Energy efficiency

IFRS S2 14a (v)

The implementation of the Energy Efficiency Programme is one of the key avenues for achieving the targets set out in Nornickel’s Environmental and Climate Change Strategy. Its activities help reduce actual energy consumption and GHG emissions.

Key initiatives and technologies used
Key initiatives/technologies Impact
Optimisation of in‑plant operation of CHP plants Reduction of natural gas consumption for power generation
Automatic regulation of heat supply based on ambient temperature Optimisation of energy consumption for heating
Installation of heat pumps at a production site in the Trans‑Baikal Territory Reduction of electricity consumption
Installation of solar collectors Reduction of electricity consumption
IFRS S2 14b

In 2024, as a result of implemented energy efficiency initiatives, the Company saved 782.9 TJ of energy.

The following reductions in GHG emissions were also achieved:

  • Scope 1 – 79.2 kt of CO2 equivalent
  • Scope 2 – 180.5 kt of CO2 equivalent
Energy efficiency
Fuel and energy savings resulting from energy consumption reduction and energy efficiency initiatives in 2024 (TJ)
Indicators Figure for the Nornickel Group
2022 2023 2024
Total savings, TJ 362.7 469.5 782.8
Including:
  • electricity
76.6 55.1 382.6
  • heat in water and steam
248.3 251.3 255.0
  • fuel
37.8 163.1 145.2

Nornickel’s climate project and carbon unit transactions

Nornickel’s first climate project was implemented at the Kola production site in the Murmansk Region. The main ventilation units at Severny Mine were switched from fuel oil to electric heating, enabling the retirement of the onsite oil‑fired boiler and resulting in a reduction of 17.5 kt of CO2 equivalent in GHG emissions. The project was validated in November and registered in the Russian Register of Carbon Units in December.

In addition, in September 2024, Nornickel purchased 10 thousand carbon units – the largest public transaction of 2024 in the national carbon market.