RBC media holding and National Credit Ratings agency launched their ESG index, which rates responsible business practices in Russian companies for 2020-2021.
Polyus demonstrated high-level compliance with the ESG standards and was assigned the first index category out of three.
The rating covered 115 companies split into three categories based on their ESG index scores: high, medium and low. The expert team reviewed the companies’ compliance with ESG factors based on open-source data as well as provided corporate information. The questionnaire was industry-specific with an industry-dependent weight for each factor.
Victor Drozdov, Director, Business Communications & Investor Relations, and Board member:
"The demand of Russian companies for the ratings of national agencies who are best positioned in terms of access to information and understanding of regulatory specifics is growing. Polyus’ high rating awarded by RBC and NCR reflects our substantial contribution to the development of corporate governance, social support for employees and the regions of operations, implementation of environmental projects and carbon footprint reduction."
Follow the link to see the full rating results.
Polyus is the world’s fourth-largest gold mining company by production volumes and the largest gold miner in terms of attributable gold ore reserves. The company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
Forward looking statement
This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Forward-looking statements are generally identified by the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believe", "expect", "intend", "anticipate", "estimate" or similar expressions. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditure, business and management strategies and the expansion and growth of Polyus’ and/or Polyus group’s operations. Many of these risks and uncertainties relate to factors that are difficult to predict accurately and which are beyond the control of Polyus and/or Polyus group. Therefore, undue reliance should not be placed on such statements, which speak only to the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.
This document shall not constitute or form part of an invitation or inducement to engage in investment activity, any offer for sale or subscription of or solicitation to buy or subscribe to any Company securities, and neither this document nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or investment decision in that regard, and it does not constitute advice in relation to any securities or investments in Polyus group.