Press Release 20 November 2020
Polyus improves its SAM ESG rating
PJSC Polyus ("Polyus", or the "Company") is pleased to announce that SAM has revised the Company's ESG score upwards following the latest SAM Corporate Sustainability Assessment for 2020.
The Company has achieved an improved Total Sustainability Score of 54, a 9 point increase from last year, compared with an average score of 39 across other rated global metals and mining companies. Polyus' Total Sustainability Score surpasses that of 72% of the Company's peers rated in the 2020 SAM Corporate Sustainability Assessment (in the 2019 assessment Polyus surpassed 63% of its peers). The increase in score reflects, among other things, the improvements the Company has made in the field of labor practices and managing water-related risks in the past year.
The SAM Corporate Sustainability Assessment (CSA) is an annual evaluation of companies' sustainability practices issued by S&P Global. It is seen as one of the most well-established and highly regarded corporate sustainability assessments among the global investor community, and assesses over 7,300 companies around the world every year.
Polyus is the world's fourth-largest gold mining company by production volumes and one of two gold miners with the largest attributable gold 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).
Investor and Media contact
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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.