Report preparation procedures and stakeholder discussions

As part of the corporate governance system, the Company pays considerable attention to improving activities in the field of sustainable development and improving the quality of reporting information.

Key communication objective of the Report is to form the most complete understanding of the Company’s activities as a whole, the reporting results, strategic plans and their implementation potential, and sustainable development factors.

Principles of report preparation

Interaction with stakeholders

The Company makes significant efforts to involve stakeholders in the discussion of issues related to the preparation of the Report, such as the determination of its content, the choice of performance indicators, etc. For this purpose, the Company arranges consultations with representatives of stakeholders, organizes conferences and seminars, conducts surveys. The Company makes significant efforts to involve stakeholders in the discussion of issues related to the preparation of the Report, such as the determination of its content, the choice of performance indicators, etc. For this purpose, the Company arranges consultations with representatives of stakeholders, organizes conferences and seminars, conducts surveys.

Context of sustainable development

Information on the Company’s performance is presented in the Report in close connection with its contribution to sustainable development. The Report reflects all the significant issues, indicators and initiatives in the field of preservation of economic sustainability, increase of environmental security and strengthening of social stability in the society.

Significance

We aim to include in the Report only those aspects, issues and indicators that are relevant to stakeholders and can influence their decisions. When determining the significance of the issues, the Company takes into account such factors as goals and objectives, risks and opportunities, industry problems, and other factors.

Completeness

The Company is committed to the most complete disclosure of information in the economic, environmental and social spheres. The set of issues reflected in the Report is sufficient for users of the Report to assess the performance of the Company as a whole and its contribution to the sustainable development of the society.

Balance

According to the principle of balance, the Report reflects both the Company’s positive performance and the challenges. The degree of attention given to different issues is proportional to their relative importance.

Comparability

The Report ensures comparability of performance from year to year. An explanation is provided for each significant change in the scope or reporting period. To ensure comparison of the Company’s performance with the performance of other companies, indicators included in the GRI guidelines and technical protocols are used in the Report.

Accuracy

We strive to ensure that the information provided in the Report is accurate and sufficiently detailed and stakeholders can use it to make decisions with a high degree of confidence. Extent of error of quantitative data is minimized. Ratios and specific values used in the Report are supplemented by corresponding absolute values. The data are presented using common international units and calculated using standard coefficients.

Timeliness

The Company understands the need to provide timely information in the Report, so the Report is published with the same frequency once a year in advance of the Annual General Meeting of Shareholders.

Clarity

We make efforts to ensure that the information presented in the Report is clear, understandable and useful to various stakeholders. The Report contains a list of abbreviations explaining scientific and technical terms and abbreviations.

Reliability

The data in the Report are based on internal documentation that can be evaluated by independent parties. Information that cannot be documented is not included in the Report.

Response

The Company aims to provide the most efficient interaction with stakeholders through coherent responding and taking appropriate measures in response to queries and comments from stakeholders. For this purpose, the Company forms appropriate quantitative and qualitative indicators for assessing interaction with stakeholders on the basis of the principles of such interaction, the Company’s policy in this area and made commitments, with the allocation of adequate resources and timely informing stakeholders in an intelligible form.

In order to ensure a balanced approach to identifying significant themes and defining the scope of the Report, balanced approaches to the preparation of the Report as a whole, as well as to the improvement of the Report, the Company interacts with stakeholders and forms a Public Council of representatives of stakeholders, which are competent and independent of the Company and use systematic, documented and evidence-based approaches, in order to assess the overall approach of the Company to the preparation of reports on sustainable development.

The Report is prepared by the Working Group, which includes executive officers and experts of the Company. The procedure for preparing the Report includes the creation of internal administrative documents on the preparation and analysis of information for the Report, interaction with stakeholders and provision of feedback on the Report by stakeholders.

We consider an independent verification of the disclosed information, as well as the public certification of the Report, as an important condition for the preparation of a high-quality Report.

We plan to develop and improve the public reporting practice by following international approaches and experience being developed. In particular, it is planned to create an independent expert group to represent stakeholders in the area of the Company’s activity and achieve sustainable development results.

The Company fully assumes its obligations to stakeholders and, in general, our corporate reporting includes information on the fulfillment of obligations to stakeholders assumed by the Company.

Public Assurance Statement of TATNEFT Sustainable Development Report 2018

Identification of significant themes of the report

Report preparation procedures and stakeholder discussions

Principles of report preparation

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