More than gold
We believe that only a responsible business model built on sustainable and steady growth can deliver long-term success
Nordgold is fully committed to sustainability, and sustainable development principles are integrated into our operating philosophy. We have always been responsible environmental stewards and we strive to minimise and mitigate any negative impacts on our operations’ surroundings.
We are committed to ensuring a safe, fair, and rewarding working environment, with all employees united by a shared set of values. We also support and empower our host communities through impactful CSR initiatives and enduring partnerships to ensure that all stakeholders benefit from our presence.
Nordgold aims to adhere to international best practices across our asset base. We are engaged in various projects to raise our operating standards and are working to achieve compliance with the highest internationally recognised codes and guidelines as well as the applicable national standards, laws and practices.
- UN Global Compact
United Nation’s Universal Declaration on Human Right
- UN Guiding Principles on Business and Human Rights (UNGPs) including its Protect, Respect and Remedy Framework
- International Labour Organization (ILO) Core Standards
- UN Sustainable Development Goals
2020 Sustainability Report
Nordgold holds a bronze status from sustainability rating provider EcoVadis with a score of 50/100.
Improvement of EcoVadis assessment of Nordgold’s ESG performance directly supports our financing strategy — the Group has two credit facilities with a group of international banks for a total of US$ 200 million, with the margin of each loan directly linked to Nordgold’s EcoVadis ESG-rating.
Nordgold rose to 10th position in the World Wildlife Fund’s (WWF) Russia environmental transparency rating in 2021, up from 12th in 2020.
The annual rating reflects the level of disclosure of environmental information provided by Russia’s mining and metals companies. 39 Russian companies participated in the 2021 WWF assessment. The final position in the rating is determined by assessing companies across three categories: environmental management, environmental impact, and the disclosure of information.
According to the rating’s methodology, the scale runs from zero to 100, with a lower score indicating a stronger ESG rating. Nordgold’s score of 26.1 points ranks the Company 12th out of 115 producers of precious metals globally indicating that Nordgold poses only a medium risk of experiencing potential material financial impact from ESG factors.
We are committed to responsible environmental stewardship and we strive to minimise our impact on the environment. Continual improvement in this field is a vital part of Nordgold’s business.Learn more
We are committed to ensuring a safe, fair, and rewarding working environment, with all employees united by a shared set of values. We also support and empower our host communities through impactful community programmes and enduring partnerships to ensure that all stakeholders benefit from our presence.Learn more
Our robust environmental, social and governance (ESG) and sustainable development framework is overseen by the Board’s Safety and Sustainable Development Committee, together with the Director of ESG.Learn more