PJSC Polyus (LSE, MOEX: PLZL) (Polyus, the Company) has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative, comprising more than 13,000 participants from over 160 countries.
The UN Global Compact unites companies that adhere to a set of principles, which include supporting and respecting the rights and interests of employees as well as internationally proclaimed human rights, protecting the environment, and opposing corruption in all its forms.
The principles of the UN Global compact are derived from the Universal Declaration of Human Rights, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the United Nations Convention Against Corruption.
Pavel Grachev, Chief Executive Officer of Polyus, commented:
We are excited to join this global network committed to promoting sustainable development under the leadership of the United Nations. Complying with the highest standards of environmental protection, governance and social responsibility is already an integral part of our corporate strategy. Now, together with other signatories and participants of the UN Global Compact, we look forward to setting an example and promoting Sustainability best practices, both within the Russian business community and across the global mining industry.
The Polyus group is the largest gold producer in Russia and one of the top 10 gold miners globally with the lowest cost position. Based on its 2018 Ore Reserves, the Polyus group ranks third by attributable gold reserves among the world’s largest gold mining companies.
The Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
Victor Drozdov, Director Investor Relations
+7 (495) 641 33 77
Victoria Vasilyeva, Director Public Relations
+7 (495) 641 33 77
Forward looking statements
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.