LONDON, UK: PJSC Polyus (LSE: PLZL) notes that MSCI ESG Ratings has downgraded the Company’s ESG Rating from ‘A’ to ‘B’ as a half of a series of ESG Ratings downgrades for Russian companies and can proceed to evaluate these companies’ ratings on an ongoing basis.
MSCI ESG Ratings introduced that it has utilized an ESG Ratings ceiling of B for all Russian companies inside MSCI’s ESG Ratings coverage. These rating actions adopted the agency’s downgrade of Russia’s ESG Government Rating to ‘B’ on 1 March 2022.
Polyus is the world’s fourth-largest gold mining firm by manufacturing volumes and the largest gold miner in phrases of attributable gold Ore Reserves. The firm demonstrates the bottom manufacturing prices amongst main global gold producers. Its principal operations can be found in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan areas and the Republic of Sakha (Yakutia).
www.polyus.com/en/