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.

End poverty in all its forms everywhere<br><a href=Learn more" />
End poverty in all its forms everywhere
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Ensure healthy lives and promote well-being for all at all ages <br><a href=Learn more" />
Ensure healthy lives and promote well-being for all at all ages
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Ensuring inclusive and equitable quality education and promoting lifelong learning opportunities for all <br> <a href=Learn more" />
Ensuring inclusive and equitable quality education and promoting lifelong learning opportunities for all
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Achieve gender equality and empower all women and girls <br> <a href=Learn more" />
Achieve gender equality and empower all women and girls
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Ensure access to water and sanitation for all <br> <a href=Learn more" />
Ensure access to water and sanitation for all
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Promote inclusive and sustainable economic growth, employment and decent work for all<br> <a href=Learn more" />
Promote inclusive and sustainable economic growth, employment and decent work for all
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Build resilient infrastructure, promote sustainable industrialization and foster innovation<br> <a href=Learn more" />
Build resilient infrastructure, promote sustainable industrialization and foster innovation
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Make cities inclusive, safe, resilient and sustainable <br> <a href=Learn more" />
Make cities inclusive, safe, resilient and sustainable
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Promote just, peaceful and inclusive societies <br> <a href=Learn more" />
Promote just, peaceful and inclusive societies
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Revitalize the global partnership for sustainable development <br> <a href=Learn more" />
Revitalize the global partnership for sustainable development
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ESG Highlights

Nordgold employes over
8,000
people
2021 average headcount
LTIFR
0.07
in 2021
Lost Time Injury Frequency Rate (LTIFR) is calculated based on 200,000 hours worked. LTIFR data now both own employees and contractors.
HSE KPIs determine
15%
of annual bonuses of top executives
To ensure compliance with the health and safety requirements, safety performance is included in management KPIs, and the safety performance targets determine 15% of annual bonuses paid to the Group’s executive directors and senior managers (10% linked to lost time injury and 5% linked to zero fatality and implementation of safety programmes).
Employee engagement rate
81%
in 2020
Nordgold conducts an annual survey to assess employees’ opinions, engagement, loyalty, and motivation towards attaining their performance goals. Through the survey, employees have an opportunity to submit recommendations, express their attitude towards the Group, and discuss operating processes, while management, in turn, can identify areas in need of development and improvement. Based on the survey, an action plan for each mine is elaborated.
Local employment rate
98%
in 2020
Nordgold relies mostly on local employees with only 2% of its headcount comprised of expatriate employees. The long-term success of the Group’s operations depends upon its ability to further localise as many of the key roles in the Group as possible and ensure a pipeline of local employees in order to meet the expectations of the applicable government and local communities.
Commitment to
Net Zero CO 2
by 2050
Projects with a life-of-mine up to 2050 and beyond will be provided a pathway to achieving net zero by 2050. Specific targets are set for new projects with a life-of-mine not reaching to 2050 to ensure their contribution to achieving the overall objective of falling carbon emissions.
Water reuse/ recycling efficiency
85%
in 2020
Calculated as total recycled/reused water divided by sum of fresh water withdrawal for technological processes and total recycled/reused water
Dry tailings
66%
in 2020
Due to the processing methods used, 66% out of Nordgold’s total tailings facilities, which include TSF and heap leach tailings, have very low potential to cause significant impact. Dry tailings storage at Berezitovy and heap leach processing technology at Gross, Taborny and Bouly don’t require the construction of impoundment type dams, which significantly reduces the potential risk of failure or leakage.

2020 Sustainability Report



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ESG Ratings

EcoVadis

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.

WWF Russia

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.

Sustainalytics

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.

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1
Environment

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.

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Environment
2
Society

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.

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Society
3
Governance

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.

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Governance

Contacts

Corporate Communications
Procurement Department