PJSC Polyus (LSE, MOEX: PLZL) («Polyus», the «Company»), the world’s fourth-largest gold mining company by production, has been ranked first in this year’s sectoral environmental transparency rating by the Russian branch of the World Wildlife Fund (WWF). The rating is prepared in partnership with the European Union and United Nations Environment Programme (UNEP).
According to the results of the 2021 assessment, Polyus has been named one of the four companies in sector with the lowest environmental impact and the best company in Russia in terms of information disclosure. Polyus was also named among the top five companies for Environmental Management.
Polyus has confidently remained at the top of the WWF Environmental Transparency Rating for the past three years, and has now topped the rating for the second time.
The Transparency Rating of Environmental Responsibility Project for Mining and Metals Companies of Russia started in 2015 as part of an initiative by WWF Russia and is implemented in partnership with the Russian National Ratings Agency.
Pavel Grachev, Chief Executive Officer of PJSC Polyus, commented:
«Through our commitment to reducing our environmental footprint and ensuring the highest possible level of information disclosure, we are proud to be ranked among Russia’s most transparent companies of the metals and mining sector by WWF for the third consecutive year. In 2021 we switched our operating assets to renewable electricity, once again demonstrating our commitment to the principles of sustainable development. We are pleased that our efforts have been recognized.»
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.