Corporate social responsibility report OJSC MMC Norilsk Nickel

OJSC MMC Norilsk Nickel published the first Social Report for 2003-2004 was released in 2005. Publishing  Social/CSR Reports, MMC Norilsk Nickel expects to develop and further expand constructive public dialogue regarding social responsibility of business, so as improve sustainability performance.

Norilsk Nickel’s Social Report reflects the results for the period from 1 January to 31 December of the previous to reporting year for all the entities of the Group since Social Report for 2007. Information and data in all areas covered by the Report are collected and consolidated using various tools, such as automated reporting systems, corporate reporting forms approved by management, etc. The financial and economic data contained in the Report are presented according to International Financial Reporting Standards (IFRS) and, unless otherwise indicated, refer to the Group as a whole.

In the Social Report for 2007 it was for the first time that indicators and information on economic and environmental performance, as well as on occupational health and product responsibility, personnel management, realisation of social programmes, and training cover all the key units of the Group, including international ones, which significantly increases transparency of the company and comparability of sustainable development data with IFRS data. The Social Report for 2007 also highlighted in more detail stakeholder engagement, economic efficiency and environment protection issues. In the CSR Report for 2008 topics related to investment development, energy saving and contribution to the development of the regions of operations were addressed in more detail.

In compiling Social/CSR Reports of the Company was guided by Russian and international best practices. For Social/CSR Reports of the Company for 2006-2008 used the third version (G3) of the Sustainability Reporting Guidelines of the Global Reporting Initiative (GRI), recommendations on the Use of Basic Performance Indicators in Non-Financial Reporting prepared by the Russian Union of Industrialists and Entrepreneurs and provisions of AA1000SES international standard. Social Reports for 2003-2007 were auditing by PricewaterhouseCoopers, Ernst&Young (CIS), Deloitte & Touche CIS. CSR Report for 2009 received the conclusion of the RUIE Non-Financial Reporting Council on the Results of the Review of the Company’s Report for the Purpose of Public Assurance.

The Company received a number of international and russian awards for the high quality of Social/CSR Reports. The Company won the federal award Best Companies of Russia: Dynamics. Efficiency. Responsibility, sponsored by the Russian Union of Manufacturers and Entrepreneurs in the category Social Reporting (Consistency in the Development of Non-Financial Reporting subcategory) in 2009.

The reports are available in Russian and English at the Company’s website: http://www.nornik.ru.