EQS-News

Yandex Publishes Its First Sustainability Report

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Sustainability/Sustainability Yandex Publishes Its First Sustainability Report 28.05.2021 / 10:00 MSK The issuer is solely responsible for the content of this announcement. Yandex Publishes Its First Sustainability Report Moscow and Amsterdam, the Netherlands, May 28, 2021 - Yandex (NASDAQ and MOEX: YNDX), one of Europe's largest internet companies and the leading search and ride-hailing provider in Russia, today publishes its 2020 Sustainability Report, which details our corporate sustainability agenda and presents key ESG achievements and performance metrics.

 

The report is the result of a comprehensive effort to systematize Yandex's social, environmental and other sustainability-related initiatives and present them in a way that is aligned with Yandex's business strategy, corporate values and principles of business conduct, as well as with the UN Sustainable Development Goals. The report was prepared in accordance with GRI Standards and integrates sector-specific standards from the Sustainability Accounting Standards Board (SASB).

 

Tigran Khudaverdyan, Deputy Chief Executive Officer of Yandex, said: "At Yandex we are constantly trying to imagine and shape what the future will look like. This helps us develop products that will remain relevant and helpful to users in five, even ten years from now. However, these products do not appear from thin air: they need a solid foundation from which to grow. They depend on our technology and knowledge, our human capital and business models. As we seek to strengthen this foundation, we strive to treat those who contribute to our operations fairly and to rationally use the resources we rely on. As Yandex continues to grow, we are always looking to the future, and that is why we prioritize sustainable development over short-term gains."