COMBINING FORCES

SUSTAINABILITY REPORT | 2021

Contents

SUSTAINABILITY REPORT | 2021

Overview of Moscow Exchange Group's

reporting suite ...................................................

2

2021 Sustainability Performance Highlights�������������������������������������� 8

Statement from the Chief Executive Officer . 10

Integrating ESG principles into the 2024

Group Strategy ................................................

12

Key indicators..................................................

16

2021 Sustainability Milestones.......................

20

Climate agenda................................................

22

MOEX Group's focus areas: 'GREAT'............

30

Genuine partnership and engagement

with the community ���������������������������������������������� 30 Responsible investing and sustainable growth���� 36 Environment of respect and empowerment ��������� 44

Advanced governance and responsible

business practices ����������������������������������������������� 48 Trusted and resilient market infrastructure ���������� 59

Resource efficiency and environmental impact ��� 65

Overview of the COVID-19 response .............

68

Moscow Exchange in ESG indices

and ratings .......................................................

69

Sustainability Data���������������������� 70

MOEX Group's focus areas: 'GREAT'............

72

Genuine partnership and engagement

with the community ���������������������������������������������� 72 Responsible investing and sustainable growth���� 74 Environment of respect and empowerment ��������� 76

Advanced governance and responsible

business practices ����������������������������������������������� 82 Trusted and resilient market infrastructure ���������� 85

Resource efficiency and environmental impact ��� 86

Sustainability Approaches

and Procedures �������������������������� 88

MOEX Group's focus areas: 'GREAT'............

90

Genuine partnership and engagement

with the community ���������������������������������������������� 90 Responsible investing and sustainable growth���� 99 Environment of respect and empowerment ������� 104

Advanced governance and responsible

business practices ��������������������������������������������� 111 Trusted and resilient market infrastructure �������� 120

Resource efficiency and environmental impact � 128

Appendices������������������������������� 130

Appendix 1. Moscow Exchange's

Contribution to the UN SDGs .......................

132

Appendix 2. Statements................................

139

Statement of Moscow Exchange Group

on communication with stakeholders as part

of the Sustainable Stock Exchanges initiative ��� 139

Statement of Moscow Exchange on compliance with the principles of the UN Global Compact ��� 142

Statement of Moscow Exchange on respect for human rights and counteracting modern slavery ��������������������������������������������������������������� 145

Appendix 3. GRI Content Index....................

146

Appendix 4.

SASB Metrics............................

162

Appendix 5.

Glossary....................................

164

Appendix 6.

Independent Auditor's Report 166

Appendix 7.

Contact Details.........................

168

MOEX.COM | SUSTAINABILITY REPORT 2021

OVERVIEW OF MOSCOW

EXCHANGE GROUP'S

REPORTING SUITE

Structure of the Report

For the convenience of the Report's users, the Group has decided to use a similar structure to that of its 2020 Sustainability Report; accordingly, there are three main sections: "2021 Sustainability Performance Highlights", "Sustainability Data", and "Sustainability Approaches and Procedures". The appendices include, "Moscow Exchange's Contribution to the UN SDGs", "Statements", "GRI Content Index", "SASB Metrics", "Independent Auditor's Report", "Glossary", and "Contact Details".

OVERVIEW OF MOSCOW EXCHANGE GROUP'S REPORTING SUITE 2021 SUSTAINABILITY PERFORMANCE HIGHLIGHTS SUSTAINABILITY DATA SUSTAINABILITY APPROACHES AND PROCEDURES APPENDICES

Moscow Exchange's Contribution to the UN SDGs

The appendix contains the Group's priority UN SDGs; it also describes the key tasks, projects, metrics, and results of the Group in achieving these goals

as part of its agenda.

Statements

2021 Annual Report

The2021 Annual Reportprovides comprehensive information on the business model, strategic priorities, products, corporate governance system,

and operational and financial results

of Moscow Exchange Group for the year ended 31 December 2021.

2021 financial statements

The2021 financial statementsdescribe Moscow Exchange Group's financial position as of 31 December 2021.

