PJSC Polyus (LSE, MOEX: PLZL) (Polyus, the Company, and together with the Company subsidiaries, Polyus Group) announces that Polyus Group has joined Climate Governance Initiative Russia (CGI Russia), a local partner of the World Economic Forum’s Climate Governance Initiative.
Recognising that boards of directors play a critical role in ensuring the long-term stewardship of the companies they oversee, CGI Russia aims to help board members embed climate considerations into board decision-making, and understand and act upon the risks and opportunities that the climate emergency poses to their companies.
Polyus Group will be Key Strategic Partner of CGI Russia, actively participating in its events and promoting cooperation and knowledge sharing between its members. Cooperation with the expert community and with other market participants to enhance global climate action is a part of Polyus’ strategic priorities in the area of climate change. The latter was stated in the Group’s Climate Position Statement approved by the Company’s Board of Directors.
Pavel Grachev, Chief Executive Officer of PJSC Polyus, commented:
CGI Russia is an initiative that fully aligns with our business values. Polyus is intensely aware of the critical challenges posed by the climate emergency, and of the need for organizations across the world to work together to overcome these. We look forward to sharing our experience with the World Economic Forum’s global network and to promoting wider awareness of the risks and opportunities posed by climate change among our peers and partners.
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).
Climate Governance Initiative Russia (CGI Russia)
Climate Governance Initiative Russia (CGI Russia) is a local part of the global Climate Governance Initiative (CGI) of the World Economic Forum. CGI Russia: The Directors’ Climate Forum was launched on the initiative of the WEF in May 2020. It is a platform for board members, companies’ managers and committee chairpersons who seek to expand their knowledge about the effects of climate change on the Russian businesses.
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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.