PJSC LSR Group: LSR Group publishes its 2018 Sustainability Report

PJSC LSR Group (LSRG) 
PJSC LSR Group: LSR Group publishes its 2018 Sustainability Report 
 
25-Jul-2019 / 15:40 CET/CEST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
          LSR Group publishes its 2018 Sustainability Report 
 
        St. Petersburg, Russia - 25 July 2019 - 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 
 2018, on its website https://www.lsrgroup.ru/en/sustainability-reports [1]. 
 
   Last year, LSR became a pioneer of Corporate and Social Responsibility in 
            the Russian real estate sector with the publication of its first 
 Sustainability Report, prepared in accordance with the GRI Global Reporting 
Initiative Standards. LSR Group has made an on-going commitment to report on 
       its sustainability initiatives, which reflects the Company's focus on 
                    implementing best practice disclosure. 
 
     Dmitri Goncharov, Chairman of the Board of Directors of PJSC LSR Group, 
     commented: "LSR Group provides high-quality and comfortable housing, to 
        bring about a positive improvement to people's living standards. The 
    principles of sustainable development are core to our business strategy, 
   culture and activities and we see it as a means of securing the long-term 
   development of LSR Group. At the heart of our approach is to provide high 
levels of transparency, to ensure that the interests of all stakeholders are 
                    considered during our course of business." 
 
 Igor Tsoi, Director of Investor Relations & Sustainable Development of PJSC 
 LSR Group, commented: "We achieved a great deal of progress during 2018 and 
 we expect to evidence even more progress during the course of th e year, as 
          we reach our targets, contribute to the achievement of Sustainable 
Development Goals, adopted by the United Nations General Assembly and fulfil 
             our commitments as a United Nations Global Compact participant. 
 
  "We implemented a number of initiatives during the course of the year, and 
we are proud of the results achieved. We continue to improve the quality and 
 safety of our working conditions, we foster ethical business activities, we 
      invest in social and charitable projects in our communities and we are 
                    improving our environmental management practices. 
 
   "As an example, on occupational health and industrial safety, substantial 
 progress was made with a 71% reduction in the occurrence of accidents to 10 
   incidents in 2018, with no fatalities. Meanwhile, we endeavour to achieve 
    our goal which is to reach a zero-injury rate at our construction sites. 
 
 "We have also increased levels of transparency and strengthened our ethical 
     approach to business by strengthening the independence of our Board and 
        taking practical steps such as introducing an electronic procurement 
                    platform." 
 
                    For more information please contact: 
 
            Investor Relations Media Relations 
 
                               LSR Group Press Service 
                               E-mail: [e-mail] 
 
                     Igor Tsoy 
 
Director of Investor Relations 
 
        E-mail: [e-mail] 
 
About LSR Group: 
 
PJSC LSR Group is one of Russia's leading residential real estate developers 
and building materials producers. Founded in 1993, the business of LSR Group 
        is concentrated in the three largest regions of Russia - Moscow, St. 
    Petersburg and Yekaterinburg. The main business areas of the Company are 
         real estate development and construction and production of building 
    materials. LSR Group carries out projects in all segments of residential 
                    real estate market: mass market, business and elite. 
 
   In accordance with its audited IFRS consolidated financial statements for 
 2018, LSR Group had revenue of RUB146.4 billion, Adjusted EBITDA of RUB36.4 
billion and Net Profit of RUB16.2 billion. As of 31 December 2018 (according 
     to Knight Frank), the net sellable area of projects in LSR Group's real 
   estate portfolio amounted to 7.8 million m2 with a market value of RUB186 
                    billion. 
 
     Ordinary shares of the Company are traded on the Moscow Exchange (MOEX: 
    LSRG) and GDRs representing its ordinary shares are traded on the London 
                    Stock Exchange (LSE: LSRG). 
 
                    www.lsrgroup.ru [2] 
 
ISIN:           US50218G2066 
Category Code:  MSCM 
TIDM:           LSRG 
LEI Code:       25340067LEEMJ79K8X43 
OAM Categories: 3.1. Additional regulated information required to be 
                disclosed under the laws of a Member State 
Sequence No.:   14686 
EQS News ID:    847049 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=9d4b3ae46bf979270b50c5eba3b22330&application_id=847049&site_id=vwd&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f69150ed01d3088b34284c75345c9309&application_id=847049&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

July 25, 2019 09:40 ET (13:40 GMT)