Nornickel, the world’s largest producer of refined nickel and a major producer of copper, hopes to attract more European investors to these base metals through ETCs previously listed on the London Stock Exchange (LSE).
The new ETC for institutional investors has a low investment cost and a total cost ratio of 0.75%. The minimum investment is $ 100,000, and daily valuations are available on the Wiener Börs (Vienna Stock Exchange). Prior to the stock exchange’s issuance, the carbon-neutral metal was marked with Atomyze, a Blockchain platform.
Anton Berlin, Nornickel’s Director of Sales and Distribution commented: “The carbon-neutral nickel ETC is another important development for Nornickel and a sign of our commitment to the global climate change agenda. Today’s announcement supports our goal of being a leading manufacturer of green metals and highlights the attractiveness of our range of low-carbon commodities, which provides a transparent and fully verified source of durable metals. “
The carbon credits included in the carbon-neutral nickel ETC represent the carbon dioxide savings generated by Nornickel in 2019-2020. The international auditor EC confirmed Nornickel’s emissions and Sphera GmbH, Europe’s leading environmental and sustainability consultant, confirmed the methodology behind the emissions calculations.
Nornickel and Sphera have been working together since 2013 to record the company’s carbon footprint. The recorded data demonstrate Nornickel’s long-term commitment and strategy to reduce greenhouse gas emissions at all stages of the production chain, from underground ore mining to refining and refining.
Alexander StojanovGPF CEO said: “This is yet another concrete benchmark, and Nornickel’s commitment to reducing emissions will allow us to bring the world’s first carbon-neutral nickel ETC to market. has been mined and produced responsibly. “
Carbon savings were achieved through upgrades and upgrades and repairs to hydropower at the Nornickel Norilsk industrial site, the introduction of an automatic control and measurement system, the reduction of heat losses in buildings and pipelines, and the decommissioning of obsolete power units.
The carbon-neutral nickel ETC is an addition to the GPF’s six physically supported, low-cost metal ETCs that contain gold, silver, platinum, palladium, nickel, and copper and are now listed on Xetra. ETCs are also available on LSE, Xtra, SIX and Borsa Italy.
Digital assets supported by ESG-compliant products differ significantly from traditional financial instruments. Given the specifications of the blockchain technology, the origin of goods and services at all stages of production up to disposal is transparent, the news agency reports.
Potentially, the IDs of such products may become an investment vehicle and be sought after not only by traditional industrial customers but also by other groups of investors focused on ESG.
Earlier, Norilsk Nickel, the world’s largest producer of palladium and nickel, awarded the first metal contract marks to its main industrial partners, Traxys SA and Umicore SA. Norilsk Nickel became one of the first companies in the industry and in the world to launch this mechanism.
Source: The Nordic Page
