managed to standards in the regions where the Company has significantly improve performance which will make it a presence. the programme stipulates the develop- far easier for us to tackle any difficulties that may ment of social infrastructure objects and support for lie ahead. today we look to the future with confi - public initiatives. the Company is currently supporting dence. trust primary education in russia jointly with the Charitable foundation Volnoe Delo, equipping schools with state- Chief exeCutiVe offiCe, uC ­RUSAL 04 of-the-art computers. oLeG DeripAskA 005 2010 algorithm of Courage ANNUAL report uC ­RUSAL Algorithm of courage sales by country•, 2009 % pp007–013 1.4% 18.1% 23.3% 23.3% netherlanDs 18.0% russia 3.1% 5.7% turKey 5.1% Japan 9.1% USA 2.1% 4.4% norWay 6.2% south Korea 2.1% italy 1.2% 1.2% greeCe 2.1% SweDen 3.1% uniteD KingDom 2.1% 1.4% germany oveRvIew 18.0% 0.2% CanaDa oF opeRAtIoNs 6.2% 18.1% other 4.4% 9.1% 5.1% 5.7% sales by country•, 2010 % 1.6% 1.3% 15.5% 25.2% 25.2% netherlanDs 20.8% russia 7.9% turKey uniteD Company RUSAL (uC ­RUSAL) is a global company 1.9% 6.0% Japan with assets in 19 countries on five continents. 5.7% USA 2.3% 5.5% norWay uC ­RUSAL comprises 16 aluminium smelters, 12 alumi- 3.9% south Korea na refineries, 8 bauxite mines, 4 aluminium foil mills, 2.4% italy 2.4% 2.3% greeCe and 2 cathode plants. 1.9% SweDen uC ­RUSAL has representative offices operating in 1.6% uniteD KingDom 3.9% 1.3% germany Courage to resist What is australia, armenia, China, guinea, guyana, ireland, ita- 0.0% CanaDa ly, Jamaica, Kazakhstan, nigeria, sweden, and ukraine. 5.5% 20.8% 15.5% other unaCCeptable anD assume it is headquartered in moscow, russia. personal responsibility the Company sells its products in europe, north 5.7% america, south-east asia, Japan, China and Ko- 6.0% 7.9% for the results of our oWn rea – a total of 50 countries on five continents. in 2009, the european region accounted for DeCisions the largest amount of sales. in 2010, the share • according to the data of the audited consolidated ifrs financial statements for the year ended 31 December 2010. of the russia and CIS market more than doubled, while the european and american markets con- tracted slightly. uC ­RUSAL forecasts that its sales on the asian markets will increase in the years to come, particularly in China. Companies in various industries and economic Courage sectors – construction, transport, packaging, ma- chinery and equipment, electrical and the consumer goods – are consumers of uC ­RUSAL products. in future, the Company intends to increase its sales to end users, gradually reducing the share of global traders while reinforcing the role of regional distributors. a global scale of operations, an orientation on man- ufacturing products with a high added value, and a fa- vourable position on the cost curve ensure uC ­RUSAL’s leadership in the global aluminium industry. uC ­RUSAL is a vertically integrated company that combines baux- ite mines, alumina refineries, aluminium smelters, and companies that produce aluminium foil and packaging, 06 as well as power plants. 00707 2010 algorithm of Courage 2010 sustainable DeVelopment sustainable DeVelopment report uC RUSAL report 1 3 4 5 6 7 11 13 14 17 20 Algorithm of courage 2 title8 of12 Chapter15 18 21 pp007–013
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