MAGNIT PJSC (MGNT)
Magnit makes top-3 in ESG ranking of non-financial public companies, becomes best among retailers
21-Jul-2021 / 09:59 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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MAGNIT MAKES TOP-3 IN ESG RANKING OF NON-FINANCIAL PUBLIC COMPANIES, BECOMES BEST AMONG RETAILERS
Krasnodar, Russia (July 21, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading
retailers, placed third in the ESG ranking of Russian non-financial public companies produced by the National Ratings
Agency (NRA). The Company scored 31.71 points, the highest among Russian retailers.
The results of the ranking survey were presented during the roundtable discussion titled "ESG Ranking of Russian
Businesses. Transformation of ESG Agenda of Russian Issuers". The ranking spans 105 of the largest industrial and
consumer companies whose stocks are included in Level 1 and Level 2 quotation lists of the Moscow Exchange. The maximum
possible score, which was derived from three separate components, was 38 points. The top spot was given to a company
with its 31.94 points; a company, which scored 31.8 points, came in second.
The NRA's study notes that ESG factors are most important for companies that already have an established pool of
investors who focus on ESG compliance and integration of the sustainability agenda. The agency also highlighted the
gradual shift in consumer preferences towards products made by ESG-compliant companies as another important driver. The
NRA's study states that this is especially important for companies working in retail, where the ESG agenda is rapidly
becoming more and more relevant. The agency thinks that Russian consumer sector already has companies that may be
viewed as driving sustainable practices in the industry. All this serves as an indication that businesses that actively
integrate sustainability practices into their agenda will enjoy a greater number of loyal customers and be able to hold
onto their market positions in the future.
Besides that, survey participants showing more advanced levels of ESG agenda integration also have very high
transparency and information quality with regard to non-financial reporting.
Magnit, which received the best score among Russian retailers, was assigned to the Advanced Level group. According to
the NRA's survey, companies at this level have a long-term sustainability strategy and a plan for implementation of
such strategy, as well as relevant KPIs and public reports disclosing achievement of such KPIs. In addition to that,
integration of the ESG agenda in these companies is reflected in corporate governance, organizational structure, and
business processes; moreover, such companies involve their employees in development and execution of the strategy.
«
Anna Meleshina "Last year, we approved our Sustainability Strategy, becoming the first Russian retailer to
undertake quantitative and qualitative commitments and specify the criteria for their
Director of Department fulfillment by 2025. We've identified five priority areas: decreasing our impact on the
for Corporate Relations environment, developing a responsible supply chain, caring about our employees, supporting
and Sustainable Business local communities, and promoting a healthy lifestyle. This year, we published our second ESG
Development at Magnit report and disclosed more non-financial information to try and meet the demand of all
stakeholders. Bottom line is, despite all the challenges and restrictions brought on by the
» pandemic, we ultimately succeeded in achieving progress across all of the areas of the
Strategy. The fact that we've been ranked among the Top 3 by the NRA confirms that we're
moving in the right direction."
For further information, please contact:
Dina Chistyak
Head of Investor Relations
dina_chistyak@magnit.ru
Office: +7 (861) 210 9810 x 15101
Media Inquiries Twitter
press@magnit.ru @MagnitIR
Note to editors
Public Joint Stock Company "Magnit" is one of Russia's leading retailers. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of March 31, 2021, Magnit operated 39
distribution centers and 21,900 stores (15,098 convenience, 471 supermarkets and 6,331 drogerie stores)
in 3,770 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS 16 results for FY 2020, Magnit had revenues of RUB 1,553.8 billion
and an EBITDA of RUB 178.2 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT)
and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's
of BB.
Forward-looking statements
This document contains or may contain forward-looking statements that may or may not prove accurate. For
example, statements regarding expected sales growth rate and/or store openings are forward-looking
statements. Forward-looking statements involve known and unknown risks, uncertainties and other important
factors that could cause actual results to differ materially from what is expressed or implied by the
statements. Any forward-looking statement is based on information available to Magnit as of the date of
the statement. All written or oral forward-looking statements attributable to Magnit are qualified by
this caution. Magnit does not undertake any obligation to update or revise any forward-looking statement
to reflect any change in circumstances. -----------------------------------------------------------------------------------------------------------------------
ISIN: US55953Q2021
Category Code: MSCU
TIDM: MGNT
LEI Code: 2534009KKPTVL99W2Y12
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 118089
EQS News ID: 1220514
End of Announcement EQS News Service
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July 21, 2021 02:59 ET (06:59 GMT)
