Sistema PJSFC (SSA)
Sistema is ranked as one of the Russian leaders in environmental transparency
Moscow, 8 December 2020 - Sistema PJSFC (hereinafter, "Sistema" or "the Corporation") (LSE: SSA; MOEX: AFKS), a publicly-traded diversified holding company, announces that the Corporation and its portfolio company MTS PJSC (NYSE: MBT; MOEX: MTSS), Russia's largest mobile operator and a leading provider of media and digital services, have both been ranked among the top seven out of 29 Russian companies to voluntarily disclose climate data in line with the international CDP (formerly known as Carbon Disclosure Project) reporting systemin 2020. As a result, Sistema and MTS have improved their positions in the global CDP rating to 'B'.
Increasing transparency and improving non-financial reporting are among Sistema's guiding corporate responsibility principles. As a responsible investor, the Corporation recognises the value of submitting data through CDP in allowing Sistema to better understand the environmental impact of its investment activities, as well as climate change risks and opportunities within its portfolio companies. Sistema is proud to be among the responsible global businesses striving to mitigate environmental impacts and improve corporate accountability.
In 2020, 515 investors with US$106 trillion in assets requested thousands of companies to disclose their environmental data through CDP. The rise in corporate disclosure - which has now reached 9,600 companies worldwide in 2020 - is evidence that transparency around environmental impact is now a business norm.
Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, timber processing, agriculture, real estate, tourism and healthcare services. The company was founded in 1993. Its revenue in 2019 reached RUB 656.9bn; its total assets equalled RUB 1.3tn as of 31 December 2019. Sistema's global depositary receipts are listed under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website www.sistema.ru.
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