REG-TCS Group Holding PLC TCS Group Holding PLC: issue of 2020 Sustainability Report - its first according to GRI Standards

TCS HoldingAnnouncement

30/06/2021 21:15

============

   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC: issue of 2020 Sustainability Report - its first
   according to GRI Standards

   30-Jun-2021 / 23:11 MSK
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   TCS Group Holding PLC: issue of 2020 Sustainability Report - its first
   according to GRI Standards

    

   Limassol, Cyprus - 30 June 2021. TCS Group Holding PLC (LI: TCS, MOEX:
   TCSG) ("Tinkoff" or the "Company"), Russia's leading provider of online
   financial and lifestyle services via its Tinkoff ecosystem, today
   announces the release today of its fourth sustainability (non-financial
   information and diversity statement) report and first in accordance with
   the Global Reporting Initiative (GRI) Sustainability Reporting Standards,
   option 'Core'.

   The GRI Standards create a common language for organisations to report on
   their sustainability impacts in a consistent and credible way that meets
   the needs of multiple stakeholders. This enhances global comparability and
   transparency.

   The decision to prepare our Sustainability Report 2020 in accordance with
   GRI Standards is a logical consequence of the Company's relentless efforts
   to improve the quality of disclosures for our stakeholders, further embed
   sustainability principles into our Company's businesses and evidences our
   commitment to transparency and corporate social responsibility.

   The Sustainability Report 2020 contains information needed to understand
   the nature of the Tinkoff business, its material topics and related
   impacts and how these are managed. It shows the Group's economic, social
   and environmental sustainability initiatives now and for the future, as
   well as actions taken by the Company to support online and offline
   communities in Russia in response to COVID-19. We believe the 2020 report
   already represents a significant improvement relative to previous
   editions, yet we remain committed to further improve our non-financial
   disclosures according to GRI standards. The Report can be found on the
   Company's websites at  1 www.tcsgh.com.cy and  2 www.tinkoffgroup.com

   The Chairperson of the Company's Sustainability Committee, Margarita
   Hadjitofi commented:

    

   'Tinkoff Group takes its role as a market leader seriously, striving to be
   proactive and to also lead in sustainability. The commitment to
   sustainable practices is evident throughout the Tinkoff business and is
   central to the Board's strategy. Tinkoff Group is not only operationally
   successful but has the right moral compass and company ethos and sharing
   the 2020 non-financial results, this time prepared in accordance with GRI
   Standards, with our stakeholders and the wider public is a positive step
   to improving ESG disclosures. I am excited to be a part of this dynamic
   Board and to chair the Company's Sustainability Committee.'

    

   Oliver Hughes CEO, added:

   'In April Tinkoff Group joined UNEP FI, committing to the Principles for
   Responsible Banking, the framework for ensuring banks' strategy and
   practices align with the vision for the future set out in the Sustainable
   Development Goals and the Paris Climate Agreement. It is excellent that we
   are able to commit the Group publicly to this path. Tinkoff's unique
   business model had from day one and retains at its core developing a
   sustainable business and that, if perhaps understated, has long been
   deeply embedded in the Tinkoff DNA. I am pleased to share with you today
   the latest results of our efforts, which while there is much more to do,
   are an impressive statement of our track record and show our direction of
   travel.

   At the same time let me extend my thanks to the members of our new
   Sustainability Committee all of whom joined the Board this year and a warm
   welcome to Tatiana Polyakova, our first dedicated Head of Sustainability,
   who joined us recently.'

   In the next few weeks Tinkoff plans to hold a call with the broader
   capital markets community to discuss the key governance and organizational
   changes related to sustainability as well as to discuss the key highlights
   from the 2020 Sustainability report. Details will be disclosed in due
   course.

   For enquiries:
   Tinkoff
                                  Tinkoff
   Artem Lebedev
   PR Department                  Larisa Chernysheva
                                  IR Department
   + 7 495 648-10-00 (ext. 2202)
                                  + 7 495 648-10-00 (ext. 2312)
   Alexandr Leonov
                                  Andrey Pavlov-Rusinov
   + 7 495 648-10-00 (ext. 35738)
                                   4 ir@tinkoff.ru
    3 pr@tinkoff.ru

    

   TCS Group Holding PLC 

   TCS Group Holding PLC is an innovative provider of online retail financial
   services. Its portfolio includes Tinkoff Bank, the mobile virtual network
   operator Tinkoff Mobile, Tinkoff Insurance, the management company Tinkoff
   Capital, Tinkoff Software DC, a network of development hubs
   in Russia's largest cities, and Tinkoff Education. The Group is currently
   developing the Tinkoff ecosystem, which offers financial and lifestyle
   services.

   The Group was founded in 2006 by Russian entrepreneur Oleg Tinkov and has
   been listed on the London Stock Exchange and on the Moscow Exchange.

   The Group's largest business is Tinkoff Bank, a fully online bank that
   serves over 13 million customers and represents the core of the Tinkoff
   ecosystem.

   Tinkoff Bank is the second largest player in the Russian credit card
   market, with a share of 14.0%. The 2020 IFRS net income of TCS Group
   Holding PLC amounted to RUB 44.2 billion. The ROE was 40.6%.

   With no branches, the Group serves all its customers remotely via online
   channels and a cloud-based call centre. To ensure smooth delivery of the
   Group's products, the Group has a proprietary nationwide network of
   representatives.

   Global Finance named Tinkoff Bank the world's Best Digital Consumer Bank
   in 2018 and 2020, the Best Digital Consumer Bank in Russia in 2020, 2018,
   2016 and 2015, and the Best Digital Consumer Bank in Central and Eastern
   Europe in 2019 and 2020. The Banker recognised Tinkoff Bank as the Bank of
   the Year in Russia in 2017 and 2013, and as the Best-performing Russian
   Bank in 2020. The bank's mobile app has consistently received top industry
   ratings and awards (by Deloitte in 2013, 2014, 2015, 2016 and by Global
   Finance in 2018 and 2020) and in 2020, was ranked by Forbes among the
   top-3 Best Russian Employers.

   ══════════════════════════════════════════════════════════════════════════

   ISIN:          US87238U2033
   Category Code: MSCH
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  114695
   EQS News ID:   1214082


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

    5 fncls.ssp?fn=show_t_gif&application_id=1214082&application_name=news&site_id=reuters8

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=e814077f152a686cf0935dbe5f92c3b1&application_id=1214082&site_id=reuters8&application_name=news
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=313b2f37a7b94f53520cf4c75363fc53&application_id=1214082&site_id=reuters8&application_name=news
   3. mailto:pr@tinkoff.ru
   4. mailto:ir@tcsbank.ru


============