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20 Years of Sustainable Development

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20 Years of Sustainable Development 20 YEARS OF SUSTAINABLE DEVELOPMENT Polymetal International plc Sustainability Report 2017 THE GROUP CEO’S STATEMENT OVERVIEW Action expresses priorities OVERVIEW HEALTH AND SAFETY Welcome to our Sustainability Report, which marks Polymetal’s 20th year of conducting business responsibly: Welcome to our At a glance 06 Safety risks management 48 two decades in which we have achieved tremendous Where we operate 08 Safety performance 50 success. We currently employ around 12,000 people at eight Sustainability Business model 10 operations covering three countries and seven time zones. Our approach 12 COMMUNITIES Of our employees, 20% are under 30, and more than 500 come from families who have worked at Polymetal for years. Report 2017 How we manage sustainability 14 Community engagement 55 Materiality 17 Social investment 56 Altogether we have produced almost 16.6 Moz of gold, and over 350 Moz of silver. We have discovered 20 mineral ENVIRONMENT Stakeholder engagement 18 Impact assessment 58 deposits, performed 2,200 km of exploration drilling, and Sustainable development goals 20 developed over 550 km underground. Our current licensed Our performance 21 ECONOMIC area is the size of 1,000,000 football pitches. We were the first company in the former Soviet Union to use pressure Financial assistance 63 ENVIRONMENT oxidation technology (POX) for extracting gold from refractory Local employment 63 concentrates, and the first in post-Soviet states to establish Water 26 Supply chain 63 When our environment and society an in-house engineering and design centre. Waste 27 R&D 64 ABOUT THIS REPORT flourish, our business can flourish. Our achievements spread beyond Polymetal to the benefit Polymetal International’s Sustainability Report 2017 covers Energy and carbon 29 Markets served 64 of the wider community. We have repaired and equipped When they falter, our business will falter. EMPLOYEES Group-wide policies and activities at our operations in Air quality 30 20 hospitals, 39 sports facilities, and 126 schools and Russia, Kazakhstan and Armenia and presents information kindergartens for over 18,000 children. We have planted Mine closures 31 APPENDICES Only by working in harmony with our on our performance for the reporting period 1 January 2017 more than 7,000 trees and 11,000 flowers, released to 31 December 2017, plus comparative data for prior years. Biodiversity 32 External assurance report 65 surroundings can we thrive together. 825,000 fish spawn and cleaned 15 water bodies. The report follows Global Reporting Initiative (GRI) Key sustainability data 67 We believe that our ethos of giving to our people and local Sustainability Reporting Standards. PwC has assured the EMPLOYEES GRI disclosures 71 performance data relating to our most material economic, surroundings while creating value to shareholders has been social and environmental impacts. Diversity 38 Other information 75 central to our business success and is the only way forward. Human capital development 39 We are deeply committed to sustainability and continuous Please read more at www.polymetalinternational.com and improvement, which translates into safer working conditions Labour practice 42 get in touch at [email protected]. for people, responsible environmental management, support for our local communities, and growing economic value for COMMUNITIES our stakeholders. And for nine years, we have been a member of the UN Global Compact, which helps us to implement universal sustainability principles and take steps to support UN Sustainable Development Goals. As Mahatma Gandhi said, “Action expresses priorities”. We don’t simply talk about the importance of sustainability – in this report, we are proud to illustrate how we have turned our priorities into action over the past two decades. We also highlight our most recent action and achievements from 2017. ECONOMIC The Board and I are devoting considerable time and effort into making our business even more sustainable, and we are involved in sustainability issues across the Group. We cannot achieve our goals alone, and I would like to express our sincere thanks to our people, for their tireless commitment and dedication to making Polymetal the success that it is today. We would also like to thank our investors for their ongoing support, confidence, and invaluable feedback. Looking forward to the next 20 years of sustainable business, APPENDICES Vitaly Nesis Group Chief Executive Officer POLYMETAL INTERNATIONAL PLC SUSTAINABILITY REPORT 2017 01 20 YEARS OF CREATING VALUE OVERVIEW OPERATIONAL SOCIAL ENVIRONMENTAL EMPLOYEES Built Produced 16.6 Moz Polymetal was the Polymetal repaired and equipped: Polymetal planted 12 of gold, equal to 1st 