THE 2021 SUSTAINABILITY REPORT

102-50

In 2022, Moscow Exchange (also, the "Group") published its third sustainability report (the "Report"), which contains information on its responsible business practices in the calendar year ended 31 December 2021. It is an important tool for communicating

with stakeholders.1

The Report also provides information on the mission and strategy of Moscow Exchange, management approaches, and key events in the reporting year.

It sheds light on material topics2 such as responsible investment, decent working conditions, sustainable financial infrastructure, financing, and corporate governance. Likewise, it describes the position

of the Group regarding climate change, discerning use of resources, charity, and other environmental

2021 Sustainability Performance Highlights

This section presents key initiatives and achievements of Moscow Exchange in 2021. These were implemented in line with the Group's Sustainability Roadmap.

The section also describes measures taken to apply ESG principles in accordance with the 2024 Group Strategy. The section contains information on Moscow Exchange's plans and objectives for 2022 and in the medium term.

Sustainability Data

The section discloses the primary metrics

of the company's sustainability performance in 2019, 2020, and 2021. The structure of this section corresponds to the section "2021 Sustainability Performance Highlights", as well as the section "Sustainability Approaches and Procedures".

Moscow Exchange Group supports a number of international initiatives and organizations; it shares their principles, integrating their requirements

and recommendations into its activities. The "Statements" appendix outlines the Group's position on a number

of vital issues, including:

  • statement of Moscow Exchange Group
    on communication with stakeholders as part of the Sustainable Stock Exchanges initiative;
  • statement of Moscow Exchange on compliance with the Principles of the UN Global Compact;
  • statement of Moscow Exchange on respect for human rights and counteracting modern slavery.

GRI Content Index

This index consolidates all the GRI disclosures published in the Report, allowing for easier navigation through its sections. It also contains remarks on the disclosures.

Investor presentations

The2021 investor presentationsoutline trends in Moscow Exchange Group's key operational and financial results, describe products and services for customers, and present the Group's position

on the global market.

  1. More detailed information on stakeholder groups may be found in the subsection "Genuine partnership and engagement with the community" of the sections "2021 Sustainability Performance Highlights" and "Sustainability Approaches and Procedures".
  2. For detailed information on material topics, see the section "MOEX Group's approach to materiality".
  3. The assurance was carried out in accordance with ISAE 3000 (revised): "Assurance Engagements Other than Audits or Reviews of Historical Financial Information".

and social issues.

102-51102-52

The Group publishes a sustainability report every year. The previous report was published in May of 2021.

102-32

This Report was approved by the Moscow Exchange Executive Board.

102-56

In 2021, FBK LLC, an independent auditor, was engaged for the first time to assure3 the qualitative and quantitative information disclosed in the Report in accordance

with the GRI Standards and the SASB Security

  • Commodity Exchanges standard (for selected information). The auditor's report, which provides limited assurance regarding selected information, is included as an appendix to this Report.

SASB Metrics

Sustainability Approaches and Procedures

This index includes metrics pertinent to the SASB

This section provides information on the approachSecurity & Commodity Exchanges standard. of Moscow Exchange at the management level to key

areas of sustainable development, including an overview of corporate policies, codes, procedures, and responsible departments. The information in this section supplements the section "2021 Sustainability Performance Highlights", the section "Sustainability Data", and the Moscow Exchange 2021 Annual Report.

2

3

MOEX.COM | SUSTAINABILITY REPORT 2021

OVERVIEW OF MOSCOW EXCHANGE GROUP'S REPORTING SUITE 2021 SUSTAINABILITY PERFORMANCE HIGHLIGHTS SUSTAINABILITY DATA SUSTAINABILITY APPROACHES AND PROCEDURES APPENDICES

Guidelines and standards used in preparing the Report

Reporting boundaries

MOEX GROUP'S APPROACH TO MATERIALITY

102-48102-54

This Report has been prepared in accordance with the GRI Standards: Core option; however, the requirements and recommendations of other standards and guidelines were taken into account

as well. These include the WFE ESG Guidance & Metrics (2018), the SASB Security & Commodity Exchanges standard (2018), and the Task Force on Climate-related Financial Disclosures (2017).

