Polyus ranked first in the RAEX rating of 50 companies that pay particular attention to their direct climate impact.
This is the first non-credit rating for Russian companies compiled on the basis of expert reviews of corporate policies, reporting and performance indicators related to GHG emissions and climate change adaptation. Polyus scored 178 points out of 200.
The rating is designed to reflect the current state of climate change and its importance for domestic business and to provide benchmarks and define the key climate change activities. In the executive summary, RAEX advises companies that are interested in improving their climate practices to make use of the experience gained by the top-rated peers.
Victor Drozdov, Director for Communications and Investor Relations, commented:
We are grateful to RAEX that our efforts to combat climate change are highly rated. Polyus aims not only to continuously improve its corporate polices and the quality of climate information disclosure but also takes specific actions on climate change. The Company demonstrates the lowest specific GHG emissions among its peers. Last year, we adopted our Climate Strategy, which will enable us to continue sustainably reducing GHG emissions and implement our plans to achieve carbon neutrality by 2050.
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 demonstrates 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).
Please see the full rating here.