29 November 2019 – EN+ GROUP IPJSC (the “Company”, “Group” or “En + Group”), a leading international vertically integrated aluminium and power producer, presented its ESG credentials to leading analysts and investors at an event at the London Stock Exchange.
It was hosted by Lord Barker, Executive Chairman of the Group, Vladimir Kiriukhin, Chief Executive Officer, and two of En+ Group’s independent directors, Joan MacNaughton, Chair of the Health, Safety and Environment Committee, and Carl Hughes, Chair of the Audit and Risk Committee.
Lord Barker highlighted the Company’s commitment to ESG, not just as the right thing for the Group to do in the fight against climate change, but as a key driver of future earnings growth. He stressed that the goal to become net carbon zero ahead of 2050 would require the creation of a new asset class – low carbon aluminium – and called for the support of industry, investors and customers.
Mr Kiriukhin presented core pillars of the Company`s investment story with the focus on strategic synergies through the fully vertically integrated low carbon business model, and reiterated the Group`s commitment to sustainability.
Ms MacNaughton set out in detail the rigorous new oversight and scrutiny of Health and Safety policies and outlined the board’s ambition to become an exemplar of HSE best practice in the sector.
Attendees also heard that En+ Group had set a new benchmark in Russia for best practice governance including at board level with two thirds of directors independent and one third women.
Lord Barker, En+ Group Executive Chairman said:
“ESG is central to our business model and the new board and management are committed to it. If you leave here today with one message, it is this: not the enormity of the challenge of realising net zero but the sheer scale of the opportunity that this represents for our business.”