Russia’s largest business organisation — the Russian Union of Industrialists and Entrepreneurs (RSPP) — has raised Nornickel’s anti-corruption rating to A1 in its second annual rating action from A2 a year ago.
This year, Nornickel received the highest rating, a sign of the company’s management strong focus on anti-corruption policies and superior effort in preventing bribery and corruption.
Nornickel is committed to operate with integrity on all levels both in Russia and abroad and has zero tolerance approach to bribery and corruption. In 2014, Nornickel was one of the first major Russian companies to join the Anti-Corruption Charter of Russian Business of the RSPP. In November 2016, the company joined the United Nations Global Compact, whose main mission is for commercial organisations all over the world to acknowledge and actively implement ten main principles to promote human rights, healthy labour relations, environmental protection, and anti-corruption efforts.
The Union rated 59 large Russian companies in 2021. The businesses were assessed in accordance with an international standard “Anti-Corruption Management Systems” and the Anti-Corruption Charter of Russian Business. There are a total of seven grades in the Union’s anti-corruption ranking.
Andrey Bougrov, Nornickel Senior Vice President for Sustainable Development, commented: “We are proud to have received such a high score and are grateful to the Russian Union of Industrialists and Entrepreneurs for such evaluation of Nornickel’s anti-corruption policy, especially given that the methodology was extremely rigorous and included all international requirements. I would like to note the full involvement of thousands of Nornickel’s employees in the anti-corruption agenda and thank them for complying with high standards of corporate conduct and business ethics”.
Nornickel’s anti-corruption practices are based on a number of charters, including the corporate Code of Business Ethics that establishes the corporate rules and ethical standards of behaviour which all employees are required to follow. The Anti-Corruption Policy was also approved to ensure adherence to anti-corruption laws and the prevention, detection, and elimination of the causes and conditions that give rise to corruption. Learn more about Nornickel’s anti-corruption activities here