Sustainable Fitch affirms Navoi Mining’s ESG rating

Navoi Mining and Metallurgical Company (NMMC) announced on Monday that Sustainable Fitch has reaffirmed its entity ESG (environmental, social and governance) rating, reflecting the Uzbek gold miner’s sustainability strategy.

Sustainable Fitch, part of the Fitch Group, assesses an entity’s performance, commitment and integration of environmental and social considerations into its business, strategy and management, and the effectiveness of governance. Its ratings are provided on a scale of ‘1’ to ‘5’, with ‘1’ being best and ‘5’ the worst, along with an overall score out of 100.

NMMC’s rating came in at ‘3’ along with an overall score of 54, up from 51 previously.

Following the rating update, NMMC’s environmental profile has been upgraded to ‘2’ due to the disclosure of Scope 2 greenhouse gas (GHG) emissions, the establishment of time-bound targets to reduce Scope 1 and Scope 2 emissions by 10% by 2030 from 2024 levels, and the absence of environmental incidents linked to its mining operations.

The company’s social profile remains at ‘3’, reflecting robust corporate sustainability policies, workforce stability and no reported labor or social responsibility incidents.

The governance profile has been maintained at ‘2’, supported by high-quality financial reporting, a sound risk management and tax compliance framework, as well as recommendations aimed at further strengthening the occupational health and safety system and gender diversity.

“For NMMC, sustainability principles form the foundation of effective management, investor confidence and long-term corporate resilience. The reaffirmation of our ESG rating reflects the results of our systematic efforts in this area,” NMMC CEO Kuvandik Sanakulov said in a news release.

“In 2026, we will continue implementing the agency’s recommendations and integrating international ESG standards across all aspects of our operations.”