PJSC Polyus (Polyus or the Company) is pleased to announce upgrades to its ratings in this year’s assessment of environmental impacts by CDP. It has received upgrades from D to C for both its CDP Water Security rating as well as the Company’s CDP Climate Change rating. These upgrades reflect the continued efforts being made at the Company to increase its levels of non-financial disclosure and improve the sustainability of its operations.
CDP is internationally considered to be among the most important sustainability ratings for investors. Companies are ranked in the fields of climate change and protection of water and forests. CDP assesses companies based on comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership.
Pavel Grachev, Chief Executive Officer of PJSC Polyus, commented:
We are pleased that Polyus’ continued improvements in key areas of sustainable development have been recognized in rating upgrades by CDP. It is a reflection of our continuous work on increasing transparency and, on a wider scale, of our commitment to being a leader in sustainable gold mining.
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).
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