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Nornickel

Nornickel is a Russian vertically integrated metals and mining operation. It is one of the world’s largest manufacturers of palladium and refined nickel as well as one of the biggest platinum and copper producers. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulphur. Since 2020, its businesses have been grouped into three divisions: Norilsk, Kola and Trans-Baikal. In 2022, the company earned USD 16.9 billion in revenue and employed over 78,000 people.

Summary

Nornickel ranks 49th overall and 28th in the Extractives sector. It has improved its sector rank by 11 places since 2019. It performs relatively well on human rights practices, and has an opportunity to improve on embedding respect and human rights due diligence.

Nornickel has established board and senior level responsibility for human rights across the business. It monitors the implementation of its human rights policies across its global operations. It also discloses the process for addressing human rights grievances through its grievance mechanism.

The company has an opportunity to disclose its due diligence process for identifying, assessing and mitigating its salient human rights risks. It could also disclose how it embeds its human rights policies by providing trainings to workers, managers and business partners, as well as how it considers human rights in its business decisions.

Ranking position: #49 /110
Total score: 21.0 /100

Measurement theme	Score	Rank (0-110)
Governance and policy commitments	#1 2.5 /10	#45
Embedding respect and human rights due diligence	#1 1.4 /25	#75
Remedies and grievance mechanisms	#1 6.0 /20	#30
Performance: Practices	#1 6.9 /25	#29
Performance: Responses	#1 4.2 /20	#33

Sector
Extractives	#28

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2020

This company is part of the SDG2000, the 2,000 most influential companies

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