Governance structure, responsibilities and oversight of human rights

Nornickel’s governance structure makes sure that human rights concerns remain addressed by the management. Information on corporate risks related to human rights violations is included in our annual reports to be monitored by the Board of Directors and the Management Board of MMC Norilsk Nickel.

Two committees of the Company’s Board of Directors are empowered to follow up on the Sustainable Social Development Strategy through 2030 and the Human Rights Policy. The Sustainable Development and Climate Change Committee reviews draft policies, standards and initiatives aimed at effective and efficient implementation of human rights principles. The Audit Committee reviews reporting on complaints received through the Corporate Trust Line.

To make the top management committed to human rights protection, health and safety indicators were included in the annual team KPIs (with a relative weight of 25 to 30%), which tracks the overall performance under an action plan aimed at eliminating fatalities in the Company’s operations, subject to the application of a FIFR‑linked zero (malus) factor. Protecting the right to life and safe work is an absolute priority for Nornickel.

Other employee incentives related to meeting the Company’s human rights obligations or targets include rewards payable from 2023 onward for any workplace risks identified.

Governance structure, responsibilities and oversight of human rightsFor the key functional responsibilities at different governance levels, please see the Human Rights Policy available on the Company’s official website.