The terms “Moscow Exchange Group”, “Group” and “MOEX Group” include the companies affiliated with Moscow Exchange Group and relevant to this Report, in their entirety: Moscow Exchange, NSD and NCC. ► This Report reflects a comprehensive array of information on governance principles and approaches and the progress in addressing material environmental and social issues, as well as the responsible governance issues, as achieved in 2020 by the key organisations within the Group, i.e. Moscow Exchange, NSD and NCC.