PJSC Polyus (LSE, MOEX: PLZL) («Polyus», or the «Company») is pleased to announce that the Company has scored 57 out of 100 in the 2021 S&P Global Corporate Sustainability Assessment.
This marks an improvement from the previous score of 54 in 2020 and represents the third consecutive year of Polyus’ ESG score increase. Polyus performed in the 84th percentile in the Metals and Mining industry, meaning 84% of companies achieved an equal or lower ESG Score. (1) Among other factors, the upgrade credited Polyus’ progress in risk and supply chain management, water management and disclosure, and health and safety programs.
This follows the Company receiving an upgraded Sustainalytics ESG Risk Rating of 25.0 at a ‘Medium Risk’ following an annual rating update earlier this month, which is an improvement from 29.4 at last year’s assessment. (2) The Company was also included in Vigeo Eiris’ Best Emerging Market Performers Ranking, part of the Moody’s ESG Solutions Group, which biannually recognizes companies in developing markets for their performance and approach to sustainable development.
Pavel Grachev, Chief Executive Officer of PJSC Polyus, commented:
«We are delighted to have been recognized by three important independent sustainability rankings and reports. They are a testament to the hard work of many Polyus employees and to our strategic commitment to sustainability. The Company continues to enhance its approach and processes in order to remain an ESG leader among both Russian and global metals and mining peers. We are currently working on an extensive Climate Strategy which is due to be released in the first half of 2022.»
(1) Score and percentile date: November 12, 2021
(2) According to the rating’s methodology, a lower ESG Risk Rating indicates a company’s better risk profile