Polyus PJSC received confirmation of ESG ratings from two leading Russian rating agencies: Expert RA and ACRA (Analytical Credit Rating Agency).
For the third consecutive year, ACRA has assigned the ESG-2 (ESG-AA) rating to Polyus, which reflects a very high score for environment, social responsibility and governance.
Expert RA has again assigned ESG-II (b) and ESG-A ratings to Polyus in accordance with the scale used by the Bank of Russia. This attests to a very high level of implementation and planning of sustainability practices. The rating has a stable outlook.
Both agencies have noted that the company demonstrates favorable indicators, a high level of ESG risk management and compliance with best practices.
Key achievements highlighted by the agencies:
- Moderate impact on the water environment. 93% of utilized water resources are provided through water recycling, low rates of water consumption and water discharge.
- Moderately low climate impact. Energy efficiency improvement programs are implemented, 100% of consumed electric energy comes from renewable sources and Scope 3 greenhouse gas emissions are disclosed.
- Implementation of biodiversity conservation projects.
- The company’s significant contribution to the social development of its regions of operations.
- Comfortable working conditions and the use of automated safety control systems.
- High quality of strategic planning and an effective risk management system.
- High degree of information transparency.
The confirmation of high ESG ratings from Expert RA and ACRA attests to Polyus’ commitment to sustainability principles and its leadership in this area among Russian companies.
Polyus has also demonstrated high results in the eleventh edition of the Moscow Exchange — RSPP (Russian Union of Industrialists and Entrepreneurs) Sustainability Indices (ESG indices). Polyus is in the A group of the Accountability and Openness index and in the B group of the Sustainability Vector index.
Full information about the ratings is available at: ACRA, Expert RA, RSPP ESG indices.