REG - Etalon Group PLC - Etalon Group among Top 50 in ESG Ranking

EtalonAnnouncement

02/11/2023 07:16

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RNS Number : 1746S  Etalon Group PLC  02 November 2023

2 November 2023

 

Etalon Group among Top 50 in ESG Ranking of Russian Companies

 

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
and longest-established development and construction companies, was among 160
businesses to receive a rating in RAEX's ESG ranking of Russian companies.

Having released its first-ever ESG report this year, detailing its strategy
and performance in the three main areas of the sustainability agenda, Etalon
Group obtained a high rating of BB and was among the top 50 companies in the
ranking.

Companies were evaluated on the basis of more than 200 criteria relating to
compliance with best practices in the areas of environmental protection (E),
social initiatives (S) and corporate governance (G). Of these, around 150
criteria applied to every company regardless of the nature of its business,
while the remainder were industry-specific.

Commenting on the Company's high ranking, Etalon Group CEO Gennadiy Shcherbina
said:

 

"We are developing our ESG efforts as a practical tool to improve our business
processes at the design, construction and operations stages, as well as those
processes that support various functions within the Company. In 2022, we
delivered excellent sustainability results and published our first stand-alone
ESG report, leading to our high position in the ranking and a rating of BB.
Inclusion in the ranking reflects a high regard for social responsibility,
compliance with best practices in terms of environmental protection and a high
level of corporate governance.

 

"We plan to further develop our ESG initiatives: to increase the transparency
of corporate governance; to expand programmes to support local communities,
given our expansion into new regions; to develop our collaboration with
universities to train personnel to work in the construction industry; and to
further reduce our carbon footprint thanks to the development of
15-minute-city projects, the incorporation of resource-efficient solutions,
the optimisation of logistics chains and the development of state-of-the-art
modular housing construction technology."

 

This and other announcements are available on the Etalon Group website:
https://www.etalongroup.com/investor-relations/investor-news/
(https://www.etalongroup.com/ru/investoram/novosti/)

 

Contact information

 

Etalon Group

IR Team

T: +44 (0) 20 8123 1328

E: ir@etalongroup.com

 

EM

E: etalon@em-comms.com (mailto:etalon@em-comms.com)

 

About Etalon Group

Founded in 1987, Etalon Group is one of Russia's largest development and
construction companies. The Company focuses on middle class residential real
estate in the Moscow and St Petersburg metropolitan areas. In 2021, the
Company began a regional expansion programme and has already launched new
projects in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With
a 35-year history, Etalon Group has one of the longest and most successful
track records in the Russian real estate industry. Since its foundation,
Etalon Group has delivered 8.9 mln sqm of real estate.

Thanks to its integrated business model, Etalon Group is able to create added
value for customers and shareholders at every stage of development, from land
plot analysis and acquisition to the operation and maintenance of existing
properties. Etalon Group employs more than 5,800 people, and its nationwide
sales network covers 35 regions of Russia.

Etalon Group's assets comprise 38 projects at the design and construction
stages, unsold inventory at completed residential complexes and commercial
properties, with total unsold NSA of 6.4 mln sqm, as well as a construction
and maintenance division. According to Nikoliers, the value of Etalon Group
assets as of 31 December 2022 was RUB 288 billion.

In 2022, Etalon Group's new contract sales totalled 292 ths sqm, or RUB 58.7
billion, not including accumulated new contract sales at YIT Russia as of its
acquisition.

The Company's revenue in 2022 amounted to RUB 80.6 billion, with EBITDA of RUB
16.5 billion.

Etalon Group's GDRs were listed on the Main Market of the London Stock
Exchange on 20 April 2011 and have been included in the Level 1 quotation list
of Moscow Exchange since 31 January 2020 under the ticker ETLN. In July 2023,
the Company completed the process of changing the basis for its listing on
Moscow Exchange.

 

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