ESG ratings upgrades

Polymetal received a rating of A (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment. Additionally, ISS-Oekom Corporate Rating was upgraded to C+.

Following the 2019 review of the MSCI ESG Ratings assessment, Polymetal’s overall score improved from BBB to A. MSCI ESG Research provides in-depth research, ratings and analysis of the environmental, social and governance-related business practices of thousands of companies worldwide. The research is designed to provide critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. The MSCI ESG Ratings are also used in the construction of the MSCI ESG Indexes, produced by MSCI, Inc.  

In July 2019, ISS-Oekom upgraded Polymetal’s rating from C to C+. The Company showed significant progress in all Social and Governance Rating indicators (including Staff and Suppliers, Society and Product Responsibility and Corporate Governance and Business Ethics) and Eco-efficiency indicator. The Company’s Controversy Level was evaluated as minor.

Polymetal supports the UN Global Compact, EITI, CDP, Cyanide Code and Global Reporting Initiative. The Company is part of the leading sustainability indices, including among others Dow Jones Sustainability Index, MSCI ESG Leaders and FTSE4Good and rated by Sustainalytics.

To learn more about Polymetal’s sustainability initiatives, please visit https://www.polymetalinternational.com/en/sustainability or see the Company’s latest sustainability report “Integrating Sustainability Throughout”.