20 > 7,000 plants and updated 450,000 company on the territory of hospitals trees 3 plants medals if they were the former USSR to use the ENVIRONMENT made of pure gold technology of pressure oxidation for refractory gold-bearing 11,000 > 500 concentrates. flowers mining families work in Polymetal 126 Today in Polymetal schools and kindergarten (>18,000 children attend them) 20% EMPLOYEES Produced 350 Moz of staff members of silver, equal to are under 30 Released 73 20 2,200 km More than Belaz trucks with load fields (mineral deposits) of boreholes were drilled 825,000 were discovered capacity of 136 tonnes 39 fish spawn 286 sports facilities continuous improvement proposals were offered by workers and COMMUNITIES Cleaned 186 15 were implemented water bodies Every year Polymetal was the 553,742 m of underground Today the company has 100 licences. GEOGRAPHY ECONOMIC development, which equals almost Licensed area is 7,500 km2 which 1,500 1st equals more than workers take part 5 We operate in in cleaning events In the company there are company in CIS to establish its 1,000,000 own engineering and design centre St Petersburg subways around 12,000 football pitches 3 countries: Russia, Kazakhstan, people Armenia across 7 APPENDICES time zones POLYMETAL INTERNATIONAL PLC POLYMETAL INTERNATIONAL PLC 02 SUSTAINABILITY REPORT 2017 SUSTAINABILITY REPORT 2017 03 THE SAFETY AND SUSTAINABILITY COMMITTEE CHAIR’S STATEMENT reducing risks, and our commitment to the ultimate goal OVERVIEW of zero fatalities at our operations. RECOGNITIONS OF OUR EFFORTS 20 years protecting the environment Achievements For the past 20 years, Polymetal We are committed to the protection of life, health and the > 1st place in environmental responsibility rating for environment for present and future generations. At every stage metals and mining companies in Russia by WWF has been pioneering in the industry, of the mining life cycle, we work to avoid, reduce or mitigate and UNDP prioritising safety, protecting the any negative environmental impacts. In 2017, we completed > 1st for labour productivity among biggest Russian environment, valuing our employees, our energy study, with pilot projects on solar and wind sources metals and mining companies by Vedomosti to be launched in 2018. Our energy management system has > Polymetal became an ACCA approved employer and supporting communities wherever been developed in accordance with ISO standards, and our ENVIRONMENT we operate. When I look forward to the climate change and carbon management system is currently under development. We have also expanded our water and Awards next 20 years, I am extremely optimistic. waste management programmes. > Best Technology Award at the Russian Mining Excellence Awards at the MINEX Russia 2017 Forum 20 years valuing employees > Polymetal was shortlisted in the Best Remuneration Our people are our greatest and most valued asset, working Report category of the ICSA Awards 2017 with enormous commitment to execute our strategy. In human > Polymetal was shortlisted for Best ESG resource management, we focus on increasing diversity and Communications at the IR Magazine Awards – equal opportunities for women, decreasing labour turnover, Europe 2017 and providing training and career development opportunities > Okhotsk hub operations received the Best Industrial EMPLOYEES for employees. In 2017, collective bargaining agreements at 20 years of discovering Safety Award in the Okhotsk Region from local Polymetal were extended where needed for a further three government bodies OUR VALUES For the past two decades, Polymetal International has been years, and we incorporated our Company’s standards at exploring, doing and discovering. The journey hasn’t always newly acquired operations. Furthermore, we significantly > Omolon hub operations ranked 2nd for our measures Stewardship been easy, but we are fulfilling our vision, continuing to build to decrease injury and occupational diseases rate in improved our career development system and people the Magadan region We work to protect the environment, maximise a thriving and responsible mining business. We attribute programmes. Health initiatives, such as our HIV programmes, the health, safety and well-being of employees, our success to our focus on what is right – conducting were also launched at the most exposed operations. 2018 is > Polymetal awarded Best Social Partnership at ‘Sponsor of the year in city of Magadan’ contest and respect the rights of all stakeholders business while prioritising health and safety, minimising the 70th anniversary of the Declaration of Human Rights and affected by our operations. our environmental impact, treating our employees fairly, we will mark this year with a widespread training programme > Varvara awarded Best Environmental Development and supporting
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