102-48

When preparing the 2021 Report, the Group made the following changes:

■

greenhouse gas emission indicators (Scopes 2 and 3)

were recalculated, as the Group has revised its

approach to estimating indirect greenhouse gas

emissions;

■

the disclosure of quantitative HR data was brought

102-45

The reporting boundaries include the following entities of Moscow Exchange Group: Moscow Exchange, the National Settlement Depository (NSD), and the National Clearing Centre (NCC). A full list

of the Group's entities and changes to the composition of the Group can be found on page 5 of the 2021 Annual Report, p. 5and in the 2021 IFRS Consolidated Financial Statements, p. 16.

102-1102-5

In this Report, "Moscow Exchange" and "MOEX" mean the organization whose full corporate name as stated in its Articles of Association is Public Joint-Stock Company Moscow Exchange MICEX-RTS1. "Moscow Exchange Group", or simply the "Group", means the pool of companies that are part of Moscow Exchange Group, which fall within the scope of this Report.

102-49

Determining material topics for the Report is an essential part of preparing non-financial statements as per the GRI Standards. The purpose of this procedure is to study and identify the economic, environmental, and social issues that are most impacted by Moscow Exchange's activities and are most important to stakeholders.

According to established practice, material topics

are analyzed annually, and stakeholders are surveyed once every two years. The material topics identified through the stakeholder survey carried out by Moscow Exchange in 2020 apply to this Report as well.

102-46102-47102-43

In 2020, Moscow Exchange made a comprehensive assessment of material topics, taking into consideration the opinions of key stakeholders. As a result of this

assessment, 16 topics were identified; their significance was then evaluated according to the following criteria:

  • the significance of Moscow Exchange's impact on economic, environmental and social aspects of the topic in question (the X axis of the matrix of material topics);
  • the significance of the topic for stakeholders, based on an evaluation of Moscow Exchange's impact on stakeholders' activities (the Y axis of the matrix of material topics);
  • the availability of recommendations on disclosing such topics from leading associations, such as the World Federation of Exchanges (WFE) and the Sustainable Stock Exchanges (SSE) Initiative, which represent the interests of the professional community of stock exchanges.

Based on this analysis, the Group prepared a list

of eight topics that it deemed material and mandatory for disclosure. Information on other topics has also been disclosed selectively.

into line with the GRI Standards; the Group now

breaks down information by age group: younger

than 30 years old, 30-50, and over 50;

■

the approach to calculating the average hours

of training per year per employee was brought into line

with the GRI Standards; the indicator was recalculated

based on the total number of employees at the end

of the year, and not on the number of employees

who received training;

■

the approach to calculating the percentage of new

employee hires and turnover by age group and gender

was changed: the indicator was recalculated based

on the number of the corresponding category at year-

end, and not on the total number of employees;

■

the amount allocated for charity projects in 2020

was reconsidered;

■

the approach to calculating energy intensity

was revised (as of 2021, the sum of total energy

consumed is factored in, not only electricity);

■

the approach to calculating and disclosing indicators

related to the right of employees to parental leave,

as well as to the wages of starting-grade employees,

was brought into line with the GRI standards.

Information about shareholders who own five or more percent of MOEX capital is included in the subsection "Advanced governance and responsible business practices" of the section "2021 Sustainability Performance Highlights" of the current report.

The boundaries of the indicators are indicated

in the section "Sustainability Data". Any information that pertains to different configurations of subsidiaries is accompanied by appropriate disclaimers.

The reporting information is disclosed within two reporting perimeters:

  • the first perimeter comprises information pertinent to Moscow Exchange, NSD, and NCC;
  • the second perimeter comprises information pertinent to Moscow Exchange.

Matrix of material topics in 2021

3.0

2.5

3

1

decisions

7

5

9

2

and

2.0

10

4

8

assessments

6

11

15

14

1.5

13

stakeholderon

12

1.0

16

Influence

0.5

0.5

1.0

1.5

2.0

2.5

3.0

Economic, environmental, and social impact

1 The form of ownership ismixed Russian ownership with partial federalownership-code41 per the Russian National Classifier of Forms of Ownership (OKFS).

4

5

MOEX.COM | SUSTAINABILITY REPORT 2021

Material topics

GRI

SASB

1.

