Press Releases

ALROSA Ranked 2nd in the Forbes Rating of the Best Employers in Russia

It was number 7 last year.

Published

3 years ago

November 25, 2020

INSTORE Staff

(PRESS RELEASE) This year’s rating of Russia’s best employers is Forbes’ second. In 2020, in addition to working conditions and corporate social and environmental policies the final score factors in expert opinion. These were heads of reputable Russian universities, such as RANEPA, NES and Skolkovo School of Business, and the publication’s board members.

Compiling this year’s rating, Forbes paid special attention to charity and sponsorship, as well as to the environmental policy of companies.

Forbes ranked ALROSA second in the list of the best employers in the country with 63.7 points. According to the study, the diamond miner’s spending on charity and support of local communities in 2019 were one of the highest in the ranked corporates.

In 2019, ALROSA’s social investments totalled RUB 12 bn, including pension payments and contributions under regional development programmes, corporate social programmes for employees and their families, as well as about 500 social and charitable projects. The Company’s environmental expenses amounted to RUB 7.7 bn.

ALROSA remains on the FTSE4Good index and maintains a BB rating from MSCI ESG, which evaluates companies’ environmental, social, and corporate governance performance. On top of that, the Company is among the Top 10 environmentally responsible mining companies in Russia as ranked by WWF Russia and a joint project of UNDP, GEF and the country’s Ministry of Natural Resources. In 2019, ALROSA received a Diamond Empowerment Fund (DEF) award for community stewardship.

It Was Time to Make a Decision. It Was Time to Call Wilkerson.

Except for a few years when he worked as an accountant, Jim Schwartz has always been a jeweler. He grew up in the business and after “counting beans” for a few years, he and his wife, Robin, opened Robin James Jewelers in Cincinnati, Ohio. “We were coming to a stage in our life where we knew we have to make a decision,” says Jim Schwartz. He and Robin wanted to do it right, so they called Wilkerson. The best surprise (besides surpassing sales goals)? “The workers and associations really care about helping us move out own inventory out of the store first. It was very important to us.”