Materiality assessment

GRI 3‑1, 2‑25

En+ Group assesses materiality based on the GRI standards and its own methodology. The Company’s approach to materiality assessment remained unchanged in 2024: En+ Group analyses the context of the Company’s operations with the involvement of stakeholders.

In 2024, 103 representatives of various groups of En+ Group’s stakeholders took part in the survey.

For more details on the materiality assessment process, see the Appendix 3 Additional ESG Data

GRI 3‑2

Based on the survey results, En+ Group specialists formed a ranked list of impacts and grouped them into 18 topics with a breakdown into three priorities.

GRI 2‑14

At the final stage, the HSE Committee of the Board of Directors reviewed and approved the final list of material topics disclosed in the 2024 Consolidated Report.

GRI 2‑14, 3‑1

En+ Group’s materiality assessment stages

Stage 1

Identification of the Company’s impacts

Analysis of En+ Group’s context by internal experts: business model, Company’s strategies, lines of business (bauxite mining, alumina processing, aluminium production, electric and thermal energy), business relations (relationships with partners and within the supply chain)
Analysis of feedback from stakeholders, their suggestions and comments, including those made through feedback mechanisms
Benchmarking of impacts and material topics disclosed in the reports of Russian and international metals, mining and energy companies in 2024
Analysis of the requirements set forth in international industry standards and initiative guidelines

Output

A list of En+ Group’s actual and potential positive and negative impacts

Stage 2

Assessment of the significance of impacts

Determination of the method to incorporate stakeholder views
сonducting a stakeholder survey to identify the most significant positive and negative impacts

Output

A list of impacts ranked by stakeholders

Stage 3

Prioritising and grouping impacts into topics

Setting a threshold to filter out less significant impacts
Grouping significant impacts into topics
Prioritising material topics based on their resulting significance
Testing material topics against international standards, industry best practices, and guidlines (including in the context of the GRI industry standard for the mining sector GRI 14: Mining Sector 2024)

Output

Significant impacts grouped into topics

Stage 4

Approval of the list of material topics

adjustment of the priority of topics by the working group preparing the Report
Review and approval of the final list of material topics by En+ Group’s senior management and the HSE Committee of the Board of Directors

Output

A list of approved material topics

Value chain

GRI 2-6, 3-2, 203-2

Value chain stages	Key input	Key output	Key effect	Sustainability risks	Material topics
General processes of the Company	Production and distribution infrastructure Financial capital Governance system Royalties	Financial performance Taxes Payments to suppliers Salaries and social benefits for employees Skilled employees Social investments Affordable heat and electricity for consumers	Creation of shareholder value Economic development of the regions of responsibility Employment stability Professional development of employees Regional development Innovation development	Sanctions risks Compliance risks HR risks Risks of human rights violations Risks of negative impact on sustainable development in the supply chain Information security risks	Economic performance Just energy transition and low‑carbon products Sustainable supply chain Occupational health and safety Human rights Diversity and equal opportunity Employees management and engagement	Local community engagement Innovation management Business ethics Environmental compliance and the best available technologies (BAT) Corporate governance
Bauxite mining	Bauxite reserves Land resources Water	Bauxite Rehabilitated land Waste	Biodiversity impact Impact on land resources	Physical climate‑related risks Biodiversity loss risks OHS risks	Occupational health and safety Safe waste management Biodiversity	Climate change
Alumina refining	Bauxite Caustic soda Calcium carbonate Water Fuel	Alumina Air emissions Greenhouse gas emissions Waste	Contribution to climate change Impact on land resources	Transition climate‑related risks Environmental risks	Safe waste management	Climate change
Heat and electricity generation	Heat and electricity co‑generation (CHP)
	Land resources Coal Water	Heat and electricity Air emissions Rehabilitated land	Contribution to climate change Air emissions Impact on land resources	Transition climate‑related risks Environmental risks	Air quality Safe waste management	Energy management Climate change
	Electricity generation (HPP)
	Water Land resources	Electricity Noise Water level fluctuations and flood protection	Biodiversity impact	Physical climate‑related risks Biodiversity loss risks	Water and wastewater management Biodiversity	Energy management Climate change
Aluminium production	Alumina Energy Aluminium scrap Water Fuel	Aluminium and its products Air emissions Greenhouse gas emissions Waste Wastewater	Contribution to climate change Water pollution and reduction of water reserves	Transition climate‑related risks OHS risks Environmental risks	Occupational health and safety Water and wastewater management Air quality Safe waste management Climate change