Management of human rights risks

CHRB A.2.2, A.2.3

At the level of corporate governance bodies, human rights risks are considered by the Risk Management Committee of MMC Norilsk Nickel’s Management Board (in consolidated risk reporting), the Audit Committee of the Board of Directors (in consolidated risk reporting), the Strategy Committee of the Board of Directors (in reporting related to occupational safety and injuries), and the Sustainable Development and Climate Change Committee of the Board of Directors (in human rights reporting).

These bodies approve the relevant concepts, regulations, and guidelines while ensuring that organisational measures are in place and facilitating the necessary exchange of information between the Company’s units.

The Risk Management Service plays a crucial role in providing efficient guidance on integrating risk management into the Company’s business processes, while risk owners are responsible for risk management.

The operation of the risk management system also involves the Internal Audit Department, which annually assesses the effectiveness of existing tools, and an internal control function, which provides guidance and participates in risk assessment of business processes.

Monitoring and control

CHRB B.2.4

To monitor and control human rights risks at the operational level, the Company reviews and analyses reports of the Corporate Trust Line and the Grievance Mechanism.

In addition, Nornickel regularly runs an engagement survey called “Let Everyone Be Heard. What Do You Think?” in the form of a questionnaire. In 2024, the survey involved 58.1 thousand employees, up 1.7% y‑o‑y. The engagement index at Nornickel reached 67%.

Based on the results of the engagement survey, the Company organises discussions and studies stakeholder opinions in focus groups. The insights gathered from the focus groups are then incorporated into communication campaigns and initiatives to improve employee engagement.

The analysis revealed the aspects of human rights protection which are valued the most by Nornickel employees. These include a sense of social security, mutual respect within teams, workplace safety, and the freedom to openly discuss safety risks.

In 2025, the Company plans to introduce a new index guided by its Care for People value, to assess working conditions, employee support and well‑being, work‑life balance, and other metrics important to employees.