16.12.2021
RUSAL strengthens its position in WWF environmental rating
Moscow, December 16, 2021 - RUSAL (SEHK: 486, Moscow Exchange: RUAL) a leading global aluminium producer, climbed 8 positions in the rating for environmental transparency of mining and metallurgical companies in Russia for 2020, prepared by the Russian branch of the World Wide Fund for Nature (WWF).
According to the WWF report, RUSAL is now ranked 11th, having risen by 8 positions compared to the rating for 2019. This is one of the most significant jumps among all rating participants. The overall score received by RUSAL is more than 1.5 times higher than the industry average.
The ranking at the end of 2020 was carried out for the first time by the Analytical Credit Rating Agency (ACRA). The WWF study revealed an increase in the openness of environmental information in the metals and mining industries: this year’s edition of the rating shows a record average score for business openness.
Alexey Knizhnikov, Head of the WWF Russia Environmental Responsibility Program: “Ratings like these are aimed at improving environmental risk management in the metals and mining sectors in Russia. Already today, we witness growing openness from the rating leaders. We hope that our rating will become a real incentive to increase the level of environmental responsibility, develop communications with stakeholders and ensure full openness when companies discuss their projects.”
Ivan Rebrik, Deputy Director for Sustainable Development, Director of the Department of Ecology and Climate at RUSAL: “We value the WWF rating, among other things, for the opportunity to look at the effectiveness of environmental policy implementation by other companies in the industry. Because when it comes to reducing environmental impact, competition benefits everyone. It is all the more gratifying to see RUSAL's success in the WWF ranking. But more importantly, the new study showed a record average score for openness over the entire history of the ranking.”
Rating information:
The annual rating of environmental transparency of metals and mining companies operating in Russia was first published by WWF in 2016 and is being implemented with the support of the European Union. The rating is intended to record key indicators of the environmental performance of companies in the industry, compare the main players, and record year-to-year dynamics. The rating consists of three sections: environmental management, environmental impact and information disclosure. At the same time, some of the rating criteria are significantly stricter than the requirements of Russian environmental legislation, but they correspond to the best world practices in the field of environmental protection.
According to the WWF report, RUSAL is now ranked 11th, having risen by 8 positions compared to the rating for 2019. This is one of the most significant jumps among all rating participants. The overall score received by RUSAL is more than 1.5 times higher than the industry average.
The ranking at the end of 2020 was carried out for the first time by the Analytical Credit Rating Agency (ACRA). The WWF study revealed an increase in the openness of environmental information in the metals and mining industries: this year’s edition of the rating shows a record average score for business openness.
Alexey Knizhnikov, Head of the WWF Russia Environmental Responsibility Program: “Ratings like these are aimed at improving environmental risk management in the metals and mining sectors in Russia. Already today, we witness growing openness from the rating leaders. We hope that our rating will become a real incentive to increase the level of environmental responsibility, develop communications with stakeholders and ensure full openness when companies discuss their projects.”
Ivan Rebrik, Deputy Director for Sustainable Development, Director of the Department of Ecology and Climate at RUSAL: “We value the WWF rating, among other things, for the opportunity to look at the effectiveness of environmental policy implementation by other companies in the industry. Because when it comes to reducing environmental impact, competition benefits everyone. It is all the more gratifying to see RUSAL's success in the WWF ranking. But more importantly, the new study showed a record average score for openness over the entire history of the ranking.”
Rating information:
The annual rating of environmental transparency of metals and mining companies operating in Russia was first published by WWF in 2016 and is being implemented with the support of the European Union. The rating is intended to record key indicators of the environmental performance of companies in the industry, compare the main players, and record year-to-year dynamics. The rating consists of three sections: environmental management, environmental impact and information disclosure. At the same time, some of the rating criteria are significantly stricter than the requirements of Russian environmental legislation, but they correspond to the best world practices in the field of environmental protection.
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