Russian Metals and Mining: COP26: Future of the Carbon Transition

November 11, 2021 at 11:00 Moscow time

There are abundant examples of both public and private organizations working hard to decarbonize the economy. The Russian metals and mining sector is among the leaders of the climate agenda. As this energy transformation or “Green Deal” gains momentum, new ecosystems are forming, and new technologies emerge. We will discuss the challenges and opportunities of a carbon transition with representatives of metals and mining companies at a roundtable on “Russian Metals and Mining: COP26: Future of the Carbon Transition”.

Understanding the financial impact of climate-related risks and opportunities on their businesses is imperative for companies across all sectors. In time, greater scrutiny will be placed on organizations to disclose and respond to the transition and physical risks that lie on the path to the future of the metals and mining sector. Transition risks include depressed asset values, stranded assets and changing market demand. Reputation risks are present here too, as companies strive to become more transparent and show their operating processes. Climate information disclosure is becoming a requirement for global investors and regulators.

We will discuss metals and mining companies’ milestones in the transition period and intermediate goals of achieving carbon-neutral commitments on the panel session. Also, we will look at conclusions after COP26 and discuss what businesses can hope for. Will COP26 mark a new step of change in the energy transition? Are we putting too much faith in politicians to lead on that transition? How much can businesses lead and, if so, how much will COP26 help them?

Speakers:

Rohitesh Dhawan, CEO, ICMM

Philip Dayer, Independent Director, Chairman of the Health, Safety and Environmental Committee, Member of the Remuneration and Nomination Committee, PAO Severstal

Evgeny Shvarts, Member of the Boards of Directors, Independent Non-Executive Director, Member of the Health, Security and Environment Committee, RUSAL and Member of the Board of Directors, Member of the Corporate Governance, Nomination and Remuneration Committee, Member of the Sustainable Development and Climate Change Committee, Nornickel

Victor Drozdov, Director, Business Communications and Investor Relations, PJSC Polyus