Petropavlovsk PLC Publication of 2020 Sustainability Report (8779F)
21 July 2021 - 4:00PM
UK Regulatory
TIDMPOG
RNS Number : 8779F
Petropavlovsk PLC
21 July 2021
21 July 2021
Petropavlovsk PLC
Publication of 2020 Sustainability Report
Petropavlovsk PLC ("Petropavlovsk" or the "Company" or, together
with its subsidiaries, the "Group") is pleased to announce the
publication of its 2020 sustainability report.
The report was prepared in line with Global Reporting Initiative
(GRI) Reporting Standards and independently assured by Wardell
Armstrong International. It covers the main material sustainability
topics addressed by the Group in 2020 and includes Petropavlovsk's
first annual Communication on Progress (CoP) to the UN Global
Compact.
Report Highlights
-- Proactive and comprehensive response to COVID-19 ensured no
material COVID-19 outbreaks within the Group and minimal disruption
to operations in 2020
-- Development of Health and Safety maturity matrix to improve
performance measurement and to support a transition to reporting in
line with the Bradley Curve
-- Further strengthening of a highly-qualified Sustainability
management team with appointments of a new Head of Health and
Safety, Head of Environment and Head of Human Resources and People
Development in 2021
-- Continued reduction in carbon intensity by 7% in 2020 and
further alignment with GHG Protocol , with a commitment to reduce
reliance on fossil fuels and eliminate coal from business
operations by 2030
-- Commitment to enhanced reporting in line with the Task Force
on Climate-Related Financial Disclosures (TCFD) from 2021
CEO Denis Alexandrov said:
"I am pleased to present our sustainability report for 2020,
resuming the Group's practice of regular and transparent
non-financial reporting, which represents an important development
for Petropavlovsk as we strive to strengthen our reporting and
governance standards.
2020 was the start of a transitional period for our business, as
we moved towards implementing new and improved practices and
identifying areas for improvement. We are now focused on the
development of our strategy for sustainable growth, which will be
underpinned by our long-term sustainable commitments and a focus on
delivering value to all our stakeholders."
The sustainability report is available to download from the
company's website at the following link:
https://petropavlovskplc.com/sustainability/reports/
About Petropavlovsk
Petropavlovsk PLC (LSE: POG. MOEX: POGR) is a major integrated
Russian gold producer with JORC Resources of 19.50Moz Au which
include Reserves of 7.16Moz Au. Following its IPO on the
Alternative Investment Market (AIM) in 2002, Petropavlovsk was
promoted to the London Stock Exchange in 2009, where today it is a
Premium Listed company and a constituent of the FTSE 250, FTSE 350,
and FTSE All Share indices. The Company's shares also trade on the
Moscow Exchange and are a constituent of the RTS Index and MOEX
Index.
The Company's key operating mines (Pioneer, Malomir and Albyn)
and its Pokrovskiy Pressure Oxidation (POX) Hub are located in the
Amur Region in the Russian Far East. Petropavlovsk has produced a
total of c.8.5Moz of gold since operations began in 1994 and has a
strong track record of mine development, expansion, and asset
optimisation.
Petropavlovsk is one of the region's largest employers and one
of the largest contributors to the sustainable development of the
local economy.
For more information
Please visit www.petropavlovskplc.com or contact:
Petropavlovsk PLC +44 (0) 20 7201 8900
John Mann / Patrick Pittaway / Max Zaltsman TeamIR@Petropavlovskplc.com
Hudson Sandler +44 (0) 20 7796 4133
Charlie Jack / Katerina Parker / Elfie Petropavlovsk@hudsonsandler.com
Kent
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