1.4. Independent audit of the mineral supply chain
The Company regularly undergoes independent industry verifications and assessments to ensure compliance with the OECD Guidance, enhance the System efficiency, increase stakeholder confidence in Nornickel’s supply chain and assure its transparency.
From the System inception through to 2023, the Group underwent regular audits for compliance with RMI, TfSTogether For Sustainability. and RSBNResponsible Sourcing Blockchain Network. standards. Nornickel continues to follow relevant recommendations and integrate sustainability principles into operations, including the responsible supply chain.
Reporting to the London Metal Exchange
Every year, Nornickel issues Red Flag Assessment reports to confirm its compliance with the LME requirements. In 2023, the Company provided such reports relating to five LME‑listed metal brands, all of which were accepted by the LME.
Assessment of mining assets’ readiness for IRMA certification
Another example of the Company's voluntary desire to improve its supply chains of metal‑containing mineral raw materials is through an independent assessment of Nornickel's mining assets readiness for the IRMA Responsible Mining Standard certification held in 2022. In the reporting year, following the assessment, the Company developed measures to ensure compliance with the IRMA standards. According to the results, no critical gaps were identified in Nornickel's responsible supply chain.