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ALROSA Sustainability Benchmark Report Contents ALROSA sustainability benchmark report Contents Introduction 3 Benchmarking methodology 4 Peers selection 4 Benchmarking criteria and data selection 5 Benchmarking results 6 Share of women in the workforce 6 Employee turnover 7 Investments in local communities 9 Energy consumption intensity 10 Water consumption intensity 12 GHG emission intensity 13 Expenditures on the environment 14 Closing statement 15 Sources of information 16 Introduction The bulk of the world’s diamond mining industry is concentrated The section on benchmarking methodology describes the in nine countries, with a share of global production in physical principles of ALROSA’s peers and generally accepted criteria for terms as high as 99%. The world’s largest producers of natural benchmark selection. diamonds are Australia, Botswana, Canada, the Democratic The section on benchmarking results presents detailed Republic of Congo and Russia. information about each benchmarking criterion and several Russia ranks first in the world for diamond production. PAO conclusions. ALROSA (“ALROSA”) accounts for 97% of the total diamond The closing statements present the overall conclusions regarding production in Russia in physical terms and is the leading the benchmarking results. diamond-mining company in the world. ALROSA accounts for one third of the reserves and more than a quarter of the production The section on sources of information presents the main sources in the global rough diamond market. ALROSA pursues a single- of sustainability reporting data. product strategy that focuses on exploration and production as the most attractive and high-margin segment in the rough diamond industry. ALROSA’s core activities are concentrated in two Russian regions, the Republic of Sakha (Yakutia) and Arkhangelsk Region, as well as on the African continent. Diamond mining companies historically pay considerable attention to issues of social responsibility. This is partly due to adherence to international business standards and partly because the industry’s final product—diamond jewellery—has a significant reputational and emotional component. This benchmarking study compares ALROSA’s generally accepted sustainability indicators with those of its peers. 1 Bain&Company – The Global Diamond industry 2016 report 2 Please see the following link: http://eng.alrosa.ru/operations/key-facts-about-alrosa/ ALROSA sustainability benchmark report 2017 | 3 Benchmarking methodology Peer selection We analysed the production volumes of key market players in Dominion Diamond maintains operations at two diamond mines: order to determine the peers to include in this benchmarking Diavik and Ekati. Diavik is operated by a Rio Tinto subsidiary, study. We took into consideration the volume of diamond carats while Rio Tinto handles sustainability reporting for the mine. produced for 2014, 2015 and 2016. Based on ALROSA’s market Dominion Diamonds reports on Ekati’s sustainability indicators research on rough diamond mining, these companies include separately. Unfortunately, we could not find enough sustainability ALROSA, De Beers, Rio Tinto, Dominion Diamond and Petra reporting data for the Ekati mine. For this reason, we excluded Diamonds, which together account for about of 73.6% of the Dominion Diamond from our research. rough diamonds produced in the world (please see Figure 1 below). Additionally, in order to make the benchmarking process more We believe that some “small” rough diamonds producing representative, we decided to add the following leading gold companies should also be included in order to make the mining companies for comparison: Barrik Gold, Gold Field, New benchmarking more market oriented. Based on our market Mont, Polymetal (the second-largest Russian gold mining knowledge, we decided to include Gem Diamonds and Lucara company) and Goldcorp. We believe that gold mining companies Diamond. provide the best comparison for diamond mining companies, due These seven major diamond-mining companies are all members of to the technological processes involved. the Diamond Producers Association and together are responsible for about 75% of the world’s diamond production. They are publicly listed companies operating under the utmost scrutiny. Figure 1. Rough diamonds production 3 http://www.diamondproducers.com/about-dpa/members 4 | ALROSA sustainability benchmark report 2017 Benchmarking criteria and data selection Our research is based on generally accepted indicators, including Financial metrics such as revenue are derived from the official statements from the GRI Sustainability Reporting Standards accounting reports under the IFRS or GAAP standards. (Global Reporting Initiative), ICMM (International Council on We used only publicly available data from the companies’ websites Mining and Metals), FTSE4Good and DJSI (Dow Jones and official reports in order to comply with the transparency Sustainability Indices). We performed a selection of the most principle. prevalent sustainability indicators reported by the companies included in the scope of our research. We should highlight that these companies are not obligated to comply with GRI Sustainability Reporting Standards or other indictors and companies may disclose their own indicators. Considering this, we restricted our research to the following criteria: 1. Share of women in the total workforce 2. Employee turnover 3. Investment in local communities 4. Energy consumption intensity (Scope1, Scope2, Total) 5. Water consumption intensity 6. GHG emission intensity 7. Environment expenditures 4 GRI is an international independent organization that helps businesses, governments and other organizations understand and communicate the impact of business on critical sustainability issues such as climate change, human rights, corruption and many others. 5 ICMM has developed a series of position statements to augment our ICMM 10 Principles for sustainable development. These statements include a number of mandatory requirements that members must implement. 6 The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. ALROSA sustainability benchmark report 2017 | 5 Benchmarking results This section presents the results of our study. The results for each indicator are presented with a short description of the indicator and the methodology used in our calculations. Share of women in the workforce The number of women in a company’s total personnel is an which they will be more important indicator of how workers’ rights are observed. occupied with their children than with their job Most countries have declared equal opportunities for men and responsibilities. women, and it is even enshrined in the legislation of many countries. However, the problem of female employment remains This indicator was calculated as relevant not only in developing but also in developed nations. the percentage of women in the Trade unions and non-governmental organisations report that total workforce, as reported by women are mainly employed in the service sector, rarely become the companies. We took the managers and typically receive lower salaries than men. Due to arithmetical mean of the results established stereotypes, it is difficult for women to get jobs in the for 2014-2016. Please see the engineering and technology sectors. In addition, it is known that results in Figure 2 below. many employers are reluctant to hire women because they believe that women will spend too much time on maternity leave, after Figure 2. Share of women in the workforce woman percentage of total workforce, % * Rio Tinto’s overall share of women in the workforce is taken to We would like to highlight the results demonstrated by ALROSA comparison, because it does not report investment breakdown by (34.9%). Traditionally, men have outnumbered women in the product branches. mining industry. In the Russian Federation, for example, women are barred by government regulations from certain professions in ** Barrik Gold’s data on women in the workforce are available the mining industry, including underground work in mining, only for 2016. underground construction, metalworking, ore mining, etc. However, ALROSA employs women in mining-related professions at the Yakutniiproalmaz University, the Almazavtomatika R&D Centre, medical centres and management departments, as well as in other positions. 6 | ALROSA sustainability benchmark report 2017 Employee turnover Employee turnover is an important indicator for a company. A This indicator was calculated as the percentage of voluntarily high level of fluidity indicates a threat to the stability and the dissmissed employees in the total workforce, as reported by the integrity of an organisation and is linked with significant costs. companies. We took the arithmetical mean of the results for One of the main causes of employee turnover is lack of company’s 2014-2016. Please see the results in Figure 3 below. social policy efficiency. High turnover often means that employees are dissatisfied with their jobs, face unsafe or unhealthy conditions or underpform due to unrealistic expectations and inappropriate processes and tools. Figure 3. Average employee turnover employee turnover, % * Rio Tinto’s overall share of women in the workforce is taken to We should highlight that ALROSA (9.13%) is still ahead of its comparison, because it does not report investment breakdown by main peers De Beers and Rio Tinto in terms of employee turnover product branches. and is well within the
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