International

Alrosa commits £155m to ESG initiatives in 2020

The investment represents approximately 8% of the group’s total revenue for the year, and consisted mainly of social commitments

Alrosa, the global diamond company, has revealed its social and environmental investments totalled $216m (£155m) in 2020.

The investment represents approximately 8% of the group’s total revenue for the year, and consisted mainly of social commitments.

Some $141m (£101m) was contributed towards pension funds under non-state insurance programmes for employees, financing regional development programmes and corporate social programmes, and supporting charitable and sponsorship projects.

The majority of the social investments during 2020 went towards social infrastructure such as healthcare and recreation, education, and cultural and sports facilities.

Environmental initiatives totalled $70m (£50m) during the period, mainly going towards waste management and recycling projects. 

Segey Ivanov, CEO at Alrosa, said: “Alrosa is committed to sustainable development, which is reflected in the numerous annual social and environmental initiatives we undertake in the regions of our presence. 

“Our environmental investments have enabled us to build on our existing strategic projects aimed at preserving the environment and developing unique ecosystems.”

The group also reported mandatory financial contributions, such as taxes, of $425.4m (£304.7m) during the year.

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