(PRESS RELEASE) MOSCOW — ALROSA announces that its social and environmental investments totaled RUB 15.8 bn (USD 216 m) in 2020, retaining its leadership position in the diamond industry. This investment constitutes around 8% of ALROSA’s total revenue for the year.
ALROSA’s social investments amounted to RUB 10.2 bn (USD 141 m) in 2020 and included contribution to pension fund under non-state insurance programmes for employees, financing regional development projects and corporate social programmes for employees and their families, as well as supporting charitable and sponsorship projects. A large proportion of the funds were spent on developing of social infrastructure, incl. healthcare & recreation, education, cultural and sports facilities.
These social investments are not included in ALROSA’s financial contributions to the local budgets in its regions of presence. As a major taxpayer, the company paid RUB 43.1 bn (USD 425.4 m) in taxes and mandatory contributions in 2020. Over 60% of those contributions went to the Republic of Sakha (Yakutia) and its municipal districts. On top of this, the Republic is a recipient of dividend payments as a shareholder in ALROSA with the share of 33%.
ALROSA also allocated RUB 5.6 bn (USD 70 m) to environmental initiatives, with the majority of funds invested in waste management and recycling projects, as well as projects aimed at reducing water intake from natural water supply systems, water recycling at concentrators, reducing direct greenhouse gas emissions, and energy efficiency and land rehabilitation projects.
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Sergey Ivanov, CEO of 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. The company retained its leadership position for ESG investments in the diamond industry in 2020, contributing around 8% of our total revenue. This is in addition to over RUB 1 bn (USD 14 m) allocated to anti-COVID measures aimed to ensure the health and safety of our employees while also supporting hospitals and healthcare workers. Our environmental investments have enabled us to build on our existing strategic projects aimed at preserving the environment and developing unique ecosystems.”
The full version of ALROSA’s 2020 Sustainable Development Report is available here.
ALROSA’s 2021-2025 Sustainability Programme is available here.
Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success
After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone.
Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently.
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