Investor Presentaiton
En+
GROUP
STRATEGIC REPORT
Transition opportunities of the Group are described in the table below:
Assets under exposure
Impact in time horizon
Medium-
Short-term term
Opportuni-
ty category
Metals
Opportunity
segment
Power
segment
2022
Long-term
2022-2025 2025-2050
Company's regular annual reporting of GHG
emissions to stakeholders
Continuous monitoring of GHG emission
reduction targets
о
о
Applicable to En+ Group o
°
Policy
and Legal
Technology
Reputation
Adoption of the methodology to calculate
GHG emissions and the carbon footprint of
products
Possibility of attracting additional
investments in connection with the
publication of reports in which a company/
supplier's low carbon footprint is noted (low
carbon products and power generation).
Introduction of the carbon price criterion
to assess the strategic areas of product
manufacturing and sales at the national and
corporate levels
Additional profit from selling carbon credits
in the domestic market (national regulation)
Additional profit associated with the
possibility of selling carbon credits within
the framework of the mechanism provided
in Article 6.4 of the Paris agreement
(international regulation)
Regulatory Impacts for the Coal Industry
Policy Directions (bank lending, licensing
regulation, regulation of the use of coal
in the domestic market, development of
infrastructure, attraction of investment from
domestic and external coal consumers)
Decarbonisation of processes
Increasing investment in the production
of low-carbon generation (high-current
production, CCUS technologies)
Use of Energy-Efficient Equipment in
the Process Chain and Best Available
Technologies (BAT)
Increasing investment attractiveness
Increased demand for materials used in the
transition to a decarbonised power system
Increased demand for less carbon-intensive
products
Increased demand for electricity due to
transport electrification
Market
Additional profits from a green hydrogen
project
Implementation of climate projects for the
introduction of small hydropower plants
+
Applicable to En+ Group o
+
Applicable to En+ Group
+
Applicable to En+ Group o
+
•
+
о
о
•
+
o - insignificant impact, - significant impact (based on a qualitative opportunity assessment)
80
Metrics and targets
The GHG emissions of the
Group were calculated in
compliance with the GHG
Protocol. The GHG emissions
calculation for the Metals
segment is certified by the
independent authority TÜV
Rheinland as part of the
audit and GHG verification
En+ Group Annual Report 2021
Short-term climate-related goal:
Read more on Short-term Climate-Related Goals
for 2021 at p.70
Read more on GHG emissions
and GHG emissions intensity
at p.71
In line with TCFD
recommendations,
En+ Group sets short-
term, medium-term,
and long-term goals
Mid-term climate-related goals
The Metals segment of the Group set seven goals in
its strategy up to 2025 to reduce GHG emissions. In
addition to reducing the average specific direct and
indirect GHG emissions to no more than 2.7 tonnes of
CO₂ equivalent per tonne of aluminium, as mentioned
above, our strategic climate change goals up to 2025 are:
Goals
1
2
3
To reduce direct
specific GHG
emissions by
10% vs. 2014 in
existing alumina
refineries by 2025.
To reduce direct
specific greenhouse
gas emissions by 15%
compared to 2014
(2.28 tCO₂e/tAl) at
existing aluminium
smelters by 2025.
To purchase at least
95% of electricity from
hydropower plants
and other carbon-
free sources of power
generation for aluminium
smelters by 2025.
4
5
6
To reduce specific
electric power
consumption
by aluminium
smelters by 7% vs.
2011 by 2025.
To use an internal
carbon price when
making strategic and
investment decisions,
starting in 2017.
To support Russian and
international initiatives and
associations advocating for
actions to prevent climate
change and backing
carbon prices, provided
they are aligned with the
Company's strategic goals.
Long-term climate-related goals:
In January 2021, the Board of Directors approved
targets of a reduction in GHG emissions by at
least 35% by 2030, with a target to reach net zero
emissions by 2050 (Scope 1 and 2, as benchmarked
against the Group's 2018 GHG emissions).
Read more on Group's Objectives and
Intentions in the Pathway to Net Zero Report
STRATEGIC REPORT
CORPORATE GOVERNANCE
FINANCIAL STATEMENTS
APPENDICES
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