The AK&M rating agency assigned RUSAL's non-financial reporting for 2023 a top-level rating of RESG 1.
RUSAL discloses information about sustainable development in the annual report and the Sustainability Report. This year, voluntary reports on water resources management and biodiversity conservation were added to the standard reporting, continuing the company's voluntary reporting practice, which began in 2022. In accordance with the agency's methodology, RUSAL's reporting for 2023 received 97 points and was assigned to the highest level. This rating is assigned to companies that have received a rating score in the range from 85 to 106.6.
AK&M Rating agency is pleased to note the high quality of the company's reporting, considering it one of the best in the industry. Extensive work in the field of ESG has been fully reflected in the published accounting documents. The information provided complies with both domestic and international standards.
In 2023, the company approved an updated Strategy for Sustainable Business Development until 2035, as well as a Social Investment Strategy. The report provides a detailed description of the principles of the adopted strategy and an integrated mechanism for its implementation.
The section devoted to the company's contribution to the development of the territories of its presence deserves attention. This activity is clearly regulated and is based on its own development - the "RUSAL Urban Quality of Life and Sustainable Development Index", according to which priorities for social investments are selected. The same index is used to assess the possible negative impact on the quality of life of the local population when launching new production facilities.
RUSAL, as one of the world's largest aluminum producers, is aware of its responsibility to society to preserve the environment and reduce the negative impact of production. At the same time, the company does not stop at the generally accepted disclosure, this year the voluntary first report on water resources management was published. It provides detailed information on the water risk management system and the use of water resources. This year's innovation was also the report on the conservation of biodiversity, which presents RUSAL's policy in this direction. The report outlines the challenges facing the company in the field of biodiversity conservation and improving the quality of ecosystem services, and ways to solve them.
Appreciating the quality of the report, the agency recommends expanding the data on waste generation by adding their interpretation by five hazard classes.
The rating of non-financial reporting was assigned based on the methodology adopted by the AK&M Rating Agency.
The ESG reporting rating has been calculated by the AK&M Rating Agency since 2020. The focus of the research is the completeness of the presentation of information about sustainable development in reports, as well as its accessibility. The study examines 96 markers. The main purpose of the rating is to show the professional community the best practices in disclosing information about the social and environmental activities of companies.
