Identification of significant themes of the report

The theme of the report is «Growth strategy. Sustainable development” reflects the long-term course chosen by the Company.

Defining the range of topics of the Report, the Company analyzes their relevance on the basis of constant monitoring of the scale and nature of the impact of the Company’s activities on the economy, industry, social and natural environment, as well as requests from interested parties and reveals the materiality of the Report in terms of business obligations, including those recorded in Russian and international documents.

The key approach of the Company is to assess the social significance and complexity of the provision of information.

Based on the results of a comprehensive analysis, the following topics and issues were identified as significant:

Sustainable development management
GRI 201 GRI 419
How the Company Provides Sustainability Management?

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.

What is the Company’s approach to risk management in the field of sustainable development? In what areas and how are such risks monitored?

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.

Does the Company currently take into account stock indices of sustainable development and socially responsible investment in its activities?

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.

In the process of determining the materiality of the topics for this Report, the Company applied the following basic methods:

  • Analysis of materials of the Company’s interaction with shareholders, investors, federal and regional authorities, business partners, non-profit and public organizations, experts, local communities (including meetings, round tables, public hearings, etc.);
  • A survey of managers and specialists of the Company on the materiality of topics for interested parties in the areas of activity of the Company, including heads of the main structural divisions and subsidiaries;
  • Analysis of relevant topics and problems arising in the course of the Company’s activities, including the supply process;
  • Analysis of topics of interaction with stakeholders in the regions where the Company operates in Russia;
  • Analysis of the results of feedback with employees, including materials from meetings of labor collectives, management meetings with employees, including subsidiaries;
  • Analysis of issues raised during public speeches and presentations by the management and specialists of the Company in Russia and abroad;
  • Analysis of interaction with the media, analysis of publications about the Company in authoritative Russian and foreign industry and socio-political publications (including online publications) and issues received from the media;
  • Analysis of annual reports and reports in the field of sustainable development of Russian and foreign industry companies, comparable in scope with Tatneft, as well as generally good corporate reporting practices;
  • Analysis of significant events for the industry in the reporting period;
  • Analysis of the «hot line» of the Company.

The identified topics are relevant for all subsidiaries of the Company.

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