In the light of recent developments, and in the interests of preserving shareholder value, the Board and the Special Committee have decided to consider all possible options available for divestment of JSC Polymetal and its subsidiaries.
Please find frequently asked questions regarding sustainable development below.
Polymetal yearly discloses qualitative and quantitative information on ESG in the Sustainability Chapter of Integrated Report which is prepared in accordance with the GRI SRS and SASB Standard and is aligned with TCFD recommendations. Our recent sustainability disclosure and all related data are assured by Ernst & Young Advisory LLP. The report is assured by PwC. We also disclose historical quantitative data in our Sustainability Datapack.
All of the above can be found in the Data Center via the link.
Our Code of Conduct, as well as Human Rights, Community Engagement, Environmental, Climate, Health and Safety, Anti-Bribery and other policies are available at our website.
We have identified key impact areas of mining and we are working to maximise our positive and minimise any negative impacts, aligning them to the UN Sustainable Development Goals and setting targets to measure our progress. Explore our Impact and the UN SDGs Report via the link.
Polymetal’s ESG performance is regularly assessed by the world’s leading agencies and raters. The current scores are reflected in our most recent Integrated Report and in Sustainability section of our website.
To date, there have been no environmental accidents involving tailings facilities at the Company’s operations in Russia or Kazakhstan. Our investigations confirmed that any emergency failure at our dams would have no impact on settlements, buildings, structures or facilities where communities or employees may be present. To further improve tailings safety and minimise the risk of dam failure, we are moving towards dry stack storage methods. We currently store 72% in dams and 28% as dry cake, but we are gradually increasing dry stacking as this significantly reduces the risk of water contamination. We are committed to ensuring the compliance of all our operations with the Global Industry Standard on Tailings Management and, in 2023, we updated our Tailings Storage Facilities Report which is available on our website and provides the detailed information on each facility, associated risks and mitigation measures.
Evaluation of climate risks is an integral part of our strategy and decision-making across project life cycles, from scoping to operations and reclamation. The risk analysis complies with recent TCFD guidance, and includes three climate scenarios that correspond to the baseline goals of the Paris Agreement. The physical risks associated with the melting of permafrost, as well as the transitional risks associated with national and international carbon regulation, are the most likely to increase in the long term. We are particularly attentive to these risks and we have developed preventive adaptation measures. To inform our stakeholders on our exposure to climate-related risks and how we manage them, we have implemented detailed TCFD disclosure in our Integrated Report and have issued a separate permafrost FAQ available in the Sustainability section of our website.