Improving the quality of ESG information

GRI 103: Management Approach (2016)

FN-EX-410a.3

disclosed by issuing companies

FN-EX-410a.4

and raising awareness of sustainable

development trends1

2.

Transparent functioning of markets

GRI 103: Management Approach (2016)

FN-EX-410a.3

and development of fair competition

GRI 206: Anti-competitive Behavior (2016)

FN-EX-410a.4

FN-EX-510a.1

OVERVIEW OF MOSCOW EXCHANGE GROUP'S REPORTING SUITE 2021 SUSTAINABILITY PERFORMANCE HIGHLIGHTS SUSTAINABILITY DATA SUSTAINABILITY APPROACHES AND PROCEDURES APPENDICES

GRI

SASB

Other non-material topics that can be disclosed selectively

9. Structure of corporate governance

GRI 102: General Disclosures (2016)

-

GRI 419: Socioeconomic Compliance (2016)

10.Prevention of corruption and money

GRI 205: Anti-corruption (2016)

FN-EX-510a.1

laundering

GRI 415: Public Policy (2016)

FN-EX-510a.2

3.

Enhancing the financial literacy

GRI 103: Management Approach (2016)

-

of the public

4.

Development of new financial

GRI 103: Management Approach (2016)

FN-EX-410a.4

instruments for responsible investing

5.

Development of exchange infrastructure

GRI 103: Management Approach (2016)

FN-EX-000.A

to expand the local investor base

FN-EX-000.B

FN-EX-410a.2

11.Maintenance of a balanced personnel structure and respect for human rights

GRI 102: General Disclosures (2016)

-

GRI 401: Employment (2016)

GRI 405: Diversity and Equal Opportunity (2016)

GRI 406: Non-discrimination (2016)

GRI 408: Child Labor (2016)

GRI 409: Forced or Compulsory Labor (2016)

GRI 412: Human Rights Assessment (2016)

6.

Participation in working groups

GRI 102: General Disclosures (2016)

-

and regulatory initiatives

GRI 103: Management Approach (2016)

GRI 415: Public Policy (2016)

7.

Decent working conditions

GRI 103: Management Approach (2016)

-

and development of employee skills

GRI 202: Market Presence (2016)

GRI 401: Employment (2016)

GRI 402: Labor/Management Relations (2016)

GRI 403: Occupational Health and Safety (2018)

GRI 404: Training and Education (2016)

GRI 405: Diversity and Equal Opportunity (2016)

GRI 406: Non-discrimination (2016)

8.

Financial infrastructure support

GRI 102: General Disclosures (2016)

FN-EX-410a.1

GRI 103: Management Approach (2016)

FN-EX-550a.1

GRI 418: Customer Privacy (2016)

FN-EX-550a.2

FN-EX-410a.2

FN-EX-550a.3

1 In accordance with clause 2.5.3 of the section "Disclosure of material topics" of the GRI Standards, due to the absence of thematic indicators for a number of material topics, the approach to management and other applicable details will be disclosed in respect of the following material topics: "Improving the quality of ESG information disclosed by issuing companies and raising awareness of sustainable development trends", "Enhancing the financial literacy of the public", "Development of new financial instruments for responsible investing", and "Development of exchange infrastructure to expand the local investor base".

12.Access to funding for innovative

-

-

companies

13.Opportunities for growth and access

-

-

to funding for small and medium-sized

enterprises

14.Development of a responsible supply

GRI 204: Procurement Practices (2016)

-

chain for MOEX

GRI 408: Child Labor (2016)

GRI 409: Forced or Compulsory Labor (2016)

15.Reduction of negative environmental

GRI 302: Energy (2016)

-

impact

GRI 303: Water and Effluents (2018)

GRI 305: Emissions (2016)

GRI 306: Waste (2020)

GRI 307: Environmental Compliance (2016)

16.Sponsorship and charity

GRI 201: Economic Performance (2016)

-

GRI 203: Indirect Economic Impacts (2016)

GRI 413: Local Communities (2016)

6

7

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OJSC Moscow Exchange MICEX-RTS published this content on 04 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 July 2022 15:42:03 UTC.