PJSC LSR Group (“LSR” or the “Company”) (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, today announces that it has published its Sustainability Report, for the year ended 31 December 2019, on its website:https://www.lsrgroup.ru/en/sustainability/sustainability-reports.
The 2019 Sustainability Report outlines LSR’s sustainability strategy and performance results. The qualitative and quantitative data disclosed in the report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards.
Dmitry Goncharov, Deputy Chairman of the Board of Directors and Chairman of Strategy and Investment Committee of the PJSC LSR Group Board of Directors, commented: “LSR Group strives to provide high levels of transparency, as well as accurate and complete information disclosure. This year, for the first time, KPMG performed the independent assurance of the information provided in the LSR’s 2019 Sustainability report.”
Igor Tsoy, Director of Investor Relations and Sustainable Development of PJSC LSR Group, commented: “We implemented a number of initiatives and achieved progress during the course of the year. While continuing to reach our measureable targets, we also contribute to the achievement of the global Sustainable Development Goals and fulfil our commitments as a United Nations Global Compact signatory.”
LSR Group revised and adopted a number of corporate regulations governing and improving the effectiveness of the key business processes, including PJSC LSR Group Sustainability policy. Wecontinued to improve the quality and safety of our working conditions, which led to a 20% reduction in the occurrence of accidents to 8 incidents in 2019, with no fatalities.
LSR Group fosters ethical business activities, continues automation in HR and procurement processes and invests in social and charitable projects in our communities. LSR Group has also improved its environmental management practices by starting two initiatives: deploying a centralised automated environmental data system, as well as implementing a GHG calculation and analysis system.
The publication of 2019 Sustainability Report coincides with the COVID-19 pandemic. LSR Group takes all necessary measures to reduce the risk of spreading COVID-19, ensure safety of employees and other stakeholders, as well as manage business continuity. This year, LSR Group will continue to focus on its strategy taking into account challenges relating to the COVID-19 crisis and promptly respondingto stakeholders’ needs and expectations.
For more information please contact:
Director of Investor Relations and Sustainable Development
LSR Group Press Service