PJSC Polyus (LSE, MOEX: PLZL) (Polyus, the Company), the world’s fourth-largest gold mining company by production, today announces the publication of its Climate Position Statement, as approved by its Board of Directors. The document sets out Polyus’ key strategic priorities in the area of climate change.
The five priorities are as follows:
- Climate change mitigation: improving the accuracy of GHG accounting, cutting scope 1 and 2 emissions, and improving energy efficiency
- Enhancing resilience to the impacts of climate change: using qualitative and quantitative tools to identify physical climate and transition risks
- Taking advantage of opportunities resulting from adaptation to climate change: enhancing operational efficiency through the Company’s climate change strategy
- Commitment to transparency: continuously working to improve the quality and frequency of climate-related disclosure
- Cooperation to tackle climate change: fostering collaboration across sectors and geographic boundaries to enhance global climate action
Polyus’ efforts to support the transitioning to a low-carbon economy reflect the Company’s commitment to upholding world-class international principles of environmental and social responsibility.
The Company supports the objectives of the Paris Agreement on Climate Change and first publicly declared its support for international climate goals in 2015. Polyus’ Climate Position Statement is guided by ICMM principles and Task Force on Climate-Related Financial Disclosures (TCFD) recommendations and aims to set out the Company’s priorities in the area of climate change, which will be addressed in more detail in Polyus’ Climate Strategy that is being developed now.
Polyus’ Climate Position Statement can be viewed in full by following this link.
Pavel Grachev, Chief Executive Officer of PJSC Polyus, commented:
Climate change is a major issue threatening the future of communities across the world. As a global citizen and a responsible business, Polyus is playing its part by working to reduce its greenhouse gas emissions, collaborating with global peers to accelerate climate change solutions, as well as continuously evaluating the potential impact of climate change on our own operations. Our Climate Position Statement is an official statement of commitment to global sustainability principles and an important milestone in the development of our Climate Strategy.
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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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.