We strive to create long-term growth in shareholder value by making a positive contribution to the development of society.
The company follows the principles and goals of sustainable development of the UN Global Compact and integrates them into its activities at the level of managerial decision-making. We are aware of the importance of the ESG aspects for the sustainability of our business model both in a strategic perspective and at the current stages of activity.
In a strategic context, issues of sustainable development are considered by the Board of Directors of the Company, including a strategic analysis of key trends in the oil and gas industry and the development of business areas, innovative policies, socially oriented programs, environmental issues, personnel management and other areas that consolidate the development stability of Tatneft Group. The direct participation of top management in ensuring internal factors of sustainable development in accordance with the vested competencies in areas of activity allows us to create an effective system of corporate management of ESG aspects. Evaluation of the achievement of sustainable development results is provided by the KPI system.
Monitoring potential risks in the field of sustainable development is one of the key conditions for making managerial and investment decisions at all levels. The company implements common principles of risk management based on the integrated risk management system at Tatneft Group in all corporate processes, which allows for a systematic approach and coordination of analysis, accounting and prevention of risk factors, reduction / elimination of them in case of occurrence, including risks in ESG areas. Monitoring of risks associated with social aspects is integrated into the activities of the Company at various levels and is provided in accordance with the competencies of employees in areas of activity. Currently, the Company is developing RMS, incl. in the field of ESG, with a KPI system.
Risk monitoring in the field of sustainable development is carried out in the following areas: information disclosure; human rights; labor and industrial relations; Environment; fight against corruption; consumer rights Protection; science and technology; competition; taxation; supply chain.
Sustainability and socially responsible investment indices are the most important criteria for assessing business responsibility. This is a global trend in international stock markets. The purpose of socially responsible investment is not only to generate income on invested funds, but also to create positive social changes, reduce negative environmental impacts and comply with best corporate governance practices and ethical standards. More and more investors are beginning to adhere to these criteria. Accordingly, for public companies, the importance of sustainable development indices will grow. The company takes this into account and will expand the boundaries of information disclosure in the field of sustainable development for a fair assessment of the relevant indices, as well as improve the overall sustainable development management system.