Polyus PJSC (MOEX — PLZL) («Polyus», or the «Company») notes that FTSE Russell has upgraded the Company’s ESG rating from 3.6 to 3.9 (the maximum score is 5.0). This places Polyus among the top 17% in the industry in terms of the best sustainable development practices, ahead of 83% of other rated companies (in 2021, Polyus was among the top 36%).
Polyus’ current ESG rating is above the industry average of 2.8.
Polyus announced its objective to become carbon neutral by 2050. By 2032, the Company intends to cut direct and indirect emissions (Scope 1 and Scope 2) per tonne of processed ore by 40-50% from the baseline 2020 level. These targets are set in the Company’s Climate strategy released in 2022.
The Climate strategy is available on Polyus’ website at this link.
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).
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Forward looking statement
This announcement may contain «forward-looking statements» concerning Polyus and/or Polyus group. Generally, the words «will», «may», «should», «could», «would», «can», «continue», «opportunity», «believes», «expects», «intends», «anticipates», «estimates» or similar expressions identify forward-looking statements. 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 expenditures and 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 beyond Polyus’ and/or Polyus group’s ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at 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.